Friday, February 27, 2015

Hard to Understand!

The German government has issued bonds with a negative yield.  People are buying them.  It’s hard to understand how they are a good investment.

Alex Rodriguez has been a good baseball player in the past.  He’s also been a liar, a performance enhancing drug user, a source of distraction for his team.  I know it would cost the Yankees some money to dump him, but I don’t understand why they refuse to cut their losses and move on.  It seems to me he’s a negative yield player with little upside.

Speaking of negative yield sports figures – Sepp Blatter is a poster boy for corruption and autocracy in the world of football (soccer).  It is no secret why his cronies won’t dump him – they would lose the power they have with him in charge.  Some day he’ll die, step down or be ousted, but that day doesn’t seem to be close at hand.  In this case, I do understand why the status quo is firmly in place.

The handwriting is on the wall for the film industry.  They act like it is still the 1940s, when 60 million Americans went to a movie theater once a week.  Those days are gone and will never come back.  Mobile devices, streaming, the Internet, broadband, and a desire by people to see what they want when they want and where they want is today’s world.  Yet, we still have to wait months to see most first-run films outside of a theater.  I don’t understand why smart people insist on shooting themselves in the foot.  It could be, of course, that they’re not so smart after all.


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