We meet weekly with the heads of publicly held companies to evaluate their performance and thus identify those we view have higher than average earnings potential. When we come across a particularly good publicly held company we release the results for the benefit of stock investors looking for good portfolio candidates.
Below is our report on this company:
Soon we will be releasing our book, “12 Months to Maximum Business Performance”. But we don’t think you should have to wait, since many of the principles discussed in this book can be applied to your business right now. And so, we are releasing for the benefit of our business community chapters from the book as it is being written and revised
Below is a pdf file for download. Enjoy.
When times get tough, the government needs more money, what gets raised? You got it, taxes. And if taxes are already raised, what happens? You got it, higher taxes. And what gets taxed? Often the sin items, those items which we can do without (supposedly) and if we are so willing to smoke/imbibe/swallow/use/abuse – so called sin items – then we must be able to throw in a little for the government, right? Well…not so fast.
The Rights as I See It
Notice the careful wording of that subheading? It’s my “caveat in disguise”. Any time I have no reason to believe I know what I’m talking about, which includes politics, I listen as well as I speak. I listen even better than I speak. The rights as I see it are that:
- The money has got to come from some place, right? And leaving aside whether taxes are the way to raise any money, it is not going to fall out of the sky. So applying taxes anywhere is better than nowhere.
- If most, as in the majority, of the population would rather be taxed on stuff they don’t need rather than stuff they do need, then we should first tax the stuff they don’t need. And if that stuff isn’t being taxed at all, then let’s tax it. So, even though St. Louis’ soda pop tax was vastly unhappy, it’s better than taxing water. By contrast, Massachusetts proposed tax on highways everywhere and anywhere, even non-highways, is aggravating every hard-working worker.
The It’s Not Rights as I See It
- So far as I’ve observed, I’m one of the few who thinks for the good of society even if it’s not good for me. So I notice that the ones who squawk about taxes on something are usually (I polite way of saying always) the ones who use it. So in St. Louis we probably had the water-drinkers saying taxing soda made sense, while the soda-drinking people said it was wrong, while the diet-soda drinking people said that the diet-colas weren’t really soda, and so on and so forth.
- Sin taxing is a way for over-controlling government bodies to even further control how people behave. If they are moral they want pornography
And the Verdict Is
Happily, I’m one of those who sees two sides to everything and rarely think either is the clear choice. This is no exception. That said, I’m in favor of sin taxes, for the reasons given above.
Have a Great Day,
Michael Emerald, CFA
Wall Street Analyst, Owner Performance Business Design
We’ve got a good thing going on the economy, right now. Several reports have come in and almost all are positive. Consumer spending is up, revealing optimism and consumer confidence has been on a roll, spelling further confidence. The job reports came out at a whopping 261,000 new jobs and unemployment is the lowest in awhile. There’s been some minor hiccups in inflation, but we can still expect a rise in rates soon. The Bank of England boosted rates for the first time in 10 years. The only problem I can name, a chronic one, is those out of the workforce as well as under-employed people, of which there are many. But that’s another discussion altogether. For now, let’s be happy for the good economic news.
I’m not a tech write but have programmed for years, maintained networks and still get called upon for ideas on the latest ways to do things, particularly for smaller businesses. When I visit people’s desktops I’m surprised how few use password managers. I’ve used RoboForm for years, and I’m here to tell you how I use it and hopefully convince you they are worth having. I say they because RoboForm isn’t the only password manager out there. So if I convince you of their value you can research which one is appropriate for you. RoboForm has worked fine for me for years, so I’m here to talk about it.
What it Does For You
I use it for retail shopping, log-ins, bookmarks and passwords. In that order! Let’s say you go to a page to register online. You are asked to create a username and password. You type in your username, let’s say “Michael”, and it asks you to put in a password, one with capitals, small, characters and numbers. We all know what it’s like to first, think of one, and second, to feel the clock ticking when it says “not strong enough” and you have to start again. With RoboForm, you click the Generate button, and voila! Your password is there and ready to go. And it’s strong enough! What about logins. Well, let’s say it’s time to renew your AAA auto membership. Once a year you do this and we all know what it’s like to dig through your books to find the log in. RoboForm to the rescue! At the bottom of your screen (version 7 is at the top, I use version 8) is an icon that says AAA on it. I click on it and it enters both my username and password. Of course, before I use any of these features I have to enter my Master password, to prove it’s me sitting at the computer. Next, let’s say I’m ordering something online. I get to the page that says “checkout as guest” and it asks me to enter my shipping, billing and charge cards detaiIls. Ouch! But with RoboForm I click Michael Emerald, and all of this information is entered automatically.
Not a whole lot to describe here. It’s like any other windows installation. Once you install it, though, RoboForm will ask you for a Master Password. This is the password that unlocks everything you have stored in it. So make it one you aren’t going to forget! As we’ll see, password managers allow you to use strong passwords all over the place, but for your Master Password you probably don’t want uPPuam3e. By the way, in as long as it took you to read that password, that’s how long it took RoboForm to generate it for me. I’ll discuss this further, below.
But is it safe to have all of your passwords stored in one place, electronically? Me, I’ve always been more worried about someone stealing my password notebook along with my laptop than taking the time to break into my computer, find, if any, a password file, etc. But RoboForm goes beyond all that. Because your information is encrypted. So, the only way they can get the information is to first break into your computer, second, guess you welcome screen password, and third guess my Master Password. How likely is that? For me, it’s a lot less likely than stealing a paper notebook that sits next to my computer and says “Passwords”!
I’ll discuss version 8 of RoboForm, which I installed today, in a later installment of these technology posts.
Michael Emerald, CFA
Wall Street Analyst and owner, Performance Business Design