“Since other investors may be smart, you must find an edge that they don’t have. You must think of something they haven’t thought of, see things they miss or bring insight they don’t possess…..which by definition means your thinking has to be different (high developed, multi-dimensional and superior).”
entrepreneur
Open-Air REIT Stocks /
Major open-air retail REIT stocks had a major rally over the last 30 days and they have now recovered more than half of their losses. Clearly, investors see green shoots, but there is still a long way to go. As a group the REITs are trading at a huge discount to their NAV, net asset value. REITs own about 20% of major metro retail assets. Is the market telling us that the nimble entrepreneur shopping center owners will beat out the big corporate players? I'm rooting for the little guy!
World Population /
When I was born there were only 3.0B people. Today there are nearly 8.0B and somehow, in the last 60 years, we managed to thrive. The world population is projected to reach 9.9 billion by 2050, an increase of more than 25% from the current 2020 population of 7.8 billion. Total fertility rates are below the replacement level of 2.1 births per woman in 91 countries and territories, mostly in Asia and Europe, as well as in the United States. What a great time to be alive. Notice that the world's population growth rate is dropping like a rock. America is still the leader. Let's all help keep it that way.
“The world population is projected to reach 9.9 billion by 2050, an increase of more than 25% from the current 2020 population of 7.8 billion”
Happy Birthday Publix /
Happy Birthday Publix you are almost 100! We are often excited by the new things in life. But perhaps we're better off to consider the things that have endured well past any reasonable expectation. Last year, in September, Publix Supermarkets celebrated their 90th anniversary. In just 10 years, Publix will be one of the few companies to celebrate 100 years in business. The first Publix store did just $120,000 in sales in 1930.
Today, the company does over $40 billion in sales and has over 1,250 stores. I remember as a kid meeting George Jenkins, Publix's founder, at a store grand opening and was so impressed by his energy and accomplishments. Every new store was a moment to celebrate for the founder. Are you building a company that will last for 100 years? If so, there are many valuable lessons to learn from studying Publix. I recommend finding a copy of the book that was published to celebrate Publixes 75th anniversary which lays out the history of the company and studying it. It'll make you a better businessperson.
You Are Never Too Old /
You are never too old. At 43, Tom Brady commandingly won the Super Bowl. Next to him in this photo is Ray Kroc, the founder of McDonalds. Ray quit his job as a Dixie Cup salesman at age of 52 to open his first McDonalds. Ray’s story is told in one of my favorite books: Grinding It Out.
Time and time again, I am amazed at the fantastic things people accomplish in the latter half of their careers – it’s never to late, just go for it.