Business

Nothing Personal, It’s Just Business. Well, Actually, It Is All Personal. Because Business is Personal.

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For those who may not know, I own a business and our field is HVAC distribution, which is a subset of industrial distribution.

A few weeks ago I lost my largest customer. It wasn’t due to any fault of my company or staff. The order came from one of my manufacturer vendors, where the people and culture have developed into a gross toxic stew over the last few years. I’ll spare you the gory details, but to quote Goodfellas, “we had to sit still and take it. It was among the Italians, it was real greaseball shit“.

Which is to say, one of my largest vendors gave this order and no matter how hard I fought, or wanted to fight, it was over. So that was that.

The great part about owning your own business is that over time (I’ve been doing this for 35 years) you develop a sense of peace in the face of threats and you develop what many have called “steel”. I have faced unimaginable (to most) adversity being in business for this long. We have lost our largest customer before.

And while this is a short term shock to us, we have been here before and have been through worse. Kneejerk reactions always prove unproductive. Sitting in a quiet room and thinking about your company, where you are, and who your friends are and what you can do IS productive. Charlie Munger said:

The first rule of a happy life is low expectations. If you have unrealistic expectations you’re going to be miserable your whole life. You want to have reasonable expectations and take life’s results, good and bad, as they happen with a certain amount of stoicism.

Munger thinks that I shouldn’t spend too much time navel gazing over something that I had no control over. So what now? This customer was 12% of our revenue.

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Schadenfreudelicious

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Two weeks and a bit more after election day, and the meltdown, panic, and dismay among the progs, the establishment media, and the entertainment world continues. I’m taking an unworthy pleasure in reading reports of panic and back-biting among partisans of the Harris/Walz camp and the noisy laments of their cis-gender or bi significant others. I’m also taking a savage pleasure in reading about or viewing evidence of the dismayed realization among the managerial class in certain industries dependent economically on the choices of the general public – that conservatives and Trump voters buy shoes, too. Also movie tickets, newspaper and magazine subscriptions and other consumer goods.

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A Skin Suit, Demanding Respect

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You know, the most disgusting aspect of the most recent Trump hit is the fact that it appeared to have been engineered by the management and apparently the current ownership of the Atlantic. This whole skeevy story was rather obviously intended to be the October Surprise, something like the 60 Minutes-Rathergate-Bush/ANG story, calculated to catastrophically hit in time for Election Day 2004. Frankly, I never cared much for CBS 60 Minutes, after a certain point in my development as an adult with a passing interest in public matters. It was all a rather contrived and scripted business, all carefully edited in the furtherance of the “gotcha” narrative o’ the moment. After Rathergate and the faked ANG memo, though, one did rather wonder exactly how many other previous 60 Minutes exposés had been based on fraudulent and/or sketchy documents, which no outside CBS ever got a chance to examine with a gimlet eye.

But the degradation of the Atlantic from a once-respected venerable literary and cultural publication with 160+ years of solid worth … into a purveyor of partisan sleaze is something that hits me rather personally. It demonstrates Iowahawk’s oft-quoted tweet about identifying a notable and influential institution, slaughtering it … and then wearing the pelt as a skin suit, while demanding respect.

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They Have Their Exits

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I’ve been following the various social media over the last week, reading and watching various reports of how local volunteer efforts are handling disaster recovery in the mountainous areas blasted by Hurricane Helene. FEMA and various other federal departments are helping – sort of – or hindering, interfering, preventing access or flat-out confiscating donations, according to some rather irate reports, which reports are indignantly condemned as rumors by all the established media sources and FEMA’s own public affairs representatives. No smoke without a fire, as the saying goes, and hacks – err, that is “reporters” for the established media certainly don’t appear to be venturing deep into the Appalachian weeds to report on such matters first-hand. Although, recalling the dog’s breakfast that the national establishment media made of covering Hurricane Katrina, that might be all to the good in the long run.

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“A Disease of the Public Mind”

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That is the title of a book about the first US Civil War that resulted in the assassination of President Lincoln. The soldiers in the South hated those in the North and vice versa. Northern soldiers have since been credited with undeserved virtue while Southern rebels were labeled racist enemies of the state, a moniker that still survives in the present day. But neither side was fighting over the abolition of slavery.

 

Trump’s opponents claim he will re-institute Jim Crow oppression, put black people back in chains, end democracy and put people in Hitler’s concentration camps. The continuous character assassinations, legal persecutions, numerous impeachments, unfounded accusations and insinuation caused what has been called Trump Derangement Syndrome (TDS), a disease of the public mind resulting in a recent assassination attempt.

 

Follow the Money
The Constitution the North and South agreed upon in 1788 enshrined the economic principles of Adam Smith’s Wealth of Nations, fostering equality under the law, individual sovereignty and limited government. Slavery was still too contentious an issue to settle. Starting in the next century the British led a moral crusade to eliminate slavery globally. While politically virtuous, Britain could afford to pay off slave owners and generally didn’t face the the vexing question for US plantation owners of whether freed slaves could support themselves and, if not, whether this would lead to murderous riots as had happened elsewhere. Abolition was a contentious issue everywhere slavery was practiced, typically with long drawn out steps to complete. But the long simmering political dispute that came to a head in 1860 wasn’t about abolition, but money. The federal government relied almost exclusively on tariffs raised in Southern ports – most of which went to northern states – on imports financed with the fruits of slavery, cotton exports.

 

Since the Civil War, limited government has given way to big government. The Democratic Party has created many dependent constituencies whose continued prosperity depends upon continuing Democratic power and largess: the bureaucracy, the government at all levels, teachers, labor leaders, academic educators and administrators, trial lawyers, government contractors, social security recipients and what are still euphemistically called journalists, among many others. The current Civil War is also about money. Trump has been in both political parties, fits in neither. But ”you are fired” represents an existential threat to Party members.

 

For contemporary Democratic politicians, almost all trained as lawyers, money beyond what is available by taxing the rich exists in banks, especially the Federal Reserve Banks, to be distributed according to the spoils system. For Republican politicians (but not RINOs), mostly former businessmen, prosperity comes from productive work and from savings productively invested. For those businesses and workers who are not on the receiving end of the spoils system, whose taxes pay for political largess, limited government is the only solution. There is very little middle ground.

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