Food and Drink

  • Spring and Rebirth

    For Jews, Friday was the first night of Passover, a family-centric holiday that recounts the biblical story of the Exodus of the ancient Israelites from Egypt into the Promised Land. For me, it's a reminder to appreciate what we have – and how we stand on the shoulders of those who came before us. 

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    For Christians, today is Easter – the holiday honoring Jesus's resurrection. 

    The overlap can be seen in DaVinci's Last Supper, a Passover Seder, and Jesus's last meal before his Crucifixion.  

    6a00e5502e47b288330240a454f862200c-600wi

    For Jews, a notable part of the ritual dinner is recounting each of the ten plagues inflicted upon Biblical Egypt and saying, "Never again."

    Last year, I joked that maybe COVID-19 should be added to the list. 

    And, just like the Jews making it through slavery, the plagues, and 40 years wandering through the wilderness and desert before entering the Promised Land … We are finally approaching the promise of life post-COVID.

    Of course, other global events remind us that while the world and our capabilities continue to improve and expand … human nature stays maddeningly the same.

    With the coming of spring, the return to normalcy, and the reminders from the stories of Exodus and Easter - it's a great time to do a mental and physical "spring cleaning". Mine your experiences for the things you want to keep doing (or continue not doing) as things go back to "normal".  

    Hope you celebrated with family, food, and a reverence for all the blessings around you. 

  • The Power of Purpose

    Here is a chart you might find interesting.  It shows the longevity of the founding fathers of the United States.

    Take a closer look.  The chart highlights something important.
    Founding Fathers Longevity

    via Dan Sullivan, Strategic Coach

    During the time in question, males had an expected lifespan of between 35 and 40 years.  In stark contrast, the founding fathers lived more than twice that long (except for Alexander Hamilton, who made the bad decision to embrace dueling).

    I don’t believe this chart shows the disparity of “Haves” and “Have Nots”.  Instead, it shows the importance of purpose.  The Founding Fathers understood how important their efforts and ideas were (not only to their lives … but also to the lives of the people who relied on them – and to future generations).  They truly saw a bigger future and their part in its creation.

    Common wisdom posits that a lot of longevity comes down to diet and exercise.

     

    220327 What Doesnt Kill You Makes You Fattervia SomeEcards

    Clearly, sleep and stress management matter too.  With that said, healthy mindsets potentially have the most significant impact on your health, well-being, and longevity.

    Mindset Matters.

    Dan Sullivan wrote an e-book called “My Plan for Living to 156”.  His message was to stop being nostalgic about the past and anxious about the future.

    Most people’s notion about how long they’ll live becomes an oppressive thought.  They feel confined by their expected lifespan, often based on family history and averages.  But what if you could extend your lifetime? What if you could increase the quality of the years you had left? How would adding extra years impact the way you live now?

    The goal of living to 156 may sound outrageous.  But in reading this book, you’ll find that imagination can have a huge impact on behavior and accomplishment. And, even if you don't make it to 156, the years you're left with will be better for it. 

    You don’t have to actually believe that you will live to 156 (or some other huge number).  Simply adopting a mindset that you have extra time permits you to set longer-term goals and focus on bigger possibilities.  As a result, those mindsets allow you to focus on continued learning and growth, rather than looking for an excuse or an easy off-ramp.

    Purpose is a master key!  It gives you direction, capabilities, and confidence.

    As I think about these issues, I know that I want to be valuable and interesting to those around me as long as I’m here.  That means I want to be healthy, fit, and vital as well!  The reason?  So I can focus on living … rather than not dying.

    I’ve heard it said many times, in many different ways, but one of the easiest ways to predict your life and lifestyle is to take the average of the five people you spend the most time with.  Consequently, it’s important to surround yourself with people committed to bigger futures!

    Likewise, it’s important to set goals and scorecards that keep you focused on what matters and continued progress.

    Even if you don’t live until 156, I think it’s important and healthy to live now as if you will!

    Onwards.

  • Cat Poop Coffee … Yum!

    My wife is currently in Indonesia – and inflation is rising.  What a perfect time to revisit the world’s most expensive coffee. 

    Indonesia is famous for coffee.  For example, “Sumatra” is their biggest island – with “Java” coming in close behind (and both are synonymous with coffee).

    They also make one of the most expensive coffees in the world … Luwak Coffee.

    It is a very particular coffee, created using a very peculiar process.

    In traditional coffee production, the cherries are harvested, and the beans are extracted, before being shipped to a roaster, ground into a pulp, and brewed by a barista at your local Starbucks.

    In contrast, with Luwak coffee, something different happens.

    The coffee cherries are harvested by wild animals.

    Specifically, they’re harvested by the Asian Palm Civet, a small, cat-like animal that absolutely loves the taste of coffee cherries.

    But, if the civets eat the cherries, how can they still be used to make coffee?

    Here comes the gross part—the civets eat the coffee cherries, but their digestive tract can’t effectively process the beans, only the flesh surrounding them.

    When the partially digested, partially fermented beans are eventually excreted, coffee producers harvest them.  The beans are then cleaned, roasted, and used to make astonishingly expensive (“with retail prices reaching up to $1300 per kilogram”) coffee.

    Now, is the coffee that mind-blowing?

    No, not really.  In fact, many critics will openly call it bad coffee, or as Tim Carman, food writer for the Washington Post put it, “It tasted just like…Folgers.  Stale.  Lifeless.  Petrified dinosaur droppings steeped in bathtub water.  I couldn’t finish it.”

    To be fair, the Luwak coffee industry is not really about coffee … it is about an experience.  When I toured a plantation near Ubud, Bali, a smiling tour guide greeted and led me on an in-depth exploration of the forested property, where I was allowed to immerse myself in the various spices, roots, beans, and civets used to produce this one-of-a-kind coffee.  

    Here is a video I shot of the process.

     

    If you think about it, I paid a premium to drink exotic cat poop coffee.  Kind of strange!

    I wouldn’t drink coffee made from people’s poop (or even domestic cat poop).

    It’s the story that allows this not-so-awesome coffee to fetch awesome prices.  People are paying for the experience, not the commodity itself.

    The same is true when you buy Starbucks.  The coffee at 7-Eleven is cheaper – and Consumer Reports tell us that McDonald’s coffee is better.

    Nonetheless, I’d still rather drink at Starbucks.

    We live in an Experience Economy.

  • A-To-Z of The Internet Minute in 2021

    As I get older, time seems to move faster … but it's also true that as I get older, more is accomplished every minute. 

    Technology is a powerful force function. In fact, the amount of data in the digital universe effectively doubles every two years

    Every couple of years, I revisit a chart about how much data is generated every minute on the internet.  

    In reverse chronological order, here's 20182015, and 2011

    Here's an excerpt from 2015 for some perspective: 

    Compared to 2008 here is what's happened with social networks:

    • The number of people online has more than doubled from 1.4 billion to over 3 billion (2021 #: 5.2 billion) 
    • Facebook has gone from 80 million users to more than 1.4 billion (2021 #: 2.89 billion
    • Twitter had 2 million accounts and now it is 300 million and counting. (2021 #: 206 million ACTIVE users after a big bot deletion)
    • The number of smartphones was 250 million in 2008 and today there are more than 2 billion. That is an 800% increase! (2021 #: 6.37 billion)

    Today this is what happens every minute on the web.

    • 4 million search queries on Google
    • Facebook users share 2.46 million pieces of content
    • Email users send 204 million messages

    Throughout its (pretty short) history, the internet has been arguably the most important battlefield for relevancy and innovation. 

    So, what does the internet look like in 2021?

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    DOMO via visualcapitalist 

    Looking at the list, we see new editions like Clubhouse and Strava. Partially due to the quarantine, you're still seeing an increase in digital cash transfers with tools like Venmo, an increase in e-commerce shops like Shopify, and an increase in (you guessed it) collaboration tools like Zoom or Microsoft Teams. 

    Just to pick out some of the key figures in the chart this year. 

    • Amazon users spend $283,000
    • 6M people shop online
    • TikTok users watch 167M videos
    • and, Zoom hosts 856 minutes of webinars. 

    Before 2020, I already thought that big tech had a massive influence on our lives. Yet, somehow this past year has pushed their impact even higher. 

    One other thing this chart also helps put into perspective is the rapid rate of adoption. As you look at different year's charts, you can see how quickly apps have become part of the cultural zeitgeist. 

    How do you think these numbers will grow or change in 2022? 

  • Happy Hanukkah 2021

    It's that Holiday time of year again. 

    Wow, how time flies. We're past Thanksgiving, and Christmas and the New Year will be here quickly.

    It turns out that tonight was and the last night of Chanukah – which is the Jewish festival of lights. This is the holiday that involves lighting the Menorah (Chanukah candles), eating latkes (potato pancakes), exchanging gifts, playing spin the Dreidel (a gambling game), and enjoying a sense of family togetherness for eight days and nights.

    That's a long time, right?! Well, sometimes it seems even longer with my family. 

    As a gift to all of you, here is "The Chanukah Song," performed by comedian Adam Sandler on Saturday Night Live.  It became an instant classic (and he since released a secondthird, and fourth version.)

    Here is the video. And, if you're feeling left out – here's Adam Sandler's Christmas Song.

     

    via SNL

    It's not too different from Christmas. 

    The cynic in me believes the gift part of the holiday was invented by merchants.

    Regardless, the Capitalogix team has been in a festive mood, and the office has been filled with holiday cheer. We recently celebrated a Thanksgiving Potluck as well. 

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    From my family to yours, Happy Holidays!

  • Drunkest Countries Per Capita

    The holidays and the winter months tend to have a negative impact on collective mental health. 

    Many jump to alcohol to make it through.

    Which countries would you guess consume the most alcohol per capita?

    Several people I asked quickly guessed Russia without even looking at the chart.

    Well, here's the chart.

    Screen Shot 2021-11-14 at 3.00.48 PMvia visualcapitalist

    Europe did top the list with 8 of the top 10 countries. However, Russia did not make the list. 

    Screen Shot 2021-11-14 at 2.57.00 PMvia visualcapitalist

    The Cook Islands top the list with almost 3.5 gallons of alcohol annually per capita. 

  • Inflation and Other Economic Effects: Will They Last?

    I've recently posted about the rise in global & national debt and the increasing dissonance between markets and the economy. This post is about inflation and the long-term economic effects of 2020. 

    We're currently operating on $6 trillion of stimulus. The Trump administration approved the first 4 trillion dollars, and Biden's administration added another $1.9 trillion. Around $3.5 trillion of that went to purchasing government securities. Meanwhile, the U.S. Treasury also printed another $2B in dollars (more than they produce in a normal year).

    Here is an infographic showing the programs enacted to counteract the pandemic's economic impact.

     

    2021-total-coronavirus-legislation-graphicvia PGPF (3/15/21)

    These strategies make credit easier to get by growing the money supply and lowering interest rates with banks having more reserves. Without these and the Fed's other emergency measures, the economy likely would have crashed … but was it a "fix" … or did it just delay the inevitable?

    In the short term, the stimuli did a pretty good job of creating liquidity, preventing a substantial market crash, and increasing faith in the system. 

    Markets became more erratic and harder to predict. And other ripples are starting to show in the economy. 

    Inflation: Temporary?

    It's not hard to tell that prices have risen recently. But, while consumer prices have risen 2%, on average, investors continue to invest in treasuries and push the price of 10-year yields down to where they were in February of last year. That seems to imply that despite inflation and stimulus, investors still have faith in the Fed. 

    The hope would then be that the inflation is transitory and not a long-term effect of the stimulus. 

    Screen Shot 2021-06-18 at 3.18.22 PMvia Wall Street Journal

    It's possible that this inflation is the result of a post-Covid demand surge (and not the beginning of a larger trend).  You can also assume that the surge in prices of airfares, hotels, and sports games will drop once they become "normal" again. And, even if they don't, if wages don't rise with that new demand, it's easy to picture demand returning to normal. 

    The last time the Fed created money on a similar scale (the Great Recession), high long-term inflation didn't materialize, so it might not happen again. 

    Conclusion

    I think it's unlikely that we see another 1970s style surge – and I think it's equally unlikely we see major deflation. With that said, I still don't think we've seen the end of the effects of the pandemic and the pandemic stimulus either. 

    One of the practical results of the Fed's bond purchases is that it creates money to finance the gigantic debt run up by Congress. With the national debt at almost $25 Trillion, it gets harder to pick a measuring rod of financial health that isn't woefully inefficient. The idea of "sound money" or a sustainable fiscal path seems increasingly questionable. But, if you believe in Modern Monetary Theory and in the United States' amazing ability to borrow, it's possible that there truly is no worry. Japan is a potential example of that – with a debt-to-GDP ratio of double the U.S.

    So, even if inflation continues, it's hard to judge how bad a sign it is. 

    Whether or not there's a crash tomorrow (or 7 years from now), at some point, we know there will be a "correction."

    Predicting the future is hard!

    Curious to hear what you think.