We had another great Free-Rider Friday show!
Here are Ron’s Topics:
“Picking up the Bill,” Bartleby, The Economist, May 25, 2019. Great Yogi Berra line: “I’m not going to buy my kids an encyclopedia. Let them walk to school like I did.”
“Remember the Polar Bears,” National Review, April 22, 2019.
“Why the UK Suddenly Is Suffering from a Physician Shortage,” FEE, June 1, 2019.
Our VeraSage colleague Paul Dunn sent us another example of the subscription business model: Rent the Runway, where you can rent your wardrobe. The company has become a Unicorn (a startup with a $1 billion+ valuation). Urban Outfitters is also launching a subscription service where you’ll be able to rent up to six items a month. This will help curb “wardrobing”—customers returning clothes after wearing them. The online market for renting clothes was worth $1 billion in 2017 and is forecast to double by 2023.
A forum in National Review from May 20, 2019, “In Defense of Markets.” Some excellent points from Jonah Goldberg, Marian L. Tupy, Deirdre McCloskey, Scott Lincicome, and Yuval Levin.
And Here Are Ed’s Topics:
“Tylenol For Infants And Children Is The Same. Why Does 1 Cost 3 Times More?” NPR, May 27, 2019.
“Undercover Cops Posing As Drug Buyers Arrested By Undercover Cops Posing As Drug Dealers,” International Highlife, February 1, 2019.
Hawaii is only state that doesn’t have CPA mobility. See AICPA story here on how this might change in 2020.
Ed saw Simon Sinek (of TED talk Start With Why fame) at the AICPA Engage conference in Las Vegas. Memorable lines: “Trying to protect your own business model is signing your own death warrant.” …and… “Innovation is not efficient.”