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Selling cocktails in the shoe department of a department store is an example of: bloomberg.com/news/articles/…
"The vice president for restaurant operations at Nordstrom, said one in every four transactions at Nordstrom is food or drinks. The Shoe Bar alone sold more than 400 drinks on the Saturday before Christmas. ...

"The $22 Goodman’s Manhattan also sells well."
Erik Nordstrom: "Shoe Bar helps sell things. I don’t know why it took us so long to put drinking and shoes together, but it’s a great combination... Stores need to be more experiential."

"We get a lift in our online sales when we add a store to a market." google.com/amp/s/footwear…
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Tren Griffin
@trengriffin
1/ When Geico first began using search advertising for customer acquisition, each new lead cost about $2. Late-night cable television advertising was at $30 per customer. Using P/E ratios to value Google is like using a pickle to remove a kidney stone. bloomberg.com/opinion/articl…
2/ Munger said he and Buffett saw how great search engine optimization was used in its Berkshire-owned GEICO and "we just sat there sucking our thumbs....I don't mind not having caught Amazon early. I feel like a horse's ass for not identifying Google earlier ... We screwed up."
3/ Link in first tweet should be: ritholtz.com/2020/02/transc…

Second link: google.com/amp/s/mobile.r…

"Charlie Munger: "We failed you [on Google]. We were smart enough to do it and we didn’t.”

"It’s a very good thing that Warren bought Apple. I prefer to think he’s learning.”
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Tren Griffin
@trengriffin
25iQuiz: What phenomena in the news today fit with this sentence:

"Especially when the outcome of a nonlinear change is negative, tendencies like loss aversion can kick in and people can have a strong tendency to react in highly emotional ways." google.com/amp/s/25iq.com…
2/ "Our intuition about the future is linear because that's the way the world worked for most of history. Prey animals did not get exponentially faster for example.” Except for a virus or bacterial infection multiplying inside your body, few things in ordinary life are nonlinear.
3/ "When change is inevitable and gaining speed, a person’s ability to adapt to the environment based on what they see in the present is far more useful than trying predict the future." Investors like @mattcohler want to deeply understand the present. See investorfieldguide.com/chetan/
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Tren Griffin
@trengriffin
1/ A doctor used a laser on a catheter to blast several of my left-side kidney stones to dust at 6AM today.

Howard Marks: "I’ve never heard [a patient] say, ‘The prospective return isn’t high enough to warrant bearing volatility.’ What they fear is the possibility of [death].”
2/ People who claim that innovation has "slowed down" ignore quality differences between my procedure today and one in the 1970s (start of the alleged "slowdown"). In the early days of this surgeon's career he cut kidney stones out of patients using a scalpel in a full operation.
3/ As everyone knows, Ureteroscopy with laser lithotripsy dusting settings of 0.3 Joules and 30 Hz or 0.4 Joules and 40 Hz were used.

As you also know, dusting stones works well for kidney stones in the 900 to 1100 Hounsfield unit range, which is nice! renalandurologynews.com/home/conferenc…
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💧simon holmes à court
@simonahac
🤓if you know me, you know i’m an energy nerd.

i’ve visited coal & gas power stations, wind & solar farms, geothermal & hydro projects. (plus a few nuclear plants, but yet to get inside one.)

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1.) Jan 14, 2019 pm News ~ Californians fume after learning lawmakers partied in Maui with utility execs as wildfires raged foxnews.com/politics/calif…

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Christophe Barraud🛢
@C_Barraud
🇨🇦 🇺🇸 🇨🇳 🇮🇷 #Canada arrests #Huawei’s global chief financial officer in Vancouver – The Globe and Mail
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🇺🇸 #SPX ⬇ as much as 1.9% from Tuesday’s close, before paring some losses. Selling pressure early in the session was so intense that it forced CME Group to intermittently pause trading, according to a spokesperson for the exchange - Bloomberg
*Link: bloom.bg/2BTw5DN
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I Want the Truth!
@DougieFreshii
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Zach Everson
@Z_Everson
Trump Hotels' website still lists Trump SoHo New York among its properties in the Our Hotels menu. Select its name though to access its page and there's a message about it being renamed

bit.ly/2EPCSy1
National politics correspondent for Newsweek, Nina Burleigh, with a fun find on a TV above the bar at the Trump Hotel DC bit.ly/2E37QRR
Two errors in the 2nd graf of Breitbart's Trump Hotel DC article:
-holdings aren't out of @realDonaldTrump's hands: trust isn't blind & he can profit from it
-Trump Org told Congress it was estimating foreign receipts—not auto donating in full
bit.ly/2CpL7z2
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