Memories of the 28th Century

I’m not in Colorado or Washington or Uruguay or any other place where marijuana is legal, but I expect to be in not too long a time, because the legalization movement will be spreading. With that in mind, I looked at process in Colorado, and I was shocked. The prices look like they still have a risk premium in there, even though most of the risk has been removed by legalization. It’s not easy to estimate how large the risk premium is, but we should be able to make a reasonable estimate by comparing ...

I don’t go to retail stores often, but I recently went to several, and I notice a very disturbing trend; they are getting rid of cashiers. I will not tolerate this. If I owned stock in a retailer, then I would be even more annoyed with this trend. I wasn’t surprised to see that Wal-Mart is going with those business killers, just as I wasn’t surprised that Home Depot started using them a few years ago; they were clearly for overflow and to speed some contractors through. But I was surprised to see ...