In france, i had two uncles in world war ii. My dad served in the navy on my wifes side, her brothers served in vietnam. I learned much from them. It is really the vietnam side that opened my eyes in the late 70s and early 80s because by that time the time i was old enough to absorb things as a young teenager, the family members on my side were well beyond their service. I dont remember my grandfather ever talking about world war i. I dont remember my uncle talking about world war ii until i started doing this work in the and then i would take him everywhere and give him talk. He would spend memorial day at the concert. He unfortunately passed away. This past october. As did my brother in law who was a combat that in vietnam. Stayed in the army for 22 years. I learned so much from him and so much from my wifes two brothers. Theyve really got me thinking and so i got involved in the Vietnam Veterans groups in the 80s and in the chicago area supporting them. So, ten years later, i had an
Technology. Julie hyman is with us to explain the markets. Lie we are seeing the biggest drop in maybe a little over a month, but that is because we are not seeing big drops. We are seeing small, incremental moves. Today, it is a matter of riskoff sentiment. Just to put the drop in perspective, we have got an interesting chart on the bloomberg. I do not know if we can call it up here we go. 500, the s phe s p fell at least 2 going back a decade. As you can see, it has become much less frequent. You see the magnitude of drops. We have not even had a drop in 2 , and it has been since last year since we have had a drop of 3 . Sell us have become much less common than any kind of magnitude. Lets go back to the semiconductors. Apple is cutting orders of the. Phone 8 and the iphone 8 the stock is down. 7 . All of the apple suppliers are trading lower. As for the earnings side of the equation, we have got the pressure as well. The staples of producing well, Phillip Morris is the worst within
Interviewed another one who was an author. The greatest. Hes not even my favorite. How did you get him to write a book . Was it your idea . He decided he didnt need college. That is fine. Because he ought to go to college if it serves your need and it is a reasonable decision financially. We are convinced today by the powers of the experts that everyone should go to college and spend whatever it takes. That is not a Good Business plan for anybody. When he told me he was going to college i told him you need to do something with your time. You need more academics. You should invest in. I suggested he write a book. What am i going to write a book about, he said. I said, well you like politics, come up with something political that is humorous. So. You sent out a tweet saying college is a very expensive lottery ticket. Yes. It is. I forgot that i did that. But it is. We live in a society where our schools are really forcing us to think about ourselves as the highest Value College prep and