Thursday, 22 July 2021

Eric Clapton

"Eric Clapton refuses to play venues that require proof of vaccination - Clapton says he won't perform for a 'discriminated audience' after vaccination passports made mandatory for clubs and venues this autumn": https://bit.ly/3hVvgiY

Telegram post delivery Clapton's announcement: https://bit.ly/3i45IAp

Eric Clapton is doubling-down.

This week's must-read article is Paul Krugman's in the "New York Times": https://nyti.ms/2V9i3tG

Now I know you hate the "Times," and dismiss whatever Krugman has to say, but this article is really about the paper of New Zealand social scientist Xavier Márquez entitled "The Mechanisms of Cult Production." Bottom line, it's all about "loyalty signaling." Doesn't matter If what is being said is insane, it is uttered to show loyalty to the cause, the fearless leader, to be a member of the group. Which is why it's impossible to get the anti-vaxxers to get vaxed. Forget science, forget the truth, IT'S A CAUSE!

Same deal with Eric Clapton.

So he had a reaction to the Astra/Zeneca vaccine. Boofuckinghoo. What's worse, having side effects for a limited time or taking the risk of DYING?? Come on, I got the Moderna shot and I felt the side effects of the first shot for a week and then sweated through the night after the second. Am I busy complaining, saying I'm a wuss and I just can't handle a little physical disorder, that evaporates, all in the name of protecting me? OF COURSE NOT! Come on, Clapton is 76 years old. You don't make it that far without a whole bunch of medical intervention. It's not like Eric has never had a jab before. As a matter of fact, Clapton pulled out of the Rock and Roll Hall of Fame concert in 2009 because he had to have his gallstones removed. I wonder, did they do it without anesthesia? Did Clapton jump off the operating table and say I'M CURED! And play a gig the very next day? NO WAY!

You can't be too scared to get better. I've had a slew of operations and someone once said this to me. I had a friend who recently had a brain tumor, the size of a croquet ball, benign, thank god, and he was hesitant to get the surgery. But he did and how is he now? FINE! Was he fine right thereafter? No, he was in the hospital for a week and then a rehab facility. Is he still feeling the pain now? NO!

But somehow western medicine is seen as inferior. The health industry is looking to rip you off, never mind in England they have the NHS, where the profit incentive is eliminated, not that Clapton would use it, he probably has his own high class private doctors, but why all this anti-vaccine crap?

BECAUSE HIS BUDDY ROBIN MONOTTI IS ANTI-VAX! So who is this mystery man with such power over Eric C... An Italian architect and film producer! Eric, let's say you're on vacation and you have a mishap, do you want Mr. Monotti to stitch you up, perform surgery, or do you want to go to the hospital and use the services of a professional? There's no doubt in my mind you'd use the pro. But too many people in the world today believe they're medical experts, even though they never went near a medical school. Come on, if you're educated and have a health problem the first those in your circle say is...YOU NEED TO TAKE VITAMINS! CHANGE YOUR DIET! Steve Jobs tried that, what happened to him? HE DIED!

As for vaccines causing autism... One guy writes a discredited paper and you've got all these people refusing to believe he was wrong. Do these people still believe the earth is flat? That was the belief before explorers proved it to be round. Why this investment in crackpot theories? Because they need answers, they just can't believe the luck of the draw harmed them. But that's the reality folks. My father was dedicated to the doctor but died of multiple myeloma at 70. Meanwhile his buddy Harry was sloughing off, but somehow lived past 90. Am I asking somebody to pay me for the early death of my father? No, I ACCEPT IT! But no one can accept misfortune anymore, someone has to pay. If not a corporation then the same government they want to put in the bathtub and drown.

As for negative opinions... Go on Amazon, I dare you to find any product without a one star review. I just looked up Apple's 13" MacBook Pro, a great leap forward with the M1 chip. Are there one star reviews? OF COURSE! 3% of the reviews are one star. But do I put my faith in them or the 2,660 five star reviews representing 90% of all responders?

You can find support for any cockamamie theory online.

I remember when my back went nuclear, everybody surrounding me said not to have physical therapy. Online they told me not to have injections. So I went for months of acupuncture... Did it work? NO! I'd had a good experience with the needles twice previously, but now that I was in excruciating pain with a herniated disk and could barely walk, they did not help, not a whit. So at loose ends I went to the dreaded physical therapist. Granted, the best guy in the city that the best doctor in the city recommended. End result? I WAS CURED! Meanwhile, both of those professionals take insurance, it's just a matter of doing the research, making the phone calls, putting in the effort to find these people. As for the shot? Wouldn't get one. But suddenly, literally two decades later, when my back went insane again, I decided to take the plunge...ONE SHOT CURED ME! I felt like an idiot for not getting the shot before, enduring a year of insane pain. The same way these people feel like idiots when they're unvaccinated and get Covid and nearly die. But do we have to experience everything personally, can we learn nothing from those with expertise?

So Clapton plays on a Van Morrison anti-lockdown tune, "Stand and Deliver," it's linked in the Telegram post, but to make it easier, check it out here: https://bit.ly/3wZrGJ1 It's got 386,265 views on YouTube in six months. It's doing a bit better on Spotify: https://spoti.fi/3rAKKfp where it's got a whopping 776,332 listens. If you were a newbie you'd still be a barista, you can't live on that number of streams. As for Morrison's post insanity double album "Three Chords and the Truth," most people aren't believing, they think it's all false, because of the fourteen tracks therein only three break into seven digits, which is single-digit millions for the math-challenged. VERY LOW SINGLE DIGIT MILLIONS, one three plus, one barely two and another bubbling under two. As for the rest of the tracks, one has only 360,164 streams. This guy is an international icon, with Clapton on guitar, AND NO ONE CARES! BECAUSE HE'S OUT OF HIS MIND! The crowd may not be getting vaxed, but they do know Van Morrison's off his rocker.

"Stand and deliver
You let them put the fear on you
Stand and deliver
But not a word you heard was true"

Yup, those vaccines contain a microchip to track you! Meanwhile, the auto business is hobbled because it can't get any chips. Where did Bill Gates get the hundreds of millions of chips? From Qualcomm? The ones used to make 5G cellular radios? I don't see these same anti-vaxxers throwing away their smartphones, they need them to spread their falsehoods on social media!

So Clapton wakes up when his phone stops ringing. He posts a video online saying everybody is abandoning him but he's gonna stay the course. Because god forbid he's wrong. An educated man admits mistakes, it's the only way you can get to the truth. But not the Republican party, and not Eric Clapton.

Did he ever wonder if everybody else was right and he was wrong?

As for delivering his messages via the architect/film producer... That's like promoting your album via the social media site of a poet, or an auto parts manufacturer. What if someone told Clapton streaming was bad and he needed to take all his tracks down. Even Bob Seger, the Luddite, put his tracks on Spotify, although he still won't put up those Warner LPs, despite the fact that "Back in '72" is one of his best and contains the haunting original version of "Turn the Page." Proving, if you're taking guidance from musicians...let them not be your only source of information.

So Eric wants the unvaccinated to come to his shows. I'm sure the oldsters will bring the youngsters to experience Slowhand. Meanwhile, did you read today that thirty one kids at a summer camp in New York tested positive? https://nyti.ms/3BAnmU6 Hmm... So let's say the kids get infected during the show, god forbid one even dies, because youngsters can get Covid and a five year old died in Georgia yesterday, not that Marjorie Taylor Greene will admit it: https://nbcnews.to/3ruFMkv I'd expect most people to know these stories, because they're all over the news! But most people are not paying attention. Lewis Hamilton won the F1 race in England last weekend after Max Verstappen crashed after contact with Hamilton's car. End result? Tons of racial hate on social media. But my friend, Mr. Formula1, said it was just online trolls, he didn't see the story so it must be small. But if you Googled it was all over the big news sites, even NBC, which he professed to watch! As for regular F1 news, I'm constantly referencing stories from formula1.com, but he doesn't check that site so he doesn't know, even though it's the main F1 site. So I ask you, what else do people not know? And to what degree are they invested in their positions? I had to send my friend four mainstream news articles re the racist Hamilton hate before he believed it was a major story. You see people are invested in their takes. So if you're expecting them to back down and get vaxxed...

Meanwhile, my vaccination did not work, because I take Rituxan, which wipes out your B cells, I still don't have any, the immunologist told me NOT TO LEAVE THE HOUSE! A month ago he told me I could meet people outside if we were both masked, but no longer, BECAUSE OF THE DELTA VARIANT!

Meanwhile, we've got Fox telling you not to get the jab, yet all these reporters have gotten it. But not the police and firemen, and those are the ones you might interact with.

But no, trust Eric Clapton and Van Morrison. Go out and take the risk of being infected. As for the odds of a bad vaccine result, they're far outweighed by the risk of getting Covid-19. Then again, in America it all comes down to how you feel. Or you've got some bogus story how science doesn't apply to you. Like my friend who said she once had a negative reaction to a vaccine and her mother told her she doesn't need any more so she won't get it. She says she's playing it safe. Come on, how many people do you know who said they were playing it safe who got Covid? Never mind spread it to others.

As for Clapton, he's got no power against Covid-19, against science. He can say what ever he wants, it makes no difference. Change a chord in a song, miss a note, the penalty is not DEATH! But art is fuzzy and science is not. As for the vaccines being new science...WRONG! They've been working on mRNA vaccines since SARS, it's just that you weren't aware of it. But no, they're untested. Give me a break.

As for Clapton's evisceration of his image, it's similar to Solzhenitsyn, who made it to the west and great acclaim with "The Gulag Archipelago," but ultimately went back to Russia and became a supporter of the government. Sure, the art remains. Then again, Jeff Beck is a superior guitarist to Clapton, it's just that he doesn't write or sing so all the attention has gone to Eric. You see popular image does not align with skill. Oh, you may think Clapton is superior, even Page, but it doesn't matter, art is subjective, BUT NOT SCIENCE!

And the truth is Clapton is not in control of the gigs anyway, it's the government and the promoters. And it's the promoters who are paying Clapton, so they want to protect their investment. So Eric, if the shows don't sell out because people are afraid to come are you willing to give back part of your guarantee? Are you willing to forgo a guarantee completely and get paid on percentage of box office? NO! You'll talk about startup costs, you want PROTECTION! And the truth is, SO DOES EVERYBODY ELSE! (Well, at least reasonable people.)


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Michael Rapino-This Week's Podcast

Michael Rapino is CEO and President of Live Nation. Need I say more?

https://www.iheart.com/podcast/1119-the-bob-lefsetz-podcast-30806836/

https://podcasts.apple.com/us/podcast/michael-rapino/id1316200737?i=1000529682220

https://music.amazon.com/podcasts/9ff4fb19-54d4-41ae-ae7a-8a6f8d3dafa8/the-bob-lefsetz-podcast

https://open.spotify.com/episode/0TU9tJ09EcoZMPfquvLude?si=tbgJozicRu604FuFnJ20_Q&dl_branch=1

https://www.stitcher.com/show/the-bob-lefsetz-podcast



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Tuesday, 20 July 2021

Re-Lefsetz/Aaron Lewis/Borchetta

Hey Lefsetz,

I saw you have your panties in a wad over the new Conservative anthem. Aaron is saying what millions of we normals believe. We've had it with you lunatic leftist radicals. We'v had it with your hate for America and your efforts to turn it into a socialist hell. Democrats, all of them, have become the enemy of the Constitution, of Liberty and of We The People. And as enemies you all will be treated.

"There's the fuckin door" you whacko.

Jim Burgess
Watertown, WI

____________________________________

Subject: You are a Fucktard

You are fucking idiot and your music reviews don't sway anyone. You are a no talent piece shit that needs to shut his liberal mouth and shallow thoughts before they get you hurt.

Heath Staples


You are absolute trash. Keep crying about Aaron Lewis...bitch. Hope you and everyone you love, rots in hell fucker

David Obey

____________________________________

Subject: You're an idiot

... an old washed up nobody with a stupid blog, big fucking deal you are? You sit there judging people based on your anti-American warped opinion. Who the fuck are you? You couldn't hold a cancel to ANY music industry artist, let alone Aaron Lewis.

Asshole.

Robert Vezirian

____________________________________

Hey fat fuck, if you don't like his song, then don't listen to it.

What is a "music critic" anyway besides a person who has the luxury of listening to music all day and being a lap dog for musicians/singers who bow to him? Try working for a living chubby.

Quite honestly you are nothing more than a bitter, old, pretentious, hypocritical zero. For the record, I've never heard of you until today.

Daniel Kearney
Canton Mi

____________________________________

From: Militia Movement

You demand the cancelation of his song ?? Pretty bold and brave there scooter. We Americans DEMAND the cancelation of liberal scum and worthless little loud mouthed demorats like you. You pieces of shit can spew whatever you like from your mouths it seems and you will defend it till its death but you can't accept it when it's being done by a conservative. Well let me say this , FUCK YOU , FUCK biden , Clinton, Harris pelosi , schummer the jew , nigger bamas , and all the rest of you butt hurt whinny cry baby bitches that have become anti American and are destroying this country. Please feel free to respond if you aren't to fucking coward to.

OUTLAWNATION
Exterminate All democraps and libtards and take America back.

____________________________________

Subject: Leftie Loon

God I love the crying lefty loons like yourself.
Dish it out, but cry the minute you dislike the other side.

A fat bald blogger. Right?

A never wasbeen, that has been attacked all his life and made the choice to lash out at everything and everyone he attacks. It shows.

Your angst and petty shit, you wear it well. With nothing notable but your band of merry malcontents that read your drivel as prose, yet is nothing that will garner you merit as a literary stoic.

So from a white, middle age male, former military asshole, FUCK YOU!

If you don't like it, MOVE! FIND ANOTHER COUNTRY THAT WOULD PUT UP WITH YOUR SHIT! YOU CAN'T, AND YOU WON'T!

YOU DON'T HAVE THE BALLS!

FAT BALDING TUB OF SHIT!

artguy4u2c

____________________________________

Hi, Fat, drunk, and stupid is no way to go through life, Bob.
Thanks
Leroy Achoy

____________________________________

Cry baby.

James manning

____________________________________

Subject: critics

Haha! "The song hurt muh feels tho!" -you, bitch

il ross

____________________________________

Quick to call for someone to be "cancelled" because you disagree with what they are saying is the epitome of free speech.
As much as you might distain the notion of people being able to voice their opinions openly and freely without fear of consequences this is still america and we will fight for our rights to keep this country free
And like the song says
If you don't like it there's the fucking door! God bless the USA

Brigitte Lewis

____________________________________

Subject: bully

Sorry, but you're a hack, Progressive bully who can't stand anyone who disagrees with you. Ever hear of the 1st Amendment…or does it only apply to Leftists?! You apparently hate Aaron Lewis because he stands up to haters and would-be culture cancelers like you. I think you are secretly jealous of him and his abilities and talent.

From the looks of you and your writing, I would say you are a miserable, self-hating loser dating way back to your teenage years. You must have been one of the unpopular geeks wondering how you could exact revenge against those who found you to be creepy and loathsome. You believe in the cancel culture. You probably wish to be the face of it…what a scary thought. I hope you fade away soon into the obscurity you deserve.

Bob Merzoian

____________________________________

Poor baby doesn't like the song. You're in a very minuscule minority. And by the way, no one has ever heard of you.

Paul Paduano

____________________________________

Subject: your mental disorder

Bobby, you typical liberal non-common sense having asshat.. I hope you choke on Aaron Lewis' guitar pick.. YOU ARE THE PROBLEM... YOU ARE NOBODY.. YOUR OPINION MEANS NOTHING.. You don't even have a real job, you NUT CASE.

I hope his song goes to #1 for the next year.. and makes your liberal common sense lacking brain bleed!!!

Bo Yeager

____________________________________

Run "little Fat bald bob." Run mother fucker, you fat fuck.

Yours Truly

A fan of the 1st and 2nd amendment and Aaron Lewis.

He's not the only one!!!!!

Be very careful today!

Billy Hyde

(Note: With a picture of my house from Google Street View attached.)


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Your Favorire Riff-SiriusXM This Week

Tune in today, July 20th, to Volume 106, 7 PM East, 4 PM West.

Phone #: 844-6-VOLUME, 844-686-5863 

Twitter: @lefsetz or @siriusxmvolume/#lefsetzlive

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If you miss the episode, you can hear it on demand on the SiriusXM app: siriusxm.us/LefsetzLive 

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Monday, 19 July 2021

The Sweetness Of Water

https://amzn.to/3xQMMKx

This is a really good book.

It's not the easiest book to read, it doesn't cut like butter, but it's far from difficult. And as good as it starts out, it gets better.

I've never read a book exactly about this era. I mean there must be some, but I don't remember reading one. And as much as "The Underground Railroad" has gotten kudos, and it was good, you'll enjoy "The Sweetness of Water" more. Because you can feel the setting, and it's all about story, the underlying themes/messages, don't eclipse the tale.

So what we've got here is the south just after the north has won the Civil War. The slaves have been freed and the Confederate troops are walking back home and the law is different, but the thinking remains the same. Ergo the conflict.

And it's always outsiders who push the envelope. If you're accepted, if you're popular, your job is to stay that way, you don't want to jeopardize your standing in society. But George never thought that way. His father made the money he's living on, he's a dilettante, and he's not open with his feelings, but he rises to the occasion. That's the measure of character, when something is on the line, when it means something, do you do the right thing?

So what we've got is freed slaves who are not really free. They may not be beholden to their masters anymore, living on their property, then again the masters believe they should be, they treat the freed people who've absconded as traitors who must come back to them or be ostracized.

So you're free, you can finally pursue your dreams, but you have no means, no shelter, no money, no food.

And everybody's got an agenda and everybody's in everybody's else's pocket/business. No one is independent, they're all tied up with those in power. Which means change can't happen, but it has. Then again, you read "The Sweetness of Water" and even though it's a hundred and fifty years later, you can still see the similarities, the prejudices.

I'm loath to tell you any of the plot because that's the heart of the book, what makes it so good. There are surprises. Not illogical, but in some cases totally unforeseen. And there are many stories. There are main characters, but the peripheral ones are fleshed out too.

So can you beat the system?

Be sure, they don't want you to. And that's the case whether it's human rights or just going against the grain in business. People are entrenched in their feelings, they make them feel better about themselves, and they're often tied into their economic worth so...

And it's all about appearances.

Will you be riveted instantly?

No, but you'll have no desire to put "The Sweetness of Water" down. You'll be interested, and then about twenty percent in you'll be hooked and about halfway through you'll be riveted, you'll want to know what happens. But unlike lowbrow stuff it isn't only about what happens, the feelings, the emotions, the questions are right there hitting you in the heart and groin. "The Sweetness of Water" is not just a screenplay, but it would make an excellent movie. Then again, they don't make movies like this anymore, that are about regular people, not superheroes.

"The Sweetness of Water" could be the new "Color Purple," but that was thirty five years ago. And shooting something like this...too often filmmakers get the images right, but ultimately lose the feel/the story. Spielberg did a great job with "The Color Purple," but few can balance a wide canvas and gravitas. Then again, "The Sweetness of Water" would work on a small canvas, not only as a TV series, but one that is more about the characters than the images.

And I mention "The Color Purple" because it was Oprah's breakthrough (no last name necessary, right?) And "The Sweetness of Water" is an Oprah's Book Club pick. Oprah started the paradigm, of mass book clubs. They've been diluted, but Oprah never picks a loser. And "The Sweetness of Water" is a winner.

And I mention a visual version because so few people read. And when it comes to fiction, too many men don't, read it that is, they need nonfiction, business books, biographies. But you'll learn more about people reading "The Sweetness of Water." It demonstrates how our country was broken back then and is still broken today. Not that it's a polemic.

Get it. Start it late at night, or on a rainy day. When it's quiet, with no distractions. "The Sweetness of Water" is not a beach read, it's a tunnel into a different era, you want no distractions as you go inside. You'll dig it.

P.S. If only we had an Oprah in the music world.


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Schmigadoon!

Trailer: https://bit.ly/3zdOUML

This show is so whacked that you've got to watch the two available episodes just to marvel at the creativity. In a world where everybody just repeats what everybody else does, I've never seen a show quite like this.

Cecily Strong and Keegan-Michael Key are doctors who go on a retreat to improve their relationship and end up in a musical. With all the musical tropes. There's no effort to make it appear like reality, that's just the point, musicals never are real, I mean who walks down the street and bursts into song?

As for the songs... They're all brand new and creative...the lyrics trump the melodies, but there are melodies and the words all have meaning and it's a trip back to the fifties and sixties when music was about musicals and if you couldn't sing it, they didn't write and record it.

So, Cecily and Keegan-Michael are alternately wowed and horrified/terrified by the musical they've found themselves inside of. Are these people for real? And what about their agendas? Kristin Chenoweth, the preacher's wife, has banned most of the books from the library and is against living in sin so this couple who've been together for years can't sleep together.

And there's the bad boy Danny Bailey.

And the mayor, Alan Cumming, who is brilliant, who must spread love and happiness but isn't always up to being gay, but Cecily wonders, is he gay? And Martin Short plays a leprechaun and...should you really listen to leprechauns?

So, Key is trying to figure out the game whereas Cecily just wants to play along and they can't escape and...

You're sitting there howling!

It's kind of like a Christopher Guest mockumentary, but not really. Because the two main characters aren't buying it. And the people involved are not delusional. You're not laughing at them so much as the ridiculous situations.

Now this show is hobbled by being on Apple TV+. In that they're dribbling out episodes once a week, which is a flawed strategy. Read Rich Greenfield's take on addiction: https://bit.ly/2UrSbtd

Bottom line, Apple would be better off releasing "Ted Lasso" all at one time. But the people in control at the Cupertino giant, or the Hollywood drones they've hired, are so mired in old school thinking that they don't understand how it works today.

So, will I watch "Ted Lasso" week by week or wait until it's all over so I can binge?

I'm leaning towards the latter, at least I'll be able to remember what happens from episode to episode.

This also means I can't vouch for the entire "Schmigadoon!" series because not only have I only seen two episodes, but I must say the second episode wasn't quite up to the first.

Too many of the reviews didn't get the show. They were taking it too seriously. They were busy analyzing it on a macro level whereas it's on a micro level that it succeeds. Some things are so ridiculous, such spot-on parodies of regular musicals, that you split your sides. And that's what we're looking for in comedies, not perfection, but the ability to crack us up on a regular basis enough to make the time worthwhile.

Really, "Schmigadoon!" reminds me of the sixties, when everything was up for grabs, and praise was heaped on those who broke the construct, who engaged their wildest imaginations and blew our minds. Same deal in music. But this was all before big money was involved. Hell, today's story about Ackman and Universal is bigger than any of the music on the label. It's about creativity. I have no idea what it took to green light this project, but I hope the creative team didn't have to jump through too many hoops. You've got to give creative people the cash and let them go. If you demand demos, proof, you take the air out of the project. You've got to be in a crazy place to create something like "Schmigadoon!," and if you're paying for it your goal is to eliminate all distractions and let people go, because then you might end up with something as crazy and deranged yet infectious as "Schmigadoon!"


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To The Moon

"'To The Moon" - How did a bunch of amateurs take Wall Street by surprise? Our five-part podcast series goes inside the GameStop saga.": https://on.wsj.com/2UqbCCJ

They didn't see it coming.

This is not only about Wall Street, but America in general. We no longer live in one cohesive country where anybody, never mind everybody, can know what is going on, and it's not only in politics, but in every business/walk of life. Look at the music business, it thought it conquered the internet with the authorization of Spotify, et al, and then TikTok came along, never mind the additional platforms being sued for rights on a regular basis. Bottom line? There are more ways of consuming music than just listening passively on a linear basis to recordings via a traditional distributor. Opportunities abound.

And music was the canary in the coal mine for digital disruption. Because people wanted the product and files were small. Other media? They still haven't figured it out. Hollywood doesn't know whether to release films simultaneously on the flat screen, and there are a plethora of streaming outlets/platforms/companies, whereas you can get everything from one company for one low price in music. As for news? They keep bitching about the death of local newspapers while the three big kahunas, the NYT, WaPo and WSJ, get ever bigger. What did Jeff Bezos say? You don't want to bet against the future, because the future always wins.

And the new future is always more power in the hands of individuals. And an inability to control them, never mind not knowing about their actions until way too late.

So the bottom line is Robinhood made trading free. It didn't used to be, but all the other brokers had to fall in line, to compete. You used to have to pay for every trade. And Robinhood made trading easy, you could comprehend and execute on their simple platform with essentially no learning curve. Was there a cost to this? Of course! You got people with little money making insane bets and putting their savings at risk, when everybody knows Wall Street is a controlled game played by experts. But then the punters organized on Reddit's wallstreetbets and rewrote the rules, based on organization and a different set of principles.

How often do you think a Wall Street trader goes on Reddit? I'd argue NEVER! Therefore they had no idea what was going on. And when GameStop started to go up... The analysts who follow the stock couldn't understand it, it made no sense, according to the rules. But a mob of retail investors, who are ignored by most because each has so little to invest, turned the Street on its head.

They organized and stuck together. You wanted to have "Diamond Hands." If you sold out and took your winnings you were excoriated. This was not only about investing, but being a member of a club, and the power was in the mass, so you had to stick with the group. Therefore, stock valuations went wild and the Street had to compensate. But in the process a hedge fund shorting GameStop had to get an infusion of billions to stay alive.

And the platforms, Robinhood has a competitor, Webull, broke the system, there was so much money involved that their intermediaries, who actually traded the stock, didn't have enough cash to cover/protect themselves and trading had to be halted. Robinhood didn't have enough assets! And therefore you couldn't purchase GameStop stock and it crashed.

I followed this story pretty closely, but this podcast does a great job of putting it all in context. It's an easy listen, and also a fascinating one. It's only five half hour episodes and it's anything but dry. And despite being a "Wall Street Journal" podcast, it's available on all platforms.

Everything's the same today, politics, business, real life. Everyone has blind spots, but these blind spots can come back and bite you in the ass. If you're looking backward you're going to be disrupted. If you're living in the present you're going to be disrupted. You must always scour the landscape, taking the temperature of the future, because there's someone somewhere who wants to change your business. It's your job to recognize it. And we've learned in the last twenty years you never try to kill it, you try to co-opt it, buy it, improve it, supersede it.

This is today.


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