Last week on my favorite morning show, the Elvis Duran Show, Shark Tank star Barbara Corcoran stopped by the studio. I'm a huge fan of Shark Tank which shows that the American Dream is alive and well. People come up with such innovative ideas and the show is able to take them to another level thanks to the platform and of course the sharks. Here are a few of my favorite quotes from her visit.
Last October, I realized that I may be hitting the age where I have to be more thoughtful about my eating habits. My pants were getting tighter by the day and the scale showed me a number that was the highest I had ever seen. That was my wake up call. I certainly didn't want to have to buy new pants that actually fit correctly. Immediately I started to eat less carbs and more veggies. Then in January, my friend Amy Crowson of Lovebugfitness was having a free clean eating challenge. It was a great way to take my clean eating to another level and have the support of other people on the same journey - check our her 10 day challenge if you are looking to kick off the healthy lifestyle that you deserve.
While it is easy to eat well at home, I have always found it to be more diffidult when eating out. Even in NYC where there are so many restaurants, if you want a healthy option, then you are often limited to uninspired salads from a deli and don't make the mistake of putting salad dressing on a McDonald's salad which makes it worse than a double Big Mac. No joke.
This led me to the discovery of Eatsa. When you walk by, you are immediately wondering what the place actually is. There are no cashiers and no visible employees. It is something I would expect from a modern Japanese quick serve even though I have never been to Japan. I was happy to discover that it is a vegetarian fast casual eatery.
Yesterday on Bloomberg, Barry Ritholtz posed the question "The Trump news flow is overwhelming. What should we do?
With over a 1.37 billion people, Chinese spent more than half a trillion dollars eating out in 2016. In a recent report, Dianping Meituan, which offers food-ordering and delivery services, estimates the country spent 3.5 trillion yuan ($507 billion) dining out in 2016. This number eclipses the GDP of Sweden ($496 billion), Belgium ($455 billion), Norway ($387 billion) and many other countries.
Another interesting fact from the report is that the country's favorite meal out is hot pot with roughly 22% market share. For those not familiar with hot pot, it consists of a simmering metal pot of stock at the center of a dining table. While the pot is kept simmering, it is basically a do it yourself meal as you cook your favorite meats, seafood, veggies, dumpling and noodles. The cooked food is usually eaten with a dipping sauce.
This morning on the way to work, I was listening to the Todd and Jayde morning show. One of members of the show, Annie, talked about how she believes that she was a victim of debit card skimming at a gas station. The result was that someone tried to steal $500 from her account and she couldn't access any of her accounts online until the bank finishes investigating her case. Listening to the story, I had to look into the issue further myself and my conclusion is that you should NEVER use your debit card at a gas station. Do it the old fashioned way if you want that cash price, you have to use real cash over the debit card. Here's why.
Last Wednesday, Convergex's Chief Strategist Nick Colas pondered on this question, "What would US stocks do if President Trump resigned?"
Last year I read the book Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future. If you don't know about Elon Musk, I highly recommend the book which takes you from his childhood to today. It is a captivating story of arguably the most successful entrepreneur of his time for his transformation of the automotive and aerospace industries. Last year when Tesla announced that it would buy SolarCity which was highly indebted and burning cash; many analysts questioned the deal. But if you know Elon Musk (even just from the book), you would know never to bet against him. His ambition is inspiring. He wants to fuel the world with clean energy to save the planet; but if he fails, his escape plan is to send us to Mars (seriously). The vision Musk describes with the solar roof is the grand unification of Tesla's clean-energy ambitions, combining solar power, batteries, and electric cars. "
At the recent Berkshire Hathaway shareholder meeting in Omaha, vice chairman Charlie Munger said that he thinks that stock market investors may be able to find better investment opportunities in China. He said, "I do think the Chinese stock market is cheaper than the American stock market. And I do think China has a bright future."
While many of us in America look to Silicon Valley for innovation, perhaps we need to look even further west as China's e-commerce giant JD.com is leading the way in drone delivery. The company has already delivered packages via drone and last month announced plans to build 150 drone launch facilities for unmanned aerial vehicle delivery (UAV) parcel delivery. They have already secured government approval (which Amazon has had trouble with in the US) in select provinces in China to make deliveries.
Whenever markets reach new highs, it is inevitable that people begin to ponder if this is a top or even worse, a bubble. This led the WSJ to ask famed investor Jeremy Grantham point blank, "Is the US market in a bubble or is it different this time?" His response is certainly worth a few minutes of your time.
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