Did not see this one coming! The Angelos family agreed to sell the Baltimore Orioles to two private equity billionaires for $1.725 billion. Glad for Orioles fans who are finally freed from Peter Angelos and his family. He was so bad that he actually made people happy about having billionaires as owners... Love the Mark Knopfler song Boom Like That about Ray Kroc. While it is true that Kroc did buy out the McDonald's bothers and forced them to change the name of the original restaurant (they changed it to the Big M). It was not true that he opened a McDonald's restaurant to drive them out of business - it wasn't across the street but a block away... Business idea: a hedge fund that only sells short on companies that rely primarily on union labor… Microsoft increased revenue 17.6% year over year and now they get both the revenue from Activision Blizzard and the growth of people using Chat GPT... Orioles royalty Cal Ripken Jr. is also part of the new ownership group buying the Baltimore franchise. This is like getting a blessing from the king… One of secrets to McDonald's early franchising is that Kroc treated his suppliers well and did not try to exploit them. At the same time he only charged early franchisees $80,000 and favored those whose success in life depended on them putting their heart and soul into their store... Reminder that for many European countries it only took a single generation to switch from a pagan way of life to Christianity So too Venezuela only took a single generation to go from one of the richest nations in South America to a socialist hellhole. Don’t be surprised at how quickly these things can happen and don’t let your guard down… Only one more NFL game before people turn their attention to college basketball and March Madness. I haven't watched a single college basketball game yet this season... The early McDonald's made their money from the franchise fees and by charging a 1.9% fee on sales. It wasn't onerous but it added up. Today McDonald's is considered a real estate company by many... Went to see the movie The Beekeeper last night and enjoyed it. It was an action move through and through and if you know that going in - it makes for a good experience. I recommend it… Did not know this! It has been written that to the day he died Ray Kroc hated Franklin Roosevelt because of Social Security...
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