Newsletter Archive
Issues older than 90 days

Available Issues

When Good Enough is Fine
Issue #497A, November 22, 2017

Stocks vs Real Estate: Asset Allocation. Part I of II
Issue #497, November 20, 2017

The Saudi Arrests and the Perils of Foreign Investing
Issue #496, November 13, 2017

Gambling and Las Vegas
Issue #495, November 06, 2017

Some Tips on Auto Insurance
Issue #494, October 31, 2017

Bitcoin and the Digital (Crypto) Currencies
Issue #493, October 23, 2017

The Coming Bear Market: Part II How to Prepare
Issue #492, October 16, 2017

Some Observations on Cemeteries
Issue #Interim Bulletin #491A, October 12, 2017

The Coming Bear Market: Part I: The Myth of Buy and Hold Forever
Issue #491, October 09, 2017

The Market makes New Highs
Issue #490, October 02, 2017

The Importance of a New High
Issue #489, September 25, 2017

A Little Insurance: Wealth, War and Wisdom
Issue #488, September 18, 2017

Some Observations
Issue #487, September 11, 2017

How to be Successful in Your Career
Issue #486A, September 07, 2017

How NOT to Buy a Home
Issue #486, September 04, 2017

This Week in the Market
Issue #485, August 28, 2017

Is the “Trump Bump” Running Out of Gas?
Issue #484, August 21, 2017

Gold is on the Move
Issue #483, August 14, 2017

The Importance of Estimation
Issue #482, August 07, 2017

Buying Art and Collecting: Part II of II
Issue #481, July 31, 2017

Buying Art and Collecting in General, Part I of II
Issue #480, July 24, 2017

Physicians need to be More Forceful: Follow-up
Issue #479, July 17, 2017

Physicians need to be More Forceful
Issue #478, July 10, 2017

Your First “Real” Investment
Issue #477, July 03, 2017

Leasing a Watch: Don’t
Issue #476, June 26, 2017

The Importance of Your Children having a Job
Issue #475, June 16, 2017

The Problem with Medical Student Debt is—the Med Schools
Issue #474, June 12, 2017

Critters and Varmints in your Home and Yard
Issue #473A, June 07, 2017

Leveraged ETFs
Issue #472, May 29, 2017

Leasing a Vehicle: Don’t!
Issue #471, May 22, 2017

Issue #470, May 15, 2017

More on Buying Jewelry
Issue #469, May 08, 2017

Buying Jewelry: Gold, Diamonds and Pearls
Issue #468, April 30, 2017

Thomas Sowell: Part III of III
Issue #467, April 24, 2017

Thomas Sowell: Pat II of III
Issue #466, April 17, 2017

Live Close to Where You Work
Issue #465, April 10, 2017

Medtronic in Hospital Management
Issue #Interim Bulletin #464A, April 07, 2017

Thomas Sowell: Part I of II
Issue #464, April 03, 2017

A Political Contribution a an Investment: Part II of II
Issue #463, March 27, 2017

A Political Contribution as an Investment: Part I of II
Issue #462, March 20, 2017

Buffett Selling Vacation Home
Issue #461, March 13, 2017

Advanced Placement (AP) ourses
Issue #460, March 06, 2017

The Importance of a Credit History
Issue #459A, March 02, 2017

A Credit Card Scam
Issue #459, February 27, 2017

The Electronic Health Reord
Issue #458, February 20, 2017

Issue #457, February 13, 2017

Platinum and Palladium
Issue #456, February 06, 2017

Economic Outlook for 2017: Part II of II
Issue #455A, February 02, 2017

Economic Outlook for 2017: Part I of II
Issue #455, January 30, 2017

A Story From Vegas
Issue #454A, January 25, 2017

Land Donation Deals and the IRS
Issue #454, January 23, 2017

The Theory of Gambler’s Ruin
Issue #453, January 16, 2017

Student Loans: But Wait, There’s More!
Issue #452, January 13, 2017

A Second Home
Issue #Interim Bulletin #451A, January 04, 2017

The Consumer Confidence Index
Issue #451, January 02, 2017

Social Security
Issue #450, December 26, 2016

My Outlook for 2017: Part II of II
Issue #449, December 19, 2016

My Outlook for 2017: The Market
Issue #448, December 12, 2016

Medicine in 20 Years
Issue #447, December 05, 2016

Higher Interest Rates
Issue #446, November 28, 2016

Trump and the Markets: The Bad and Ugly
Issue #445A, November 23, 2016

Trump and the Markets: The Good
Issue #445, November 21, 2016

Negative Trends: The Suits aren’t Makin’ Steel
Issue #444, November 16, 2016

The New DOJ Fiduciary Rule
Issue #443, November 07, 2016

Barron’s Conference, Part IV of IV
Issue #442, October 31, 2016

Barron’s Conference, Part III of IV
Issue #Interim Bulletin #441A, October 26, 2016

Barron’s Conference, Part II of IV
Issue #441, October 24, 2016

Barron’s Conference, Part I of IV
Issue #440, October 20, 2016

This Newsletter
Issue #439A, October 12, 2016

Memoirs of US Grant: Vol II
Issue #439, October 10, 2016

More Points on Collecting, Investing and the Economy
Issue #Interim Bulletin #438A, October 05, 2016

Personal Memoirs of US Grant
Issue #438, October 03, 2016

Ideas for a High School Part-Time Job
Issue #Interim Bulletin #437A, September 29, 2016

Collecting, Investing, and the Economy
Issue #437, September 26, 2016

Free College
Issue #436A, September 22, 2016

A Military Commitment to Pay for Med School
Issue #436, September 19, 2016

When a CD isn’t a CD
Issue #435, September 12, 2016

I Made a Mistake
Issue #Interim Bulletin #434A, September 07, 2016

What is Your Spare Time Worth?
Issue #434, September 05, 2016

Credit Cards and Bonus/Loyalty Points
Issue #433, August 29, 2016

The Write-off of Student Loans
Issue #Interim Bulletin #432A, August 25, 2016

412 Retirement Plans
Issue #432, August 22, 2016

Join the Club
Issue #Interim Bulletin #431A, August 18, 2016

The Case for Precious Metals and Hard Assets
Issue #431, August 15, 2016

When the US went off the Silver Standard
Issue #430, August 08, 2016

Why NOT to Open a Restaurant
Issue #429, August 01, 2016

Some Tips on Life Insurance
Issue #428, July 25, 2016

More Observations on Negative Interest Rates
Issue #427, July 18, 2016

Issue #426, July 11, 2016

Is a PhD Worth It? Part II of II
Issue #425, July 04, 2016

Is a PhD Worth It? Part I of II
Issue #424, June 27, 2016

Avoid Part-time real Estate Agents
Issue #423, June 20, 2016

Issue #422, June 13, 2016

The Problem with Auction Reserves
Issue #421, June 06, 2016

Make Full Use of Your Capital Investments
Issue #420, May 30, 2016

The Fed’s Announcement
Issue #419, May 23, 2016

Quit While You’re Ahead: A True Story
Issue #418, May 16, 2016

The Precious Metals
Issue #417, May 09, 2016

Negative Secular Trends: Part Ii of II
Issue #416, May 02, 2016

Negative Secular Trends: Part I of II
Issue #415, April 25, 2016


By Robert M. Doroghazi, M.D., F.A.C.C.

How to be Successful in Your Career

Issue #486A, September 07, 2017

    This doesn’t rate a whole newsletter, but it makes an important point. It’s completely anecdotal, but that’s my intention: people remember stories much better than statistics or dry facts.
    On June 2, 1967, I started my high school job at Graham’s Book Store in Granite City, IL Starting wage $1.59 ½ per hour. When I left in September, 1969, to start at the U. of Illinois, Champaign-Urbana, I was making $2.23 per hour. Graham’s actually sold everything but books. Office supplies were the main product, but we had newspapers, magazines, the smokes, the Racing Form, toys, American Express money orders, photographic supplies, cameras, film (Kodak 127 for the Brownie camera, 107 (B&W) and 108 (color) for Polaroid), TV tube replacements, and sporting goods (baseball gloves, wooden bats, and Converse tennis shoes (red shoe laces were 10 cents extra). We had model airplanes and the glue. Mr. Graham was also far ahead of his time: we were open 365 days a year, and sold postage stamps at face value just to get people in the store.
    My first week. We sold Hallmark cards. A sample of the card was on display on a shelf in plastic sleeves with numbers. The cards were in drawers below. A lady wanted a card (I remember the number: 1601). I couldn’t find it in the drawer, and she left. Mr. Graham came over. “Bob, what did she want”? I showed him, and said we didn’t have the card. He looked in the drawer and it was right there. He said
“Bob, never let anybody leave the store when we have what they want”.
    I must admit: more than a half century later, Mr. Graham telling me that still sends shivers down (or is it up, or up and down?) my spine.
    Several weeks ago I went to a shoe store at an outlet mall at the Lake of the Ozarks. RMD: “I need some 30 inch waxed shoe laces (for shoes he knows I bought there)”. Man: looks in their shoe lace box. “We don’t have any”. RMD: “Can you order them?” Man: “I can’t. We get the shoe laces that we get. You can order them on-line”. RMD: “Can you order them to be sent to my home, and I’ll pay you now”? Man: “We can’t do that”. RMD: “Why don’t you take the shoe laces from shoes you have, sell them to me, and order replacements”? Man: “I can’t do that”
    RMD comment: The whole time I’m thinking of Mr. Graham. This man let me leave the store without something they had that I wanted. People don’t want excuses, they want service. Sometimes you have to get creative (Mr. Graham would have taken the shoe laces out of his own shoes and just given them to the customer, or told the man to come back in 30 minutes, and sent one of us to the nearest shoe store to buy laces, just to keep good relations).
    Do you want to be the most successful Doctor, the most successful lawyer, the most successful retailer, the most successful person in town?
People don’t want excuses.
When they ask you for help, help them.
    Graham’s closed at 9 PM (6 PM on Sunday). At the end of every day, Mr. Graham would put the cash generated for the day into a bank deposit bag, and one of the part-time workers (like me) would drive 2 blocks, stop at the curb, walk 10 feet, and drop the bag into the night deposit box at the bank. This was the late 60s: these bags typically had $1,000-2,000 or more, depending on how many American Express Money Orders we sold (that would be at least $10,000 now). Looking back, I’m amazed we never got stuck up. 

Site by Delta Systems powered by ExpressionEngine