A blog on personal finance (banking, saving, budgeting and investing) and personal entrepreneurship.
September 15 8 Comments latest by jay bryner
I’ve been moving to a new place, so posting has been light this week. But check out the 60+ comments on my post about spending money strategically and not being cheap. According to the commenters, I am right/wrong/eloquent/unqualified, and more. Also, one person accused me of being a greedy bastard, which made me laugh. Anyway, the best comments are where people write about what valuable things they decided to spend on this week. There are already some amazing results.
Also, a few interesting links I’ve been reading…
Stay tuned for Friday Entrepreneurs later today.
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I'm a recent graduate of Stanford, where I studied technology and psychology. Now I'm the co-founder & VP of Marketing for PBwiki, a wiki startup in Silicon Valley.
I speak at companies and schools on personal finance and entrepreneurship.
Invite me to yours.I'm thrilled to announce that I've signed a book deal with Workman Publishing for the I Will Teach You To Be Rich book.
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Jay Bryner
September 15th, 2006
I'll go ahead and bet that this move is going to be very good for McDonalds over the next 5 - 10 years. The big names in fast food have been in gridlock over the last few years with no dramatic gains either way. I still like Wendy's food the best for a national chain anyway. In-n-Out Burger is great, and Chick Fil A's taste can't be beat. But on a national scale this move to remodel and give McDonalds a fresh new look is very necessary.
Again. I'm betting it will do good things for McDonalds.
Ramit Sethi
September 15th, 2006
Jay, would you be willing to bet on that quick analysis by investing in McDonald's? (Edit: added "on that quick analysis.")
Isabel
September 15th, 2006
I'm from Chicago and have seen the prototype in Oakbrook(HQfor McD's) and it's great. It has more of a starbucky feel to it. The good thing about the decor is that it might make people forget that the food is crap and buy more or even hang out. So would I buy. Yep, but that's more b/c here in Chicago the lunch and dinner lines to McD's are always long.
Isabel
September 15th, 2006
As for the Visa counseling, isn't that like a drug dealer telling kids "Don't do drugs?"
Innovation Zen
September 15th, 2006
Not sure if that move alone will be enough to revert the trend...
Jonathan
September 15th, 2006
Ramit, I heard that sometimes you work, and sometimes you get paid for that work...
... you greedy bastard!!
debt-free
September 18th, 2006
Thats a good analogy, Isabel. But always like to think of it as letting the fox in the hen house. Monumental stupidity.
jay bryner
February 13th, 2007
Follow up. I know this post was ages ago. Yes I did bet on McDonalds stock based on that analysis. I would still give it a buy rating. They're doing good things with their image, compared to the other big chains.