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8 comments — written on September 15th, 2006

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…

Death to the 6 percent. This is cool. Why should you pay 6% to sell a house? Check for a future article on how excited I am to see stodgy old industries (like real estate) being disintermediated by new thinking and technologies.
Men, women…and money.
Someone’s comment about IWillTeachYouToBeRich that made me laugh. Also, note the response. There’s no evil conspiracy behind why this damn blog is all 1 page. I just didn’t set up archives from the beginning and I’m not sure how to do it right now. Don’t worry, it’s on my to-do list.
Visa counsels Durham students on finance. Well, it’s a good start.
Mickey D’s McMakeover. I wonder if some BusinessWeek editor was really proud when they thought of this title. Anyway, with this huge change coming, will you bet for or against their stock? Everyone loves to pick winners retrospectively (”I KNEW oil was going up!!”), so I’d love to see less Monday-morning quarterbacking and more predictive moves.

Stay tuned for Friday Entrepreneurs later today.

8 comments

Leave your own

1

September 15, 2006
Jay Bryner

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.
2

September 15, 2006
Ramit Sethi

Jay, would you be willing to bet on that quick analysis by investing in McDonald’s? (Edit: added “on that quick analysis.”)
3

September 15, 2006
Isabel

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.
4

September 15, 2006
Isabel

As for the Visa counseling, isn’t that like a drug dealer telling kids “Don’t do drugs?”
5

September 15, 2006
Innovation Zen

Not sure if that move alone will be enough to revert the trend…
6

September 15, 2006
Jonathan

Ramit, I heard that sometimes you work, and sometimes you get paid for that work…

… you greedy bastard!!
7

September 18, 2006
debt-free

Thats a good analogy, Isabel. But always like to think of it as letting the fox in the hen house. Monumental stupidity.
8

February 13, 2007
jay bryner

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.