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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (70706)7/20/2022 8:35:33 PM
From: Eric Bramble1 Recommendation

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petal

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I worked for a company that partnered up with a minority bank, and part of my job was to work at the bank.
Being the only white guy that I could see in a black inner city community certainly got me out of my comfort zone. And gave me a different and better perspective on life.

Was it the overall environment that made you uncomfortable, or being white made it harder to interact with customers/employees?

Clothing and who buys what and who doesn't buy -- that fascinates me. There are so many factors - societal, class differences, male/female, age. I've an opinion that in certain groups "looking good" "looking at least somewhat fashionable", not looking like a poor schlump - that is important. And thus worth spending money on. On another side, I see Nordstrom being recommended in this week's Barron's, and the comments thereto seem to be akin to "overpriced, who cares, would never shop there, etc,". This I assume from white, middle/upper middle class male readers of the mag. Fashion is unimportant or irrelevant. Oh well, just saying. (I have JWN stock as well - Nordstrom Rack always busy when I go there. Also sneaker/athletic shoe stocks.)

This is also interesting to me! These things are so nuanced that its difficult to know what and why specific things are popular. Charlie Munger's Psychology of Human Misjudgement video + the book Influence The Psychology of Persuasion provide good insights in psychology.

When I was in school the blackberry phone was worth dying for, then it completely disappeared. Same with social media apps, Vine was king, now it's gone. Really highlights the amount of power "Social media influencers" have IMO.

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