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August 1, 2009
Geocaching
We took the girls geocaching today for the first time. Jennifer and I had actually found one before by accident. We were playing around in Alderfer/Three Sisters Park and stumbled across one by accident. So, I'd sort of always wanted to do it and we decided to go find some today. It was actually pretty fun. We found two so far.
But then, on the way back, we got into it about the furniture store in Indian Hills,Co named ""Tesoro" (Tosoro?) In any event, there used to be this real high-end furniture store in Indian Hills which is just the middle of nowhere. I mean, this store might have made it in Aspen or in Breckenridge, but not in Indian Hills. So, in any event, the place when under. It folded and closed. So she's trying to explain to me that Tesoro was making money hand over fist, but we drive by the building and it's just shuttered. Like vacant. Abandoned. As, in...they're not selling peanut brittle there. Not a gas station. Not an IHOP. Not a girl scout camp. Nothing.
So, I try to explain to her that a business is generally worth 20X their annual profit, so if they were making $100K a year, the business would be worth a cool 2 mill. But she wasn't having any of it. The place was making money hand over fist and they shut it down for no reason and moved away.
This stuff kills me. They should teach Economics 101 from kindergarten on up. Then we wouldn't be having these conversations.
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Posted by Rob Kiser on August 1, 2009 at 6:46 PM
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Comments
"They should teach Economics 101 from kindergarten on up."
See Free to Choose.
Posted by: anonymous on August 2, 2009 at 7:52 AM