GolfInvestors Blog

The GolfInvestors Blog is dedicated to thoughts revolving around GolfInvestors...with some rambling allowed.
Readers encouraged to post comments about any specific blog entry.

Friday, November 24, 2006

Who is going to read 75 pages?

I was doing some research recently on SEC documents and guidelines (which I do constantly with the SEC stuff). I was at the point of my research where I was reading another actual FORM SB-2 filing (an offering prospectus filing). The filing was 75 pages for a simply company: Spicy Pickle Franchising, Inc. I came to the conclusion that most investors are not going to read 75 pages of boring text.

My realization came in the form of:

    "Wow!....not many people are going to read 75 pages in detail. They might skim, but not in detail."

In relating this to GolfInvestors:

  • If have industry-specific stock markets, would not need such a long document.
  • Also have industry-specific accounting rules
  • Also with an accounting system tied to the market such that one could require a company to plug into the accounting system 6-months to 1-year before doing an offering.

Monday, November 20, 2006

What is a blog?

To get over the hype, let's tell it the way it is....what is a blog really?...

    'In it's basic format, a blog is a person's journal that is made public.'

....it is just that simple. So when someone mentions 'blog' to you, just think journal.

Sunday, November 19, 2006

Higher purses do not bring a sustainable fan crowd

More and more, tours are trying to get more fans interested in golf by making the purses higher. However, in my opinion, higher purses / pay outs will not attract more fans to watch golf. It might bring a one time spike in the number of fans watching one event. But it will not provide a sustainable growth in the fans.

The LPGA just staged the ADT Championship where the winner won $1,000,000. That did not increase the number of fans that watched the event this year or next year. What it did was put more money in the pocket of the winner, who was rookie Julieta Granada.

Fans need to get more INVOLVED in tournament golf before they will watch golf tournaments on a regular basis. For example, if 25% of Granada's earnings were distributed to a number of fans that had invested in Granada based upon their purchase of a ticket to attend the event. So if a patron purchased a ticket to attend the tournament for the week for $200, they also select which player they want to put their 1 share of ownership in. This means the fans share in the earnings of the players they are watching.

This concept is similar to what GolfInvestors is all about. The concept is a partial schema of what GolfInvestors is. However, unlike this suggested concept, Gi is a true equity market.

Thursday, November 09, 2006

Teaching: Never be in a hurry and teach student by student

In this day and age of faster and more is better, along with everything is monetarized and commercialized, teaching has followed suit sadly.

Teaching should not be about how many students we can run through the system. Teaching should be taken student by student. Teach should not have students lumped together and comparing one student to another student.

Teaching should not be about going as fast as you can. A teacher should not be in a hurry to explain and teach students. A teacher should be willing to take the necessary time to teach 1 student at a time, and breath as much air as needed to explain something. Do not try to put the entire subject that is being taught into one syllable.

Teaching: Understand the complexity; teach simplisticly

When teaching something, it is always best to understand the subject you are teaching in depth. Sometimes that subject matter could be simple. Then other times that subject matter could be complex. However, when teaching the subject matter ALWAYS explain it in simple terms. Then let the student have the initiative to make it complex after they have understand the simple explanation of the subject matter.

Quarterly reports becoming extinct

I just read a short article on ZDNET called "Goodbye quarterly reports?" http://news.zdnet.com/2100-9588_22-6133926.html It talks about how some of the big accounting firms are now backing the method of eliminating quarterly reporting and going to real-time reporting because of the Internet age allows it. This is something that GolfInvestors has been pushing for the past 5-6 years. It is nice to see some of the big boys backing the idea now.