A few years ago, Costco redesigned the shape of its milk containers. The spout was larger and the container taller and skinnier, giving it a more cylindrical shape. They told customers the new shape allowed for easier, more efficient stocking and delivery, and was thus cost-effective. They could sell milk cheaper and with a better …
Tag: value
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May 17
Accurate Appraisal
A Picasso painting just sold for 179 million dollars.² This is the highest sell price of any painting. The painting was painted in 1955. It features nude courtesans and is in his signature cubist style. It is not something I would even allow on my house walls but it sold for 179 million. The Patriots …
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Mar 20
What Do We Really Value?
“Ichabod” Now that is a name for you! You likely thought of the character Ichabod Crane in the fictional classic “The Legend of Sleepy Hallow” by Washington Irving. He was a skinny schoolteacher who loved to gorge himself on food and was excessively superstitious. Yet the name is actually a Biblical name. It is only …
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