Like a bottle of wine or a promising college quarterback turning pro, C.E.O.'s are similar to what economists call experience goods: you commit to a price long before you know if they're worth it.
Markets work well with goods that economists call private goods.
I like how wine continues to evolve, like if I opened a bottle of wine today it would taste different than if I'd opened it on any other day, because a bottle of wine is actually alive. And it's constantly evolving and gaining complexity.
There are a lot of guys who play in pro-style offenses who are not prepared when they come out of college. Either you're coaching the quarterback to be a quarterback, or you're not.
This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in a while somebody will buy a 50-year-old bottle of wine and say, "Wait a minute. This has gone bad." The answer is, "Well, that wine isn't for drinking; that's for trading." These $100 bills aren't meant to circulate. They're not to spend on goods and services. They're a store of value. They're a form of saving.
In the early '90s, my parents weren't really drinking wine. They had a bottle or two laying around, but it had been a stigma where a bottle of wine had to be for a super special occasion. A bottle of wine had to go with a steak. And it was this thing that seemed so distant.
No need for confusion, my dear Mulgrave... Beautiful wine and sour vinegar come from exactly the same source. Curiously if one leaves a bottle of wine open for long enough it will become vinegar. Happily in this house wine never survives long enough to go bad.
As much as I'd like to think I'm an expert in quarterbacks I'm probably not. But, I think college quarterbacks are put in positions where they have to do a lot of the things that are done at the professional level. The collegiate quarterback probably does on average a little more running than a pro quarterback. But outside of that, I think they're faced with some of the same difficult decisions and choices.
Only in America can you be Pro-Death Penalty, Pro-War, Pro-Unmanned Drone Bombs, Pro-Nuclear Weapons, Pro-Guns, Pro-Torture, Pro-Land Mines, AND still call yourself 'Pro-Life.'
Now let you and me buy wine today! Why say we have not the price? My horse spotted with five flowers, My fur-coat worth a thousand pieces of gold, These I will take out, and call my boy To barter them for sweet wine. And with you twain, let me forget The sorrow of ten thousand ages!
I drank a bottle of wine for company. It was Chateau Margaux. It was pleasant to be drinking slowly and to be tasting the wine and to be drinking alone. A bottle of wine was good company.
I've always loved my red wine, and when I'm not working I can open a bottle too many. I love to cook, so it's one for me and one for the casserole. I would consume a bottle of wine on my own of an evening and then literally pass out.
When a private talk over a bottle of wine is broadcast on the radio, what can it mean but that the world is turning into a concentration camp?
My dad used to tell me, 'Check the price, son.' Check the price, kids, check the price because there is a price to be paid for whatever you do in life, whether it is good or it is bad. Before you do something, ask yourself is it worth the price you have to pay?
I love using my Coravin Model Six at home to just give a glass of wine to my friends and family without having to commit to the whole bottle. It's perfect when everyone wants something different. I also love being able to try a glass of a bottle I've always been wanting to see if it's ready to drink.
To the bottle! In infancy, the milk bottle; in our prime, the wine bottle; in our dotage, the pill bottle.
Ive always loved my red wine, and when Im not working I can open a bottle too many. I love to cook, so its one for me and one for the casserole. I would consume a bottle of wine on my own of an evening and then literally pass out.