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John Riccardi

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  • Work: Citi
  • School: NYU - Stern School Of Business

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Last updated Mon Jan 21, 2008 Member since March 2005

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I've never kept a blog before, so no promises on the quality... we'll see how it goes.

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Tuesday February 5, 2008 - 12:46am (EST) Permanent Link | 0 Comments
Japanese vs. American Culture
Japanese vs. American Culture magnify
To me, this photo encapsulates the difference between Japanese and American culture.  This is the inside of a subway car, and you can see several paper ads dangling perilously from the cieling of the car.  As much as the NYC MTA or SF MUNI would like to increase their advertsing revenue, they would never use ads like this because the ads would be torn down and ripped to shreds in a minute.  (New York or SF residents who disagree, please speak up.)

On visits to Tokyo, I've asked several Japanese people if this was ever a problem for the ads pictured here.  Invariably, they looked at me with a confused look (not because they don't speak English, by the way, because these people did) and said, "Why would anyone tear down an ad from the top of the subway car?"  I tried to explain that sometimes, people tear things down just to be destructive.  That usually made the person I was talking to even more confused.  It must be nice to live in a place where the concept of vandalism is so foreign.
Sunday March 12, 2006 - 10:38am (EST) Permanent Link | 3 Comments
Um, What the @&%#?!
In case you haven't heard, the Vice President of the U.S.A. accidentally shot his companion, Harry Whittington, on a recent hunting trip.  I'm not going to rehash the issues that have been covered by thousands of others--the fact that Cheney wasn't properly licensed, that he was silent for such a long time, that Clinton got impeached for a blowjob and Cheney seems to face no formal punishment for irresponsibly endangering someone's life.  What I do want to talk about is Mr. Whittington.

Fortunately, Whittington is alive, walking, and was released from the hospital yesterday. Unfortunately, it seems that he is still suffering some psychological damage from the accident.  While I don't claim to be an expert in mental health I am confident in this assertion because Whittington said he was “deeply sorry for everything Vice President Cheney has had to deal with.”  Am I missing something? Who apologizes for getting shot?  If nothing else, Cheney needs to pay for some heavy psychological counseling for Whittington.  There is clearly a long road between him and sanity if he thinks it's appropriate for him to apologize about anything.
Saturday February 18, 2006 - 08:43am (EST) Permanent Link | 1 Comment
You order Chinese food? How about a car wash?
You order Chinese food? How about a car wash? magnify
In the 1980's, Peter Lynch coined the term "diworseification" to describe what happens when a business expanded into a new market, service or product line that had nothing to do with its existing operations. (As side note: many people incorrectly think that Lynch used the term "diworseification" to describe the diversification of an individual's investment portfolio.  That is not correct.)  I agree with Lynch's philosophy, which is why I had to share this gem when I saw it.  Man do these people know how to diworseify!  Yuck!
Monday January 9, 2006 - 03:42pm (EST) Permanent Link | 2 Comments
World's dumbest pricing scheme
World's dumbest pricing scheme magnify
I took this photo in a local coffee shop.  It's a pricing schedule for wireless Internet access.  Now, I understand the basic premise of bulk pricing--when the customer buys a larger quanity, you charge a lower per-unit price.  This encourages the customer to buy more than she might otherwise, and business owners are rightly hopeful that the end result for them will be more profits.

In this case however, someone clearly flunked out of pricing school.  In case you can't make out the photo, here are the prices:
  • $3 for 20 minutes
  • $5 for 40 minutes
  • $7 for 60 minutes
  • $5 for a day
  • $14.95 for a month
Someone was smoking something strong when they came up with this.  I understand that a user who is in town temporarily might buy one day for $5 instead of the month for $14.95, but do you think anybody ever bought the 40 minute or 60 minute package?  If so, I'd like to meet that person.  If I'm lucky, he'll be carrying his wallet. :-)

Thursday May 5, 2005 - 12:24am (EDT) Permanent Link | 3 Comments

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