"While driving through an automatic carwash in 1971, George Ballas watched
the whirling nylon bristles glide around the contour of his vehicle and
wondered if he could adapt the technology to remove the weeds around trees
in his yard. At home, he punched holes in a tin can, threaded it with wire
and fishing line and bolted it to a rotating lawn edger. He called it the
Weed Eater, and when he couldn't sell the concept, he founded his own
company and built it into a $40-million-a-year business."
He was 85
Can I interest you in some shares of Facebook? Those dot-bomb times are
comin' round again. Everybody wants to buy into that sleeper stock that
takes off. How much did Rupert Murdoch's NewsCorp lose on his purchase of
that firecracker Myspace? I know it was a lot. It's like roulette. People
know that betting on a single number is a long shot, but a trip to a casino
will show that people like betting on long shots and the casino operators
love them for it.
i HEARD on NPR tonight that if you bought 10,000 dollars of Anheiser
Busch when Busch 3 became vp around 1970? you could sell it in 2002
for 2 million . That, not counting reinvested profits (and I don't
know if that would increase or lower the real return) it appreciated
205x in 35 or 40 years, 10 times the DJ average.
A friend of mine owned Casual Designs, a t shirt silk screen company in
Houston. Mike was an old drag racer who used to sell t shirts at the drags
in Dallas and Houston. Mike got a big start finding Weed Eater at the
beginning of his t shirt empire. They made zillions of those t shirts.
Let me type this really slowly this time so you won't get lost.
In order to promote his new unheard of gizmo, he used t shirts as walking
billboards. The t shirts were GIVEN AWAY to anyone who purchased or even
tested one. They were given away at borg promotions. The artwork was
adolescent, with some abstract monster eating grass and weeds with pointy
teeth. Much like the power drink ads of today. This helped Mr. Ballas get
his gizmo going. It sure helped my friend, too. WeedEater was one of his
Hope you got it that time, Sparky.
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.