Category: Aggies

Misty Tequila Colored Memories

There I am, a random sunny weekend day in suburban Northern California, with a bag of groceries in my arms and holding hands with my husband.

We’re headed to the car in the parking lot when a low, slow Honda Civic rolls by. The car has been lowered, the wheels are miniscule and from inside the car comes some techno music. Not the multilayered computer-mixed techno of this modern era, but a thin synth-pushed techno that was quite reminiscent of the dance club music of the late 1980’s.

And suddenly I am no longer on a grassy knoll outside of Whole Foods in suburban California, but I’m wandering over the Paseo del Norte bridge and stumbling down Avenida de Juarez.

And I am inside Alive, a bar just over the border in Juarez, Mexico. If I listen hard enough, I can hear the sound of tequila slammers hitting the bar, syncopating with the terrible music blaring from the terrible sound system.

Alive, a venue located underground (the irony was not lost on me) with a tan blown-foam covering on the walls and a trip-worthy ramp leading to the bowels of the nightclub. I’d remind myself as often as possible not to touch anything and mind my own business.

But a bucket of Coronitas and a few slammers later and hey, let’s dance!

And me with my walnut sized bladder begging myself to hold it because the bathrooms at Alive were awful. Just…frightening.

But who cares! I was young! I was invincible! I was the only responsible person in a group of very irresponsible college kids. We were having fun. In another country. With no parents in sight! Freeeedom!

Yes, I was young and in my prime and not something like 43 and worried about jobs and money and is that cereal I just bought gluten free because wheat gives me tummy rumbles and oh yeah, did I get hemp milk because by god I’m lactose intolerant too. And can you read the label on this box because the print is too tiny and I sure as hell can’t read it.

It was a fleeting memory and I told it all to The Good Man. He replied “You and I had very different lives.”

And I suppose that’s true, we did.

But I can’t shake the memory. It’s not that partying in Juarez was a particularly good time. I was always the “good kid” and worried to death about all my friends and how to get them all back home safe and intact. I worried that one of the guys would get in a fight and we wouldn’t have enough money to pay the Federales to let him go. I worried my pockets would be picked clean by the kids (I had fended off more than a few). I worried that if the time came to run that I would be the one not running fast enough.

None of that really sounds like fun.

Those times are long past, something of stories and fairy tales as I wouldn’t go near Juarez for all the tequila in the world now.

I guess that memory on that sunny California day was something like fond reminiscence? I think it is more my youth that I miss than the crappy bars like Alive and Spanky’s and The Tequila Derby.

While searching for photos of Alive, I found this story on CNN. The author perfectly describes what it was like then and what it’s like now and does a much better job than I did.


Juarez was fun – before it was dangerous.





This 1950’s (or maybe 1960’s) era postcard, oddly, comes closest to my memories of Avenida de Juarez. In the late 1980’s that big bottle over the liquor store on the corner (left side of the photo) was still there.




Image from an eBay posting selling the original postcard.



My Official Opinion On The Matter

Been reading up on this whole Facebook IPO debacle.

Oh so very ugly.

As I think about it, I am reminded of my old NMSU Finance professor Dr. Hawkins, and his Ten Investment Rules.

And so…my official comment on the FB disaster?

Keep #5 always in mind. And #7 too.



Originally posted December 29, 2010

________________

Sometimes, the cranky old man is the smartest man in the room

Back in the good ol’ days, that wild time known at the 1980’s, I was full of youthful optimism, and I was attending New Mexico State University.

My undergraduate major was Finance.

Ooh, those were heady days when I wanted to be a stockbroker when I grew up. This was back before I realized that “stockbroker” and “salesman willing to sell underperforming securities to your family in order to make commission” were synonymous.

While the dream was still alive, I took courses at NMSU from some really fine professors with a lot of experience.

Among them, several courses with Dr. Lowell Catlett, now the Dean of the College Of Agriculture, and a noted expert on futures trading.

There was also both undergrad and grad level classes with Dr. Clark Hawkins, a man who had actually worked as a commodities trader on the NYSE floor. In his words, he had tried pretty much every investment vehicle out there…and lost money on ’em all.

Dr. Hawkins was a strange little man. Wiry, small of frame and nasally of voice. He referred to himself as “Uncle Hawkey.” He often told us that, as Finance students, we should have our Wall Street Journal under one arm and our financial calculator under the other.

And this was to be done while wearing a t-shirt imprinted with “Uncle Hawkey’s Ten Investment Rules”.

At the end of each semester, he gifted us with a copy of the ten rules.

Recently, I was searching around in all the old boxes under my house, picking through my crap looking for things I can sell on eBay.

How ironic, then, that I should come across my framed copy of Uncle Hawkey’s Ten Investment Rules in my search for something to sell for money.

Well, I sat down and read the rules.

Goddamn if Uncle Hawkey wasn’t right. He was right then. He’s right now. Right is right.

Now…snap your Wall Street Journal in place, put your finger over the “future value” button on your financial calculator and get set.


Uncle Hawkey’s Ten Investment Rules:


1. Don’t invest in things you don’t understand.


Ah, every single customer of Bernie Madoff…take note!


2. Remember the fundamental mathematical rule of finance.


You know what? I don’t.

I suspect this was about future value and present value of money. He was a stickler on that.

Because I understood and could calculate time value of money, I kicked the salesman’s ass when I bought my first car.

I got that salesguy demoted because he was such a dunce. Thank you Uncle Hawkey.


3. Know the difference between investment and speculation.


Oh I remember this one. I rant about this one. A lot.

Let me just say his own words, with the same shouting nasal tone…

INVESTING IN THE STOCK MARKET IS THE SAME AS GAMBLING!

If you do not think putting your money in the stock market is gambling, then you need to re-examine yourself and your money.

Sure, it may return better odds than Vegas, but not always.

For those of you wailing and gnashing your teeth in the current economic downturn because you had all your money in the stock market, I suggest you get this rule tattooed on your arm and look at it daily.


4. Don’t invest or speculate in financial securities that you can’t easily find quotes on.


Dangling participle notwithstanding….Uncle Hawkey was right.

Once again, I’m looking at you friends of Mr. Madoff….paging investors of Mr. Madoff….


5. Don’t buy a closed end fund on initial offering.


Oh yes, everyone gets oh so very excited about IPO’s. Especially during the dot com boom of the early 2000’s.

Look how well that worked out for most people.

Right.

But Uuuuuncle Haaaawwwkkkey, people in his class would wail…what about _____ and they’d name some company.

And by tracking the history of the stock price, he’d show them how they were wrong. How the price would be driven up on IPO and would, over time, settle back down.

He recommended waiting out an IPO for a company you liked, and buying the shares after the initial flurry of the IPO wore off and the stock had settled down.


6. Be skeptical of people who say they can forecast the future.


Well, if more folks did this, then people like Jim Cramer would be a lot less interesting, wouldn’t they?


7. Don’t do business with a man you can’t trust.


Too true. I would also substitute “man” with “company.”

(And for 2012 I would substitute “man” with “egomaniacal manchild“)

And yet…how many of us do anyway? (*coff* AT&T *coff* Comcast *coff*)

Honestly…it’s getting a lot harder to find honesty these days.


8. If the brokers are pushing it hard, it probably should be avoided.


So simple. So true. Yet….

Paging followers of Mr. Madoff!

(seeing a trend here?)


9. Long range planning gives the dangerous notion that the future is under control.


Oooh, this one hurts.

Remember how great things felt in, oh, say mid-2008? When we all had some money and maybe a big mortgage on a great house and the financial future looked, well…bright?

Yeah.

I broke this one. Uncle Hawkey, wherever in the world you are now, I give it up to you.

You knew. You always knew.


10. Don’t lose money.


Well sh*t. I broke this one too.

However. Slowly but surely, it’s coming back.

Because Uncle Hawkey warned us about short term and long term.

My wise investments will, eventually, find their way home.

And finally….


11. (Bonus rule) Remember Rule 10


Fair enough.

And so…as we slowly but surely dig our way out of these ugly financial times…

May we all remember Rule #10

Thank you Uncle Hawkey.




As a post script…

In my senior year of undergrad, Uncle Hawkey decided to go on a sabbatical from teaching.

He invited us, the students that he had so tortured, to join him for happy hour at El Patio. Ah, that venerable old Mesilla Plaza bar (former home office of the Butterfield Stage).

Uncle Hawkey slapped down a credit card and said we could have all the beer we wanted. Nothing else. Only beer.

Oh, the pitchers flowed that day, and Uncle Hawkey paid for it all.

Maybe all of us college students were, on that day, a good investment.



Aggies, Whoa, Aggies — NCAA Edition

I always thought it was an especially good thing that my alma mater’s fight song included references to drinking.

Because when you watch Aggie sports, you’ll need it.

A lot.

Ah well NMSU, we’ll try again next year.

NMSU Aggies Fight Song

Aggies, Oh Aggies
The hills send back the cry
We’re here to do or die
Aggies, Oh Aggies
We’ll win this game or know the reason why
And when we win this game
We’ll buy a keg of booze
And we’ll drink it to the Aggies
‘Til we wobble in our shoes
A-G-G-I-E-S
Aggies, Aggies, go Aggies
Aggies, Oh Aggies
The hills send back the cry
We’re here to do or die
Aggies, Oh Aggies
We’ll win this game or know the reason why!



Heeeeeeeey What’ll You Give Me For…..

It’s been a whirlwind week for me, but I didn’t want to lose track of a certain topic that dates back to when I was still in New Mexico, just over a week ago.

The reason for my trip back home was to help comfort and support my two goddaughters as this was the first year they both raised pigs as part of their 4-H club.

A week ago Friday was the sale day, meaning a livestock auction at the Southern New Mexico State Fair. Unfortunately my girls didn’t score high enough in the judging to make the sale (their pigs were purchased by a friend of the family), but we still attended the auction because the girls were helping their friends to sell their animals.

It had been since I was in college that I’d been to a livestock auction. I used to go fairly regularly, but times marches on.

Over the years, I’d forgotten what a visceral experience it really is.

First, the auction barn is usually a tin building, high ceilings and concrete floors.

Then a generous amount of straw hay is spread across the floor, which gives a certain sweet smell of hay mixed with a crazy amount of dust. I was blowing dust out of my nose all week.

One by one, the animals are led into a small pen by the kid that raised them, and walked around and posed. The kid smiles a huge, though sometimes fake, smile trying to lure potential buyers to spend a little more. (Fake because the kids are usually pretty sad about selling off their animal).

The cows moo, sheep baa, goats bleat and ducks quack as the anticipation is almost too tough to take.

And then, the auctioneer starts up.



The guy on the left is the auctioneer, the guy in the middle is helping him spot bids and the guy on the right is keeping records of the bids.


It’s a droning, pushing, forceful sound. When you first walk in, it’s startling, a cacophony of noise, but over time it becomes like a steady background hum. You have to tune it out, or it becomes overwhelming.

There are guys in the audience helping spot, and every now and again, they’ll holler “HAW!!!” as they get a reluctant bidder to go up in price a bit more.

The two auctioneers we had that evening traded off duties over the course of the sale.

This guy was really solid in his work, and funny too. I mean, he’s got an intensity here, but he’d say in his auctioneer cadence “C’mon Justin, you got some more in you….” or “Hey Dave, I thought you went home…”





He carried this little gavel thing, and would rap the podium real hard when the bidding was done. “SOLD!” *whack*

It was a sound I could feel in my bones.



Then the kid would walk their animal out of the pen, happy to have gotten a good price, sad because that meant the end.

The scene back in the pens behind the barn was a different story. Low light, animals rustling around, and little kids crying.

When the kids sell their animal, they also put together a basket of goodies as a thank you to the buyer. A friend of my younger goddaughter slipped a note in her basket that said “Please don’t kill my goat. He’s really nice. Please keep him as a pet.”

Kinda breaks my heart because I know that goat isn’t going to be anybody’s pet. It’s getting loaded onto the packer truck with all the rest.

A bit of harsh reality for a nine year old.

Next year I think my goddaughters are going to raise either dairy heifers or rabbits. Dairy heifers go back to the dairy to give milk, they don’t go on the packer truck. And with rabbits, the buyer usually gives the rabbit back to the kid.

That’s all a bit easier to take, I suppose.

All in all, I had a good time at the auction. I got to see some good friends I hadn’t seen in a while. I drank some of the auction barn’s free beer. And I got to remember what it means to be an Ag kid in New Mexico.



All photos in this post Copyright 2011, Karen Fayeth, and subject to the Creative Commons license found in the right hand column of this page.