A couple years ago Grand Rapids, Michigan was named "Beer City USA." With numerous mid-major distributors in/nearby including Founder's, Perrin, Brewery Vivant, New Holland, and Bell's, the nickname is well deserved.
This photo was taken on a regular Thursday evening in a part of town away from where most of the nightlife is.
In case you weren't sure, what you are seeing is a converted (old) miniature school bus painted white and modified to accommodate 10-12 brewery hopping patrons at a time. The yellow box in the below image highlights the somewhat difficult to see rental rate for this transportation... $800/day.
So here's the point. This is not the first time I have seen this "Runner" around. Not only is this a decent sign that that economy is alive and well, that regular bar patrons can afford $800 to hire this for their Thursday night out, but it is one of many proof positives that we all see every day that Capitalism is alive and well.
Why do we care about that at Action Point and why do we want you to care?
For those of you who don't know what we do, one of our primary jobs is to prudently manage investments for our clients and ourselves. To do this well requires a good understanding of economics and what makes a successful company (i.e. investment for us). Capitalism is rooted in ideas like innovation, creativity, and entrepreneurial spirit. Those are definitely qualities that the proprietor of "Beer City Runner" can claim. On a larger scale, we continually seek to find and make investments in management teams, companies, and Money Managers that we believe, given time, will prove that their creativity, innovation, and entrepreneurial spirit will be the most important thing to consider when making an investment. Over time, these qualities are far more important than government policy, warring nations, or other things that keep people from investing.
We believe in Capitalism and invest accordingly. We know there will be ups and downs along the way as policy gets discussed or new scary news comes out but in the long run, we'll side with the capitalists and entrepreneurs every time.
If you would like to discuss your investments, email us here to schedule a brief phone consultation that is free to you and will take less than 5 minutes of your time.
P.s. To give you an idea of how good of capitalists the "Beer City Runner" team is, here's how much it costs to get into the game: