Sketch for Sandy's Walk, 2016-7
- posted by cjb @ 11:18 AM

 
To The Management

November Afternoons, 2016
color photograph
print 12" x 18" on 16" x 20" sheet, full frame, no crop
November_Afternoons_Master127.tif

Chocolate Factory Cactus Garden, 2016
black and white photograph
print 13.043" x 19.817" on 20" x 24" sheet, full frame, no crop
Chocolate_Factory_Master507.tif

Baldwin Magnolia, 2016
black and white photograph
print 11.413" x 18" on 16" x 20" sheet, full frame, no crop
Baldwin_Magnolia_Master64.tif

Brilliant Trees, 2016
color photograph
print 22" x 14.687" on 24" x 20" sheet, full frame, no crop
Brilliant_Trees_Master151.tif

Salon Tree, 2016
color photograph
print 18" x 11.937" on 16" x 20" sheet, full frame, no crop
Salon_Tree_Master970.tif

Winter Sunflower, 2015
color photograph
print 14" x 9.333" on 16.5" x 11" sheet
Winter_Sunflower_Master178.tif
- posted by cjb @ 10:28 PM

 

11.29.16.1, 2016



11.29.16.2, 2016


11.26.16.3, 2016


11.26.16.4, 2016.  Digital collage.


Practice; "scales."  Digital collage means post-production alteration of existing reality, including, but not limited to, combinations of exposures; insertion or removal of elements not simultaneously present in a scene, & etc.
- posted by cjb @ 10:05 PM

 

Odd Ends, 2016.  Digital collage.
- posted by cjb @ 4:35 PM

 

- posted by cjb @ 10:26 PM

 

- posted by cjb @ 10:21 PM

 

"Hungry house," Mount Pleasant
- posted by cjb @ 9:55 PM

 

- posted by cjb @ 11:08 AM

 

Emile Bernard, via Jon Klassen
- posted by cjb @ 9:23 AM

 

Framing, 2016
- posted by cjb @ 3:20 PM

 

- posted by cjb @ 9:56 PM

 

Cameo Parkway, 2016
- posted by cjb @ 4:14 PM

 

- posted by cjb @ 11:29 PM

 

My best days, I stress days

Promise that you will sing about me
Promise that you will sing about me

I said when the lights shut off
And it's my turn to settle down
My main concern
Promise that you will sing about me
Promise that you will sing about me
- posted by cjb @ 11:28 PM

 

- posted by cjb @ 11:10 PM

 

- posted by cjb @ 10:54 PM

 

One of the saddest MD&As in recent memory.  I too have insulated myself "from the accelerating decline of the Mongolian economy," but by choosing not to invest in YAK.TSE in the first place.

"Our revenues in Mongolian Tögrög terms have continued to slide  throughout 2016, with this slide further exacerbated by the 21% decline against the Canadian Dollar since the beginning of 2016. Additionally, high tenant  turnover is forcing us to increase tenant improvement spending and we are re-leasing properties at mostly lower rates.

Unfortunately, our AFFO continues to be negative and trends in  the Mongolian economy indicate that this negative AFFO will accelerate from here over the next few quarters—even  before factoring in the rapidly depreciating  Mongolian Tögrög. We’ve done all that we could to reduce costs, find new sources of revenue and insulate shareholders from the accelerating decline of the Mongolian economy. Unfortunately, I suspect that this will not be enough to get us to positive AFFO and the next few quarters will be quite bleak before the Mongolian economy hopefully bottoms. Following this, I suspect that the large quantity of commercial property that has recently come online and is expected to come online over the next few years, will lead to an oversupply in property that will take at least a few years and likely quite longer to be absorbed, leading to stubbornly high vacancy and dramatically lower rental rates than we have had to contend with over the past few years. These factors will likely forestall any recovery in property values for many years into the future.

Unfortunately, we have not reached the scale needed to support the cost structure of being a publicly traded company and are unlikely to do so without raising substantial additional capital—which is unlikely to be available to us on acceptable terms for quite some time. As a result of this, I do not see a logical event path that gets us beyond roughly break-even AFFO for the foreseeable future, even if rental rates recover dramatically from here. As CEO and largest shareholder, I clearly recognize that owning a pool of property that continues to have negative AFFO, while depreciating in value is a very unattractive outcome."
- posted by cjb @ 6:24 PM

 
Tonight's reading:

George Packer, The Unwinding

"An Empirical Analysis of Algorithmic Pricing on Amazon Marketplace"

"Retail Strategies on the Web: Price and Non-Price Competition in the Online Book Industry"

Notes Essays—Peter Thiel’s CS183: Startup—Stanford, Spring 2012 (file under, Know thine adversary)
- posted by cjb @ 11:30 PM

 

- posted by cjb @ 8:37 PM

 

Maybe Tomorrow, 2016. Digital collage.
- posted by cjb @ 8:25 PM

 

Windjammer, 2016
- posted by cjb @ 2:47 PM

 

They come home from college with the communist manifesto and try to realign the family.
- posted by cjb @ 4:38 PM

 

- posted by cjb @ 11:45 PM

 

"For Gedney, Bethlehem was part work and part play—work because he was  figuring out what types of urban forms he should emphasize in his new images,  and play because it was a chance to mimic one of his professional idols. The  venerated photographer Walker Evans had wandered the streets of Bethlehem  forty years before, and it was there that he produced one of the iconic images  of the twentieth century. Gedney was a devotee of Evans and likely decided to  spend two nights in Bethlehem because of the city’s role in his hero’s career.  As he moved around the town by day and by night, Gedney was rarely more  than a few blocks from the cemetery scene that Evans had made famous in  photography circles. The streets of the town bristled with a sense of the master’s presence. Gedney was intensely conscious of walking in Evans’s footsteps.  He might not have thought of himself as a tourist, but he viewed Bethlehem through the lens of the celebrated image, just as many tourists experience a site only after wading through promotional materials. When he stood on the spot itself, Gedney described it as 'the logical place to take a picture.'"
- posted by cjb @ 11:03 PM

 
Steelin' in the Years
Words and music by Mike Turner


- posted by cjb @ 12:21 PM

 

(Via EC)
- posted by cjb @ 7:26 PM

 

November Afternoon, 2016
- posted by cjb @ 3:39 PM

 

- posted by cjb @ 3:37 PM

 
"A second mistake some people make is not reading all of the documents. I guide people to always start with the SEC documents, and then go to other sources for information. It’s amazing how few analysts actually read SEC filings. It blows me away. We have the greatest disclosure system in the world and people by and large don’t take advantage of it. I am a big believer in looking for changes in language in a company’s filings over time. During the year we were short Enron, each successive filing had incrementally more damning disclosure about the company’s off-balance sheet entities. It was obvious that internal lawyers were pushing management to give investors more detail on these deals that were being done, as they felt uncomfortable about them. Language changes are not accidental. They are argued over internally.”
- posted by cjb @ 3:30 PM

 

Linsley's blogging again, and has a new book -- not the definitively unfinished BC book -- coming out December 6th. And is making collages.

(Image: Robert Linsley, Collage #7, 2016, watercolor, watercolor pencil, silkscreen, acrylic, spray, enamel collage on canvas)
- posted by cjb @ 10:38 AM

 

Kato Cat, unimpressed.  "He looks so much like his dad in this picture!"

 (Courtesy L.)
- posted by cjb @ 11:14 AM

 

- posted by cjb @ 11:26 PM