Charlie Munger undoubtedly qualifies as one of my list of Great Minds of Our Time. I may add more to this entry over time. (Review of The Snowball (biography about Warren Buffett) I posted in 2008, another one in my list of Great Minds.)
Supreme Court decision PDF file: Impression Products vs. Lexmark International
“Impression Products vs. Lexmark International hinged on two points: Did Impression infringe upon Lexmark’s patents by (1) reselling cartridges in the United States when Lexmark explicitly prohibited reuse and resale, and (2) importing without authorization cartridges Lexmark sold abroad. Various courts split on these questions, and everyone from the AARP and Huawei to Costco and the Auto Care Association weighed in when the case finally reached the Supreme Court.
Why all the fuss? Because this wasn’t really about printer toner. It was about your ownership rights, and whether a patent holder can dictate how you repair, modify, or reuse something you’ve purchased. “This case raises important questions about the reach of American patent law and how much control a manufacturer can exert after its products have been lawfully sold,” the editorial board of The New York Times wrote in 2015. “Taken to their logical conclusion, Lexmark’s arguments would mean that producers could use patent law to dictate how things like computers, printers, and other patented goods are used, changed, or resold and place restrictions on international trade.”
Consider this: Countless people hack their Keurig machines to brew “unauthorized” coffee brands. Can Keurig sue them? Could Apple or Samsung stipulate that you can’t resell their products on Craigslist or eBay? Could John Deere claim that a repair tech is infringing upon its patent rights by repairing a broken combine without permission? Consumer rights advocates at the EFF and Public Knowledge worried that a ruling in Lexmark’s favor would “jeopardize independent product refurbishers and repair services”.”
The following is my video interview with Dr. Gabor Lukacs, Air Passenger Rights Advocate, to talk about the new Airline Passenger Bill of Rights (Bill C-49).
Dr. Gabor Lukacs, Air Passenger Rights Advocate (FB page), notes references:
Government news release References:
Let me make a few things clear. I enjoy cooking with my iPot (Instant Pot). I even admire the inventor/entrepreneur/company that makes iPot (have a read of this enjoyable and insightful 30th Jan, 2017 Globe & Mail news article “Ottawa entrepreneur’s Instant Pot has attracted a devoted following of home cooks“). I think it is awesome to see Canadian inventor/entrepreneur making a name and money from a great product in US, Canada and around the world.
At the same time, I think it is important to point out problems, or design flaws when we see them. Customer feedbacks are good ways for companies to learn to improve their products over time.
I talk about a design flaw for my Instant Pot DUO-60 in the following video. And then I realized Instant Pot had come out with a newly designed DUO-Plus-60 around April 2017 which unfortunately has the same design flaw (based on unboxing video I watched) I identified in the video. It is a bit disappointing the design flaw isn’t fixed with the new DUO-Plus-60.
From CNN Money, “Warren Buffett should answer these 6 key questions”
“Are you ready for the so-called Woodstock of Capitalism? Warren Buffett will address tens of thousands of Berkshire Hathaway shareholders at the company’s annual meeting in Omaha on Saturday.
And many more will be watching the festivities on their phones, computers or tablets thanks to a livestream of the event by Yahoo Finance. This is the second straight year that Yahoo will simulcast the event.“
May 10, 2017 update:
May 6th, 2017 Market Watch “Warren Buffett live blog recap: Berkshire Hathaway annual meeting”
May 6th, 2017 FT, “Buffett at Berkshire’s annual meeting 2017 – as it happened”
Morningstar, “2017 Berkshire Hathaway Annual Meeting Live Blog“
LIVE FB video stream of senior airline executives testify in front of US Congress.
16:40 United CEO Oscar Munoz
22:28 Alaska Airlines
33:35 American Airlines
39:37 Consumer Union (policy arm of Consumer Reports)
See also Global News report (with video), “United Airlines CEO Oscar Munoz tells U.S. Congress the David Dao incident was ‘a mistake of epic proportions’”
AP is reporting that “In an internal memo obtained by The Associated Press, Delta says gate agents can offer up to $2,000 in compensation, up from a previous maximum of $800, and supervisors can offer up to $9,950, up from $1,350.”
With the ongoing United mess which I wrote about here and here, United has lost a chance to turn its mess into an opportunity to lead as Delta beats United and other airlines by offering up to $9,950 (over 7 time previous max. of $1,350) to flyers who give up seats.
April 16, 2017 Update: Too little too late, “United Airlines issues a new policy requiring crews to be booked sooner” – //The company said late Friday that it will now require commuting staff and crew members to check into flights 60 minutes prior to departure.//