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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: OrmontUS ✭✹  😊 😞
Number: of 22353 
Subject: Re: OT: Reported U.S. Inflation
Date: 10/11/25 11:02 AM
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Jim: Follow the haircuts and soap.
______________________________________________________

Admittedly, in support of his hypotheses, I don't think I have purchased a bar of soap in a couple of decades (not because I don't wash, but because I travel enough that I end up "acquiring" all I need along the way :-).

That said, I find that, world-wide, the cost of a man's haircut is generally about the same as the minimum end of the average wage in that city/country. When I was a kid, it was well under 10 bucks (exactly how much is lost in the fogs of time. Nowadays, in "immigrant" neighborhoods in NYC, it runs about $15-$17, around where I live, about $35-$50 and in posher neighborhoods is more related to the rent than the wages.

My favorite haircut story is: I was wandering through Singapore when I saw a sign on a barber shop window: "Men's Hair Cut $20" (those were Singapore bucks). So I went in and the young barber gave me a decent cut for what I thought was a bargain price. Then he asked if I wanted my beard trimmed and I said "sure". He started cutting it one hair at a time and kept asking if he was hurting me. I asked if he had ever trimmed a beard before and he said that I was his first as none of his customers had one. I explained that he could cut it the same as he did head hair" and not to worry. On another trip, I went to a Syrian barber shop in Germany and got a hair cut. When it was over, he asked if I wanted "barbering". After a bit of confusion (as the request seemed bizarrely redundant), it turned out he was asking if I wanted my beard trimmed (at which point it dawned on be that Barbarossa was known as "Red Beard" and for my entire life until then I had been misinterpreting the word Barber).

Women seem to have less correlation. We tend to travel for months and every four weeks or so, my wife goes in for a touch-up of her paint job (please don't tell her I put it that way :-). Anyhow, if we are going by ship, the on-board salons charge a considerable amount of their dubious results, so I generally do some research and make appointments in advance in ports we intend to stop in. While I fully expect the prices quoted, say in Norway, to be high, for some reason, Australia takes the lead (recently, I've been quoted $100-$160 AUD for a service that my wife pays about $25 USD in NYC).

Jeff
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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