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Monday Morning Memo

Dear Indy,

My father started out pumping gas, 10 cents a gallon, making a wage of a dime each hour. That was the best he could do as an engineering graduate in the thin job market of the 1940’s. So he joined the army and lived well as a newly-married Lieutenant on a dollar a day.

After World War II, he built up a chain of toy stores. Even Gov. Edgar said my Dad’s store was one of the highlights of his youth. In the early sixties, he created 3 newspaper ads for a 9-day campaign which showed people how good his prices were at his bargain toy store.

1. For the first 3 days he had a trunk full of silver dollars he was selling, one per customer, for 88 cents each (A silver dollar in the early sixties would buy a lot more than it would today.)

2. Then for the second 3 days he had a big stack of two-dollar bills for $1.76 each.

3. For the third 3 days he was going to advertise three-dollar bills for $2.64… but retracted that ad as he would have “found out” that three-dollar bills don’t exist.

He sold only one silver dollar the first day and that was to the newspaper reporter who was there to discover the gimmick. No gimmick. But no crowd either.

Dad said the offer seemed too good to be true. But what he really regretted was redepositing that trunk load of 500 real silver dollars back into the bank. They would be worth more than $12,000 now.

– William Owen

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Random Quote:

““Several decades ago, when treating substance abuse problems, psychologists developed a technique called motivational interviewing. The central premise was this: Instead of trying to force people to change, you’re better off helping them find their own intrinsic motivation to change.”

“You do that by interviewing them — asking open-ended questions and listening carefully — and holding up a mirror so they can see their own thoughts more clearly. If they express a desire to change, you guide them toward a plan. Say you’re a student at Hogwarts, and you want to help your uncle reject Voldemort.”

You might start like this:

You: I’d love to better understand your feelings about He-Who-Must-Not-Be-Named.

Uncle: Well, he’s the most powerful wizard alive. Also, his followers promised me a fancy title.

You: Interesting. Is there anything you dislike about him?

Uncle: Hmm. I’m not crazy about all the murdering.

You: Well, nobody’s perfect. What’s stopped you from abandoning him?

Uncle: I’m afraid he might direct the murdering toward me.

You: That’s a reasonable fear — I’ve felt it too. Are there any principles that matter so deeply to you that you’d be willing to take that risk?

“

- Adam Grant, psychologist at Wharton, in The NY Times, Jan 21, 2021

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