"Kansas needs to be less like California"--that is one of Kansas Governor Sam Brownback's favorite applause lines.
Yet last August when we drove the Reverse Overland Trail it struck me that it would be a much better world for Kansas for Kansas's Prairie if it were to look like California's Central Valley.
Let me continue explaining why:
Dieter Bogs, a six-term mayor of Trail, B.C., understands the appeal of his small town. There are mountains, the Columbia River winding by, a moderate climate, plenty of sunshine and plenty of friendly folks.
Trail, in short, is a nice place to live. Nice for people, and nice for pigeons, feathery, cooing flocks of them. Flying this way and that, roosting in the nooks and crannies of Trail’s iconic iron girder bridge and transforming an idyllic mountain town into a giant avian toilet.
Market Folly submits:We recently came across the fourth quarter 2009 investor letter from David Carr Jr's Oak Value Fund and thought our readers would enjoy it. After all, we like to track investment managers that employ fundamental research processes with a long-term time horizon. Oak Value certainly fits the bill, so let's see what it was up to in the fourth quarter of last year.