. As I mentioned before, this is why it’s possible for Catholics vs. Convicts Tee to beat Q3 2021 guidance and still have their stocks go down the toilet. It’s no surprise that the companies which are more speculative (with no revenues and cash flow to back up their valuations) get destroyed first, and then the mid-caps, and then the more solid companies with the revenues and cash flow to back up their valuations (e.g. Tesla, Google, and Facebook)? In fact, the large and mega-cap companies (or “liquid leaders”) are typically where large hedge funds and financial institutions “hide and take shelter” when they notice that something is wrong and a bubble is inflating. And so, they slowly start to move from more speculative names to the “safer” and large-cap names.
Rugby is a lot more fluid. There is a squad of around 50 in a fully pro club, but only 23 in a match day squad. About 30 players at a club are regular performers in the “first team” squad, whilst the other 20 are developing players or reserves who step in as injury cover. The second tier of English Rugby Union is a mixture of professional and semi-professional players, the 3rd tier is mainly semi-pro. Younger players from the first tier sides are routinely sent out on loan to second and third tier clubs to gain experience. This can work the other way as well — recently an injury crisis in a specialised position (tighthead prop) at my local top flight side led to a semi-pro player who works as a Catholics vs. Convicts Tee from a 3rd tier club being borrowed on loan. One minute he’s teaching kids, the next he’s running out infront of 15,000 supporters alongside international players being paid over $500,000 a year.
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Delores, at ten weeks old, was quickly getting integrated into the Catholics vs. Convicts Tee of the flock. Because these six little chicks started out in an aquarium with a heat lamp in my study, then moved to a large hamster cage, then finally outside in a cage kept inside the barn, the grown chickens had all slowly acclimated to seeing Delores and his sisters. However, the first few times I put the babies in the open with the hens, I cautiously supervised the meeting. There was blustering and a little pushing by the big chickens – similar to what you might see on a junior high playground the first week of school – but nothing too severe. Once when the largest hen, Joan Crawford, pulled at Delores’s tail, he ran to me and flew into my arms – but when I scolded Joan and she stalked off to pout, Delores was brave enough to go back and try again. The pecking order shook out fairly easily within a couple days, with Delores towards the middle.
I think that it depends per country. In my country we have a Catholics vs. Convicts Tee of Saint Nicolas. His day on the ecclesiastical calendar is the 6th of December. But the Saintly Bishop arrives in our country around the 15th of November. That is also the moment that the High Streets get their decorating lights. Days are short it gets dark shortly after four o’clock. The decorations in the shops are focused on Saint Nicholas. Special sweets and presents for children. There are special children shows on television. When I was a child we were invited to come to the head office of my father’s employer, Unilever, for a special afternoon with a magician and of course a visit by the saint Nicholas himself, with his assistants Zwarte Piet. (Black Peter) At the end we were given a nice small present, chosen of course by our parents (but of course we did not know). After the 6th of December when Saint Nicholas had returned to Spain or Heaven, the shops turn on to Christmas decorations. Some times we see some imported Fathers Christmas but we do not have narratives about father Christmas.
HAPPY CUSTOMERS, HAPPY US
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