I’ve posted Column Entry #48 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s titled Earthquake + Tsunami + Meltdown = Opportunity!
Juicy Excerpt: All restaurants adopt a variable pricing policy. Instead of the menu listing a single price that applies no matter what, prices are now determined by how many customers enter the restaurant each day. On days when there are few customers, prices are rock-bottom low. On days when there are many customers, prices go to the moon. The food served and the service provided remain the same regardless of how high prices go. Do you still consider a line outside of a restaurant as a good sign regarding the value proposition associated with eating there?