Remember When
Quote: DRichQuote: unJonQuote: DRichRemember when $1 million was considered a lot of money? According to an MSN article I was reading in 2022 the average American household net worth is $1.06 million.
https://www.msn.com/en-us/money/news/if-the-average-american-household-is-a-millionaire-with-a-net-worth-of-1-06-million-why-do-people-feel-so-broke/ar-AA1t5wLb
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That’s the mean, which isn’t as meaningful as the median for this statistic.
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Believe it or not, I do know what average means.
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Average can mean either . . .
Quote: unJon
Average can mean either . . .
Okay, then I stand corrected. I always assumed it meant the arithmetic mean.
Quote: DRichRemember when $1 million was considered a lot of money? According to an MSN article I was reading in 2022 the average American household net worth is $1.06 million.
https://www.msn.com/en-us/money/news/if-the-average-american-household-is-a-millionaire-with-a-net-worth-of-1-06-million-why-do-people-feel-so-broke/ar-AA1t5wLb
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When The Beverly Hillbillies came on in 1962 they got a windfall of 10 million dollars from their oil. We just thought that was a jaw dropping number, and so did everybody else. They were able to buy that huge mansion in Beverly Hills and still have millions of dollars left over. A couple seasons later they upped their value to 25 million and that was just through the stratosphere for us. How could you possibly spend that much money. That mansion today is listed at $195 million dollars, 18 bedrooms, 24 bathrooms.
What does that even, um, mean? I can't get past the first paragraph of the article, but are they ignoring certain classes of households that deviate too far from the average? Or is it just a mildly perplexing (and potentially redundant) turn of phrase?
Quote: EvenBobQuote: DRichRemember when $1 million was considered a lot of money? According to an MSN article I was reading in 2022 the average American household net worth is $1.06 million.
https://www.msn.com/en-us/money/news/if-the-average-american-household-is-a-millionaire-with-a-net-worth-of-1-06-million-why-do-people-feel-so-broke/ar-AA1t5wLb
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When The Beverly Hillbillies came on in 1962 they got a windfall of 10 million dollars from their oil. We just thought that was a jaw dropping number, and so did everybody else. They were able to buy that huge mansion in Beverly Hills and still have millions of dollars left over. A couple seasons later they upped their value to 25 million and that was just through the stratosphere for us. How could you possibly spend that much money. That mansion today is listed at $195 million dollars, 18 bedrooms, 24 bathrooms.
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I watched a lot of Beverly Hillbillies. At one point in the show they had $60 million because each of the four were going to get $15 million. That would be equivalent to around $600 million today without considering any income from investing it.
Quote: VenthusThat would be the mean (or average) net worth of households, but what's that about the mean of average households?
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That's a good point. The different classes are not all defined within the same economy. The billionaire and I are doing everything in different markets; we are not living in the same neighborhoods, buying the same cars, etc. so it is almost like we are using a different currency.
This was something I noted when there was a lot of discussion of the sex gap in earnings, women earning 75 cents to every dollar men earn or something like that. There are a few factors which cause that but the overlooked one is that the super rich are mostly male. Leave out the billionaires and those numbers are closer. Leave out millionaires and they are closer still, and when you get down to the classes of unskilled and semiskilled laborers women are more likely to make more than their husbands, in safer jobs with better job security. So what they were really saying is I'm supposed to wring my hands and sob for a woman who only makes $750K, because her husband makes $1M.
Likewise, when we say "households" we might want to specify "households that have anything to do with normal people." But it's always risky to dismiss a data point as an outlier. Unless you have some formally defined mathematical rules for doing so.
Quote: DRichQuote: EvenBobQuote: DRichRemember when $1 million was considered a lot of money? According to an MSN article I was reading in 2022 the average American household net worth is $1.06 million.
https://www.msn.com/en-us/money/news/if-the-average-american-household-is-a-millionaire-with-a-net-worth-of-1-06-million-why-do-people-feel-so-broke/ar-AA1t5wLb
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When The Beverly Hillbillies came on in 1962 they got a windfall of 10 million dollars from their oil. We just thought that was a jaw dropping number, and so did everybody else. They were able to buy that huge mansion in Beverly Hills and still have millions of dollars left over. A couple seasons later they upped their value to 25 million and that was just through the stratosphere for us. How could you possibly spend that much money. That mansion today is listed at $195 million dollars, 18 bedrooms, 24 bathrooms.
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I watched a lot of Beverly Hillbillies. At one point in the show they had $60 million because each of the four were going to get $15 million. That would be equivalent to around $600 million today without considering any income from investing it.
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The show was on for 10 seasons, they're wealth kept going up as the show got older
https://m.youtube.com/watch?v=WrPwGXk69vs&pp=ygUfYmV2ZXJseSBoaWxsYmlsbGllcyBwaWxvdCB1bmN1dA%3D%3D
Dog Hand
P.S. The revised title is much catchier.
Quote: EvenBobQuote: DRichRemember when $1 million was considered a lot of money? According to an MSN article I was reading in 2022 the average American household net worth is $1.06 million.
https://www.msn.com/en-us/money/news/if-the-average-american-household-is-a-millionaire-with-a-net-worth-of-1-06-million-why-do-people-feel-so-broke/ar-AA1t5wLb
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When The Beverly Hillbillies came on in 1962 they got a windfall of 10 million dollars from their oil. We just thought that was a jaw dropping number, and so did everybody else. They were able to buy that huge mansion in Beverly Hills and still have millions of dollars left over. A couple seasons later they upped their value to 25 million and that was just through the stratosphere for us. How could you possibly spend that much money. That mansion today is listed at $195 million dollars, 18 bedrooms, 24 bathrooms.
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I once calculated out how impossible the numbers were. Maybe I'll run them here for fun after work.
Quote: rxwineDid Jeb keep his oil rights, or sell them lump sum?
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I believe he sold the whole swamp outright for $25 million.
Quote: DRichQuote: rxwineDid Jeb keep his oil rights, or sell them lump sum?
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I believe he sold the whole swamp outright for $25 million.
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I thought he took an advance on future royalties. The episode I saw has an oil scout showing up at the cabin offering to lease the land, but the opening credits show Jed discovering oil by shooting at a bird so there may be more than one origin episode.
Quote: billryanQuote: DRichQuote: rxwineDid Jeb keep his oil rights, or sell them lump sum?
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I believe he sold the whole swamp outright for $25 million.
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I thought he took an advance on future royalties. The episode I saw has an oil scout showing up at the cabin offering to lease the land, but the opening credits show Jed discovering oil by shooting at a bird so there may be more than one origin episode.
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Courtesy of Wikipedia: "The opening sequence shows Jed discovering oil while shooting at a rabbit, although the first episode shows the oil being discovered by a surveyor for the OK Oil Company."
So sounds like it got retconned five minutes later?
Quote: EvenBobQuote: DRichRemember when $1 million was considered a lot of money? According to an MSN article I was reading in 2022 the average American household net worth is $1.06 million.
https://www.msn.com/en-us/money/news/if-the-average-american-household-is-a-millionaire-with-a-net-worth-of-1-06-million-why-do-people-feel-so-broke/ar-AA1t5wLb
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When The Beverly Hillbillies came on in 1962 they got a windfall of 10 million dollars from their oil. We just thought that was a jaw dropping number, and so did everybody else. They were able to buy that huge mansion in Beverly Hills and still have millions of dollars left over. A couple seasons later they upped their value to 25 million and that was just through the stratosphere for us. How could you possibly spend that much money. That mansion today is listed at $195 million dollars, 18 bedrooms, 24 bathrooms.
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Oil was about $3/bbl in 1962. Landowners typically get a 1/8 royalty. There is no way Jeb could have drilled and marketed the oil himself, he had to have signed a lease.
$10MM is 1/8 of $80MM. To bring up $80MM in oil would mean Jeb's land would have had to produce 27 million bbl of oil (rounded up.) In the 1960s, the average well from what would become Exxon was 25bbl per day. We do not know the size of Jeb's land, but lets assume it was a 40 acre quarter-quarter section. At best he might have 4 wells on that. Total of 100bbl/day it would take 739 years to get $10MM in royalties.
Quote: billryanIf we can believe they drove from the Ozarks to California in their Hooverwagon, we can believe they were Texas Rich, which was a big thing in the 1960s.
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Thing is working in oil and gas has ruined several shows for me.
Quote: VenthusQuote: billryanQuote: DRichQuote: rxwineDid Jeb keep his oil rights, or sell them lump sum?
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I believe he sold the whole swamp outright for $25 million.
link to original post
I thought he took an advance on future royalties. The episode I saw has an oil scout showing up at the cabin offering to lease the land, but the opening credits show Jed discovering oil by shooting at a bird so there may be more than one origin episode.
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Courtesy of Wikipedia: "The opening sequence shows Jed discovering oil while shooting at a rabbit, although the first episode shows the oil being discovered by a surveyor for the OK Oil Company."
So sounds like it got retconned five minutes later?
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Why not? What happened after Granny died got retconned. There were two different reunion shows; in the first, Mr. Drysdale died, and in the second, Jane turned him in to some federal agency (the IRS, I am assuming).
Quote: AZDuffman
Oil was about $3/bbl in 1962. Landowners typically get a 1/8 royalty. There is no way Jeb could have drilled and marketed the oil himself, he had to have signed a lease.
You are correct, the Clampetts did not drill or pump any oil. They were upset that there was oil polluting their land. When the OK Oil Company offered to pump it out for them they first refused because they didn't have the money to pay a company to pump it out.
Quote: AZDuffmanQuote: EvenBobQuote: DRichRemember when $1 million was considered a lot of money? According to an MSN article I was reading in 2022 the average American household net worth is $1.06 million.
https://www.msn.com/en-us/money/news/if-the-average-american-household-is-a-millionaire-with-a-net-worth-of-1-06-million-why-do-people-feel-so-broke/ar-AA1t5wLb
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When The Beverly Hillbillies came on in 1962 they got a windfall of 10 million dollars from their oil. We just thought that was a jaw dropping number, and so did everybody else. They were able to buy that huge mansion in Beverly Hills and still have millions of dollars left over. A couple seasons later they upped their value to 25 million and that was just through the stratosphere for us. How could you possibly spend that much money. That mansion today is listed at $195 million dollars, 18 bedrooms, 24 bathrooms.
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Oil was about $3/bbl in 1962. Landowners typically get a 1/8 royalty. There is no way Jeb could have drilled and marketed the oil himself, he had to have signed a lease.
$10MM is 1/8 of $80MM. To bring up $80MM in oil would mean Jeb's land would have had to produce 27 million bbl of oil (rounded up.) In the 1960s, the average well from what would become Exxon was 25bbl per day. We do not know the size of Jeb's land, but lets assume it was a 40 acre quarter-quarter section. At best he might have 4 wells on that. Total of 100bbl/day it would take 739 years to get $10MM in royalties.
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On top of that the oil was so close to the surface that he was shooting his cap and ball rifle and oil came up out of the ground where it hit. One day Jeb was shooting at some food and up through the ground came a bubbling crude. Oil that is. Black gold, Texas Tea. First thing you know old Jebs a millionaire.
Quote: EvenBob
On top of that the oil was so close to the surface that he was shooting his cap and ball rifle and oil came up out of the ground where it hit. One day Jeb was shooting at some food and up through the ground came a bubbling crude. Oil that is. Black gold, Texas Tea. First thing you know old Jebs a millionaire.
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That was written during an era when it was fashionable to give the audience the whole backstory in the theme song. Gilligan's Island, F-Troop, Beverly Hillbillies, Brady Bunch and I'm sure other people can remember a few more.
It makes sense for business because a few people were still buying and tuning in to TVs for the first time, they could be totally unfamiliar with the show but once they hear the song, they know what's going on and if it's something they want to watch and they can become a fan who understands the story just seeing it once.
Quote: AutomaticMonkey
It makes sense for business because a few people were still buying and tuning in to TVs for the first time, they could be totally unfamiliar with the show but once they hear the song, they know what's going on and if it's something they want to watch and they can become a fan who understands the story just seeing it once.
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Here's George Jetson…his boy Elroy…
It occurred to me a few years ago that my mom made it to the age when television phones became real. When the Jetsons came out, even televisions were relatively new to some people.
Quote: smoothgrhQuote: AutomaticMonkey
It makes sense for business because a few people were still buying and tuning in to TVs for the first time, they could be totally unfamiliar with the show but once they hear the song, they know what's going on and if it's something they want to watch and they can become a fan who understands the story just seeing it once.
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Here's George Jetson…his boy Elroy…
It occurred to me a few years ago that my mom made it to the age when television phones became real. When the Jetsons came out, even televisions were relatively new to some people.
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Sci-fi is the chicken to the egg. It doesn't make predictions that well but it does inventory human desires, and those correlate well to what markets decide is worth investing in and developing. Even something as non-serious as The Jetsons was created by some guy sitting back and thinking "You know, it would be so cool if there were..."
It's amazing that a cartoon series that only lasted 24 episodes has such staying power.
Quote: AutomaticMonkeyQuote: EvenBob
On top of that the oil was so close to the surface that he was shooting his cap and ball rifle and oil came up out of the ground where it hit. One day Jeb was shooting at some food and up through the ground came a bubbling crude. Oil that is. Black gold, Texas Tea. First thing you know old Jebs a millionaire.
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That was written during an era when it was fashionable to give the audience the whole backstory in the theme song. Gilligan's Island, F-Troop, Beverly Hillbillies, Brady Bunch and I'm sure other people can remember a few more.
It makes sense for business because a few people were still buying and tuning in to TVs for the first time, they could be totally unfamiliar with the show but once they hear the song, they know what's going on and if it's something they want to watch and they can become a fan who understands the story just seeing it once.
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"Gilligan's Island" tested awful until they put the theme song in. It made no sense to the audience without it. Granted it was a bottle show but still. The backstory in the opening always made sense.
Quote: AutomaticMonkey
That was written during an era when it was fashionable to give the audience the whole backstory in the theme song. Gilligan's Island, F-Troop, Beverly Hillbillies, Brady Bunch and I'm sure other people can remember a few more.
Now I really want to hear a theme song for "Breaking Bad"!!
Quote: rxwineQuote: AutomaticMonkey
That was written during an era when it was fashionable to give the audience the whole backstory in the theme song. Gilligan's Island, F-Troop, Beverly Hillbillies, Brady Bunch and I'm sure other people can remember a few more.
Now I really want to hear a theme song for "Breaking Bad"!!
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https://youtu.be/MnmR6Sqh5NQ
I've heard Johnny Cash sing a Bonanza song with lyrics, but every episode I've seen has only music. Branded's theme song told a story, but that was a half-hour show.
Quote: billryanI've heard Johnny Cash sing a Bonanza song with lyrics, but every episode I've seen has only music. Branded's theme song told a story, but that was a half-hour show.
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Apparently, this was filmed for the ending scene of the pilot, but was cut before it ever aired.
Quote: DieterQuote: rxwineQuote: AutomaticMonkey
That was written during an era when it was fashionable to give the audience the whole backstory in the theme song. Gilligan's Island, F-Troop, Beverly Hillbillies, Brady Bunch and I'm sure other people can remember a few more.
Now I really want to hear a theme song for "Breaking Bad"!!
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https://youtu.be/MnmR6Sqh5NQ
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I was imagining more “Gilligan’s Island” style.
Quote: rxwineQuote: DieterQuote: rxwineQuote: AutomaticMonkey
That was written during an era when it was fashionable to give the audience the whole backstory in the theme song. Gilligan's Island, F-Troop, Beverly Hillbillies, Brady Bunch and I'm sure other people can remember a few more.
Now I really want to hear a theme song for "Breaking Bad"!!
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https://youtu.be/MnmR6Sqh5NQ
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I was imagining more “Gilligan’s Island” style.
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Until then...
https://youtu.be/JSta5iO--Lg
Quote: DieterQuote: rxwineQuote: DieterQuote: rxwineQuote: AutomaticMonkey
That was written during an era when it was fashionable to give the audience the whole backstory in the theme song. Gilligan's Island, F-Troop, Beverly Hillbillies, Brady Bunch and I'm sure other people can remember a few more.
Now I really want to hear a theme song for "Breaking Bad"!!
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https://youtu.be/MnmR6Sqh5NQ
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I was imagining more “Gilligan’s Island” style.
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Until then...
https://youtu.be/JSta5iO--Lg
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One day someone is going to say, "Amazing that they did all this stuff without Ai."
And just in case they check who said it first.
>>,me<<
"I love Lucy, and she loves me..."
Quote: EvenBobTalk about a different era, Now you can find any kind of porn you want for free on the internet.
That is all true but there is not much female pubic hair to be found anymore.
After my divorce when I got back into the dating scene I was very confused. Where did all of the pubic hair go?
Quote: EvenBobI remember in the late 1950s and into the '60s when Playboy magazine was considered unbelievable filth. If you were lucky you knew a kid whose dad had a couple of them and you knew where he had them hidden so you could dig them out and show your friends when he wasn't around. Because a husband had to hide it from his kids and his wife. Did these magazines show people having sex? They didn't even show pubic hair for crying out loud, that didn't start happening until 1972. So basically you had these magazines where all they showed was bare boobs and they were just the filthiest thing you could ever imagine in the eye of the public. Talk about a different era, Now you can find any kind of porn you want for free on the internet.
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The first copy of Larry’s Flynt’s Hustler hurt my eyes. He had more average women in general though. I don’t know if they still airbrushed them. Long before photoshop.
Quote: DRichQuote: EvenBobTalk about a different era, Now you can find any kind of porn you want for free on the internet.
That is all true but there is not much female pubic hair to be found anymore.
After my divorce when I got back into the dating scene I was very confused. Where did all of the pubic hair go?
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It's on the married women. As soon as they get married most women stop shaving because it's just too much work and they got the guy so they don't need to do it anymore.
Quote: EvenBobQuote: DRichQuote: EvenBobTalk about a different era, Now you can find any kind of porn you want for free on the internet.
That is all true but there is not much female pubic hair to be found anymore.
After my divorce when I got back into the dating scene I was very confused. Where did all of the pubic hair go?
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It's on the married women. As soon as they get married most women stop shaving because it's just too much work and they got the guy so they don't need to do it anymore.
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They say the crab louse is in danger of becoming extinct because of all the shaving.
I'm not a fan of it. What is she trying to communicate to me by doing that? What kind of interest is she appealing to? That's perversion, that's not how I get off.
Quote: AutomaticMonkeyQuote: EvenBobQuote: DRichQuote: EvenBobTalk about a different era, Now you can find any kind of porn you want for free on the internet.
That is all true but there is not much female pubic hair to be found anymore.
After my divorce when I got back into the dating scene I was very confused. Where did all of the pubic hair go?
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It's on the married women. As soon as they get married most women stop shaving because it's just too much work and they got the guy so they don't need to do it anymore.
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They say the crab louse is in danger of becoming extinct because of all the shaving.
I'm not a fan of it. What is she trying to communicate to me by doing that? What kind of interest is she appealing to? That's perversion, that's not how I get off.
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The majority of men obviously find it sexy or they wouldn't be doing it. I've heard women say they feel a lot cleaner when they do it, so there's that.
Quote: EvenBob
It's on the married women. As soon as they get married most women stop shaving because it's just too much work and they got the guy so they don't need to do it anymore.
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That has not been my experience.
Why would we want to go down that route? I know my priorities. I’ll take sleep in the morning or extra time to enjoy breakfast. Hell, why would I want to invest activities that are going to catch on, take more time and not to mention money?
I’m not against what anyone else wants to do. You want to buy a special man back shaver, or put white streaks in your hair, wear eye-liner I don’t care. Just don’t establish a “custom” and take us into that unnecessary time and money hell.
