Crank Windows
Remember Andy Rooney?
He was the curmudgeon with the eyebrows on 60 Minutes who always had a complaint he wanted to register with society at the end of the show. We always watched 60 Minutes after Giants games on Sundays when I was a kid because my mom and dad wanted to hear what Andy Rooney had to say.
I only realized what a genius Andy Rooney was in the late ‘90s, when I was in high school and had inherited my parents’ 1985 Oldsmobile – the first car I got to drive by myself after getting my license. I promptly crashed that car (not my fault, but also, insurance underwriters are not wrong), but even before I crashed it the power windows stopped working.
Which is where Andy Rooney comes in.
Because being a 17-year-old with a car whose power windows don’t work sounds like a first world problem until you understand that some kids – not me, Mom! – who were cooler than me smoked cigarettes. And smoking cigarettes in a car where the windows don’t go down is a problem. Yes, smoking cigarettes is also a problem, but inconveniencing kids who are cooler than you is definitely a problem.
So I checked what it would cost to get the power windows fixed and the estimate was $400. That was roughly what I made in a week landscaping.
In other words, $400 was a big problem back then. And it made me wonder why I couldn’t just have crank windows. Because why risk an expensive repair to save yourself three tiny arm circles? I think that could have been the basis for a very compelling Andy Rooney monologue.
After the Oldsmobile got totaled out, I used a mix of the insurance proceeds and my landscaping money to buy a Volvo wagon with crank windows since now I knew better. My learning was that there’s a lot of downside in exponentially increasing cost and complexity only to get a marginally better outcome. This is why power windows are stupid.
Of course, I also love my seat warmers. Where’s Andy Rooney when we need him?
– Tim
Sign up below to get Unqualified Opinions in your inbox.
The information, opinions, and views presented in this publication are provided solely for general informational and educational purposes. They are of a general nature, have not been tailored to the specific circumstances of any individual or entity, and do not constitute a comprehensive statement of the matters discussed. This material should not be interpreted or relied upon as investment, legal, tax, accounting, regulatory, or other professional advice, and nothing in this publication is intended to be or should be construed as such. You should obtain advice from your own professional advisors regarding the applicability of the information to your particular circumstances.
The views and analyses expressed are those of the author and do not necessarily represent or reflect the views, opinions, policies, or positions of Permanent Equity Management, LLC, its officers, directors, employees, affiliates, or portfolio companies, or of any person or entity with whom the author may be affiliated. Permanent Equity Management, LLC makes no representation or warranty, express or implied, as to the accuracy, completeness, timeliness, or suitability of the information contained herein and expressly disclaims any liability for errors or omissions.
This publication is not, and should not be construed as, an offer to sell, a solicitation of an offer to buy, or a recommendation of any security, financial instrument, or other product. It does not form the basis of any contract and does not create a fiduciary, advisory, or client relationship with Permanent Equity Management, LLC. Any examples or references to third-party content are for illustrative purposes only and do not constitute an endorsement. Permanent Equity Management, LLC is not responsible for the availability, accuracy, or content of third-party materials. Past performance is not indicative of future results. Any forward-looking statements are inherently uncertain and subject to change.