Forbes: Business Lessons From Bukowski

By SIMON CONSTABLE

A new book of Charles Bukowski’s writing just came out in late July, and I’m lucky enough to have read it.  It has some useful lessons for students of business as well as budding writers.

On Writing, is a collection of letters, or fragment’s thereof, he wrote throughout his long career. Many of them have never before been published. In case it’s slipping your mind, among many other things, Bukowski wrote Ham on Rye, a working class answer to Salinger’s Catcher in the Rye.

The letters are superb. What interests me for this column is what you can learn if you are in business.

Read more here.

TheStreet: With S&P 500 in a 'Blue Period,' Investing in Art May Give You a Mona Lisa Smile

By SIMON CONSTABLE

NEW YORK (TheStreet)-- Price gains for works of fine art have ground to a near-halt. What's worse, even those small gains are increasingly driven by fewer and fewer mega-priced trophy pieces. It could mean continued bad news for auction houses like Sotheby's (BID) , but it's a boon to investors wanting a good buy outside of the stock market.

Average price gains for fine art sold at auction are close to zero this year, according to new data from the Mei Moses World All Art index, which tracks the prices of such works. On the chart below, the rolling three-year average of price movements for 2015 is barely even visible, just a touch over zero, assuming prices for the remainder of 2015 remain static. It's a world away from the double-digit gains seen year after year in the run-up to the financial crisis of 2008. Read more here.

Photo by judith girard-marczak on Unsplash

TheStreet: Six Reasons to Discount Dire Warnings on the Stock Market

By SIMON CONSTABLE

NEW YORK (TheStreet)-- All summer long, it seems we've been warned that stocks are just moments away from falling off a precipice and into oblivion. But I'm still skeptical. Why? There is rarely an announcement at a market top.

Here are some other reasons to be broadly bullish on stocks like those in the S&P 500 and the SPDR S&P 500  (SPY) exchange-traded fund that tracks that index.

Read more here.

TheStreet: Surprise! The Job Market Is Actually Better Than You Think

By SIMON CONSTABLE

NEW YORK (TheStreet) -- Looking at the monthly government jobs data can leave you with a lot of guesswork and a nagging doubt that the new positions might all have been minimum wage. On top of that, there's the worry that the first set of figures will be dramatically reduced later. It can give you that sinking feeling similar to playing a distressing game of "Snakes and Ladders," when you slide all the way back down the board.

But there is another, little-used data point you can add to the equation that removes some of the uncertainty, and gives a more comprehensive view: Treasury tax withholding receipts.

Read more here.

TheStreet: Time To Buy Emerging Market Debt?

By SIMON CONSTABLE

NEW YORK (TheStreet) -- Emerging markets bonds have been on the skids, which is just one of the reasons you should consider adding some to your portfolio. Benefits of doing so include better yield and more diversification.

Overseas investors have become increasingly concerned by a slowing China, falling commodity prices and stagnant Europe. As a result, emerging market bonds have sold off.  For instance, the iShares J.P. Morgan USD Emerging Markets Bond  (EMB) exchange-traded fund, which tracks a basket of emerging market debt from countries such as Argentina, Poland, Uruguay and Peru, has dropped around 3% over the past three months. Read more here.

OZY: A Game Chicken Chicken... With Oil

By SIMON CONSTABLE

In the world of oil, a little noticed but fascinating game of chicken has broken out. And the unblinking eyeballs happen to involve a guy named Putin and a prince who enjoys fast cars, all 200 of them that he supposedly owns.

Does any of this ring a bell? As some of you may have surmised, the two biggest so-called petro giants, Russia and Saudi Arabia, are locked in a battle to maintain control over the global dominance of oil that’s slowly slipping away as other forms of energy like natural gas begin to grow in importance. Read more here.

Photo by William Moreland on Unsplash

Forbes: "Must-Follow" Twitter Feeds On Markets And Economics

By SIMON CONSTABLE

There is a lot of junk on twitter to parse through when it comes to markets and the economy. Don’t worry, I’ve got your back. In no particular order, here are some “must-follow” accounts that are great.

@DougKass  – Doug Kass, professional investor. Writes for Real Money, the subscription side of TheStreet. Has his finger on the investing pulse.

@ArthurHoganIII — Art Hogan, long time market strategist. If survival on Wall Street means gaining respect then he’s earned it.

Read more here.

OZY: King Dollar Is Back, Which Means...

By SIMON CONSTABLE

Ah, it’s a delicious feeling. You’re sitting down in a café in Provence and you can finally supersize that croissant and café au lait because your dollar is no longer a joke. In fact, King Dollar, as we like to call it, is on a roll (see what we did there?), up 33 percent in four years against a basket of currencies.

But anyone with a passport can take advantage of a strong dollar on the little stuff. It’s the bold, the brave, the people and firms big and small that play world currencies that are furiously trying to get a real edge — especially now that all signs point to an ever stronger U.S. greenback. 

Read more here.

TheStreet: Why China's Yuan Devaluations Won't Help Its Economy

By SIMON CONSTABLE

NEW YORK (TheStreet) -- China's abrupt currency devaluations this week won't save its economy. If the move sparks a bounce in stocks, then investors who have been burned by the tumbling Shanghai market, down 20% since the beginning of June, should use the opportunity to sell into rising prices. Or failing that, just dump Chinese stocks.

The reasons for weakening the Renminbi yuan by is clear: To make China's exports cheaper in terms of foreign money, most notably U.S. dollars. The problem is that while it may boost exports, there are other consequences that will do more harm than good. Read more here.

TheStreet: Ten Reasons to Love the Strong Dollar

NEW YORK (TheStreet) -- The surge in the greenback has some stock investors screaming foul, but they shouldn't be. Instead, they should embrace the strength. 

It is true that the trade-weighted value of the U.S. dollar has climbed more than 21% in the last 13 months, according to recent data from the St. Louis Federal Reserve. It's also true that the rally is taking its toll on the earnings reports of some multinational companies -- their foreign revenues take a hit when translated back into dollars.

Still, there is plenty to feel great about. Here are 10 reasons to smile.

Forbes: Colorblind Secrets Your Colleagues Won't Tell You

By SIMON CONSTABLE

It never ceases to amaze me how unaware many colleagues are about a very common affliction: colorblindness. I have it. So does Facebook’s Mark Zuckerberg, according to a report in the New Yorker and others.

Here’s what you need to know.

We can see colors. Total inability to see color is very rare. What we do see isn’t the same as what you see. For instance, the color red is less vibrant for me. But, there are some things I’ll be able to see better than you, like certain camouflage patterns. Seeing the world in a different way can be an advantage.

Your color presentation is incomprehensible. This is especially so when it is full of charts with seven shades of pastel colored lines. All the lines are indistinguishable. My bank does similar with a pie chart of my investments: brown, green, red, beige, and black. It’s so confusing to look at that it’s meaningless. The consultant recommendations on what colors are best for presentations are probably wrong. Go with grayscale instead, unless you want to confuse us.

Read more here.

Forbes: What Trump Brings To The Table

By SIMON CONSTABLE

If you really want change then you need to do something different. That’s more or less what Einstein said and it applies as much to Washington politics as it does to science.

Americans seem to want change from their politicians. But then when someone turns up with the capabilities to do so many people throw up their arms in horror. I write of course about presidential candidate and billionaire real estate mogul Donald Trump who is doing a superb job of shaking up the establishment.

Here are some reasons to embrace him, or if not him then someone with some of his positive qualities.

Yes, he is brash and slightly crass at times. But he is a New Yorker. I live here. That’s how New Yorkers are and they usually aren’t bad people. Did anyone really think that the voice of much needed change in Washington would arrive in the guise of handsome European Prince with manners fit to dine at Buckingham Palace? Of course not.

Read more here.

WSJ: The Downside of ETFs

By SIMON CONSTABLE

There is a lot for investors to like about exchange-traded funds, but there is also a downside for the stock market, a new study says.


Many investors like ETFs because the funds are an easy way to build a diverse portfolio with fees that generally are lower than those of mutual funds.


Now a group of academics offers a different take. A working paper titled “Is There a Dark Side to Exchange Traded Funds (ETFs)? An Information Perspective,” by professors at the Arison School of Business in Israel, Stanford University and the University of California, Los Angeles, says the popularity of ETFs has led to higher trading costs for some stocks, as well as less coverage of stocks by analysts to help investors make decisions. It also has reduced the responsiveness of some stock prices to information about the companies behind them and made it harder for investors to diversify their holdings in a way that reduces their risk, the report says.

Read more here.

WSJ: What Is the Value Trap?

By SIMON CONSTABLE

What does it mean when investors talk about the “value trap”?

Broadly speaking, not all cheap stocks are a good value. If, like many value investors, you buy a stock that has a better-than-average dividend and is less expensive than other similar securities, then it could be a good deal. But there is also a chance that it isn’t. 

Put another way: Some things are cheap for a reason.

Sometimes a stock’s price falls because sophisticated investors see a longer-term problem with the company and decide to dump their positions, explains Sam Stovall, managing director of U.S. equity strategy at S&P Capital IQ. It could be, for example, that those savvy investors believe the company is in bad shape and will cut its dividend in due course.

Read more here.

OZY: Falling Gold Prices Are The Latest Signs Of Good News

By SIMON CONSTABLE

Be afraid. Be very afraid. Or maybe not so much now.

When people see headlines about a market crash or some government turmoil, they tend to look for something secure, which in some cases includes stocking up on gold the way you might water bottles in a drought. (Yes, people still stick coins in their mattress and bury bars in their backyard.) And yet, with every reason to be afraid about the future of the so-called global economy staring us in the face, that doesn’t seem to be happening these days.

Read more here.

Forbes: How The Calais Crisis Sends A Message

By SIMON CONSTABLE

The so-called Calais Crisis is sending a message to the world that Britain is the place migrants want to be. Well, at least it is when compared to the other rich countries of the European Union. It’s an indicator of something, possibly an economic one. Read more here.

Photo by Jeremy Bezanger on Unsplash

OZY: Why China Might Be in for a Different Kind of Crash

By SIMON CONSTABLE

We’ve all seen the blur of headlines: China’s stock market falls. Really falls — like it was the great Wall Street crash of 1929 all over again, only over there. And then the Chinese government puts the brakes on its financial system for a while and things feel better. Then the fretting continues this week over yet another epic fall. But there is one news flash, one alert in our smartphone that we’re not getting about any of this.

Read more here.

Forbes: 10 Things You Didn't Know About Gov. Rick Perry

By SIMON CONSTABLE

Guess who had lunch at the Yale Club Wednesday? Texas Governor Rick Perry. Here’s what you need to know.

1. Texas Governor Rick Perry was at the Yale Club in New York City Wednesday speaking at a launch meeting of the Committee to Unleash Prosperity. Also at the meeting were CNBC’s Larry Kudlow, former presidential candidate Steve Forbes, The Heritage Foundation’s Steve Moore, and former NYC mayoral candidate John Catsimatidis.

Kudlow and Moore, along with economist Art Laffer, are founding members of the Cmte. which is meant to “end America’s growth slump and restore faith in the American Dream,” according to a written statement about the group. Read more here.

TheStreet: 10 Reasons to Love the Oil Price Drop

By SIMON CONSTABLE

New York (TheStreet) -- Don't let tumbling oil prices darken your outlook on stocks or the economy. Yes, U.S. crude prices have dropped into an official bear market, down around 20% since the beginning of June, which will undoubtedly hurt the oil industry and companies like Exxon Mobil and BP. 

But there are a number of benefits from the decline. Here are 10 of them: Read more here.

Photo by David Thielen on Unsplash

TheStreet:10 Secrets to Kickstarter Success (It's Not About Facebook)

By SIMON CONSTABLE

NEW YORK (TheStreet) -- Crowdfunding website Kickstarter and similar ventures have opened up a world of possibilities to struggling creative types in need of cash. That said, the odds are still against you when you launch a campaign.  

Here are 10 things you should know that may help tilt the odds in your favor: 

1. -- Facebook won't save your project. Don't rely on the fact that you have gazillions of Facebook  (FB) friends.

Read more here.

TheStreet: 'Twilight' Was Right: Vampire Trading Can Make You Rich

By SIMON CONSTABLE

NEW YORK (TheStreet) -- If the daily grind of Wall Street is getting you down, maybe it's time to trade like a vampire. 

How so? As any trick-or-treater knows, vampires sleep all day and work all night. To embrace that on Wall Street, you'll need to wait for the closing bell before entering the markets. It could be a most profitable way to play stocks that get a lot of attention like Apple (AAPL), Tesla (TSLA), Facebook (FB), and Twitter (TWTR).

Read more here.

Forbes: What HR Really Means

By SIMON CONSTABLE

I haven’t always been a journalist. For years I cut my business teeth in strategic Human Resources. It’s still surprising how many people hold major misconceptions about the field. Those misunderstandings are just as likely in giant corporations (such as Microsoft, Apple, or Google) or a smaller one.

Let me help set you straight.

1. “WE HAVE GREAT HEALTH INSURANCE”

When HR says: we have a great healthcare insurance. That may be true, at least on paper. Read more here.

Photo by Sharon McCutcheon on Unsplash

OZY: How EL Nino Will Cause a Financial Storm

By SIMON CONSTABLE

Kid weather is back and acting up with a force unlike what many investors are seeing out of Puerto Rico, Greece or even China. The “little kid” or “Christ child” — aka El Niño — could cool economic growth and stoke inflation around the globe in the months to come.

Yes, El Niño comes around every three to five years and lasts only about a year as ocean temperatures off the equatorial west coast of South America rise. But temperature increases of 4 to 6 degrees above normal can, and do, whip up potentially dangerous weather patterns, such as droughts and killer floods, which then hit homes, businesses and industries. The latest El Niño is slated by some observers to rival the one in 1997–98 as the biggest ever — one that killed an estimated 2,100 globally with a force roughly equivalent to 1 million Hiroshima bombs. It left $33 billion in property damages in its wake. “This could be a big one,” warns a recent report from Brown Brothers Harriman, a financial firm.

Read more here.

Forbes: 'Money Is Like Sex,' And 24 Other Thought-Provoking Money Quotes

By SIMON CONSTABLE

On this scorching New York summer morning it’s worth remembering that not all words of money wisdom come from today’s  business heros, like Yahoo!’s Marissa Mayer, or Microsoft's Bill Gates or even Facebook’s Mark Zuckerberg. Some come from writers, comedians, or ancient philosophers. With that in mind, I have compiled a list of 25 thought provoking quotes on money that I found intriguing. For your convenience I included where I got the information (indirect sources in parentheses.) I hope you find these quotes as stimulating as I do. Enjoy: 

“Money is like sex. It seems much more important if you don’t have any.” – Charles Bukowski (The Hip Pocket Guide to Offbeat Wisdom.)

“It’s like muck, not good except to be spread.” — Francis Bacon (It’s Only Money by Peter Pugh)

Read more here. 

Photo by Birmingham Museums Trust on Unsplash

TheStreet: Higher Taxes Aren't Stubbing Out Teen Smoking Anymore

By SIMON CONSTABLE

NEW YORK (TheStreet) -- Apparently it takes a lot to keep Altria's Marlboro Man down or even Reynolds American's  Joe Camel.

Higher taxes on cigarettes aren't helping stub out teen smoking like they once used to. Once again it's the so-called millennials, born between 1980 and 2000, who are bucking demographic trends and changing the way the world works.

Read more here.

Forbes: Top Signs Your Coworker Is An Empty Suit

By SIMON CONSTABLE

Is your coworker an empty suit? And how would you know if they were?

There is nothing wrong with dressing well for the office, but the problem comes when it’s all style and no substance. Expensive suits from Hugo Boss or Armani are no substitute for business acumen. Women and men are each just as guilty in this. Such people could be found in any company from the largest like Apple and Microsoft to small entrepreneurial offices. Nowhere is immune from this scourge, unless you work alone.

Here are some tell tale signs you are working with an empty suit.

Read more here.

TheStreet: U.S. Deals Reach $1.2 Trillion in 2015, and You Can Cash in on Them

By SIMON CONSTABLE

NEW YORK (TheStreet) -- The business of companies gobbling each other up or merging is roaring.

It's not just good news for Wall Street's dealmakers at Goldman Sachs (GS) and Morgan Stanley (MS), it's good news for stock market investors as well. Even better news: There are reasons to think the mergers and acquisitions trend will continue.

Deal volume among U.S. companies totaled approximately $1.2 trillion dollars this year through early July, according to the latest figures from Dealogic, which tracks the data. That's up 36% from the first seven months of last year, even though July isn't yet half over.

Read more here.

The Street: Why JPMorgan Is The Best Place For Analyst Recommendations

By SIMON CONSTABLE

NEW YORK (TheStreet) -- Who do you call when you need a stock recommendation? If you want to make money, then the best bet may be JPMorgan Chase (JPM).

Why? It has the research department with the highest number of star analysts, and stars' recommendations produce bigger stock gains than the rest of the herd. Not far behind in the count is Bank of America Merrill Lynch (BAC).

On average, stars from all firms produce monthly average excess returns (or alpha) of up to 1.58%, according to a recent study. In the simplest terms, alpha is the amount of value added by an analyst relative to a benchmark such as the S&P 500.

Read more here.

WSJ: What Are Risk-Adjusted Returns?

By SIMON CONSTABLE

When you hear financial experts talk about risk-adjusted returns, what do they mean? It may sound complicated, but the concept is simple.

It means that when comparing investment returns like those from mutual funds, it can be misleading to just look at the headline figures. For instance, at first glance it might seem that a fund that gained 12% last year is better than one at 9%. In reality, it depends on how much risk was involved in generating those profits. The more risk, the less the returns are worth. Read more here.

Photo by Nathan Dumlao on Unsplash

WSJ: Time For A Bond Fund Checkup

BY SIMON CONSTABLE

Given the expected rise in interest rates, does your portfolio still need a healthy allocation of bonds? Probably yes, according to the experts.

Many agree that the security and diversification bonds offer shouldn’t be spurned just because the direction of rates could be changing. But, depending on the investor, now may be a good time to adjust the size of that allocation and its contents, with regard to lengths of maturities and levels of risk.

“Fixed income is always a good foundation for a portfolio,” says Eddy Elfenbein, Washington, D.C., author of the Crossing Wall Street blog and newsletter. “Security and safety.… Each month and quarter there is a regular check from the coupons.” Read more here. 

Forbes: What Your Boss Really Means By "No One Is Getting A Raise."

By SIMON CONSTABLE

We are now half way through the calendar year, and for many that means mid-year performance reviews. Or even worse, for some with odd fiscal years, it can be time for talks about money.

Both inside and outside of those meetings what you have been told can be confusing. You need to understand what your boss really means, not just what is said. Believe me, I’ve spent enough time in corporate America, and enough time in human resource jobs, to know the difference. 

Let me take you through some of the more common half-truths, what they really mean, what it says about your boss, and what to do. Read more here.

Photo by Brooke Lark on Unsplash

OZY: Greece and PR -- Relax or Freak Out?

By SIMON CONSTABLE

Up, down and all around — global stock markets have been giving investors quite the ride this week. But is the financial world on the brink of another crash? Most people could be forgiven for thinking so given news about Greece missing a roughly $1.7 billion loan payment to the International Monetary Fund and Puerto Rico’s governor warning that the territory simply can’t repay $72 billion of debt. The feeling of impending collapse was only exacerbated when stocks in Europe and the U.S. tumbled on Monday, before bouncing back later in the week. Read more here.

Photo by Hendrikje Glauner on Unsplash

The Street: Retail Investors Fleeing U.S. Stocks Is a Buy Signal

By SIMON CONSTABLE

NEW YORK (TheStreet) Small investors are unloading U.S. stocks, which means you should do the opposite and buy. That's because retail investors are so bad at timing they are good, at least as a contrary indicator.

Over the last year investors have gone on a mutual fund selling spree, dumping more than $100 billion of domestic stock mutual funds.
Read more here.

New York Stock Exchange

Massimo Catarinella, CC BY-SA 3.0, 

via Wikimedia Commons

TheStreet: 4 Reasons Carl Icahn's Junk-Debt Warning Shouldn't Terrify You

By SIMON CONSTABLE

NEW YORK (TheStreet) -- Billionaire investor Carl Icahn's warning about the risks of junk-rated debt might scare you, but that doesn't mean you should write off the entire category.

He sounded the alarm about high-yield -- or non-investment grade -- securities last week, saying the market is "extremely overheated." It's not the first time that observation has been made. Read more here.

Forbes: Ten Ways To Start Your Way Financial Independence This July 4

By SIMON CONSTABLE

As you grab a hotdog or two this July 4 it’s worth remembering that true freedom requires financial independence. Only a few of us are born with enough resources to make that happen, but there are steps you can take to get closer to it.

Read more here.

TheStreet: What Puerto Rico's Debt Crisis Means for Muni Investors

By SIMON CONSTABLE

NEW YORK (TheStreet) -- While the financial world focused on the Greek debt drama, a problem with even bigger potential consequences has been brewing in the Caribbean.

Puerto Rico can't pay its $72 billion of debts, the governor of the island warned Sunday, just two days before a budget deal needs to be approved by the territory's legislature. It could affect U.S. investors such as mutual fund holders and hedge funds, in a much larger manner than events in Greece.  Read more here.

Photo by Ana Toledo on Unsplash

Forbes: How I'm Saving The Cost Of An Apple Watch Or Fitbit Device

By SIMON CONSTABLE

The wearable revolution will be happening without me, at least for now. Or put another way, I will not be getting an Apple Watch or a Fitbit device anytime soon. For the time being, I will rely on feline assistance.

Read more here.

TheStreet: Millennials Leading Charge Into Foreign Stocks and You Should Follow

By SIMON CONSTABLE

NEW YORK (TheStreet) Americans are increasingly investing in foreign stocks, and millennials are leading the way.

The generation born from 1980 to 2000, whose estimated population of 92 million makes it the biggest in U.S. history, consistently invested more in international stocks than any other age group from 2005 to 2011, according to a new study by the National Bureau of Economic Research. The gains occurred despite rising appetites overall for foreign investments. Read more here.

Karina Albers, CC BY 4.0, via Wikimedia Commons

TheStreet: Why Chasing Stock Returns Could Cost You $1.9 Million

By SIMON CONSTABLE

NEW YORK (TheStreet) -- Chasing stock returns could be far more harmful to your portfolio than you ever imagined.

You might find yourself as much as $1.9 million worse off than if you had left your investments alone, based just on the relatively modest idea of investing the maximum in a 401(k) plan.

Read more here.

Forbes: J.Crew Even More J.Screwed

By SIMON CONSTABLE

Just when you thought it couldn’t get worse for J.Crew, it did.

Earlier this week I posted a column asking a question: Is J.Crew actually becoming J. Screwed? Read more here.

But that was before one of the company’s executives reportedly hit a new low and dragged its image even further down. The New York Post reports:

Read more here.

TheStreet: Will 'Obamatrade' Kill Another 1 Million Factory Jobs?

By SIMON CONSTABLE

NEW YORK (TheStreet) -- The Trans Pacific Partnership, or Obamatrade as it's known to opponents, might be bad news for America's beleaguered manufacturing workers. That is, if it ever gets approved. 

It's hard to come to any other conclusion after reading a recent working paper from the Federal Reserve that studied the effects of liberalizing trade with China in the past decade. The authors conclude that the U.S. lost 1 million factory jobs in just eight years through 2007. 

The Trans Pacific Partnership could mean more of the same. By far the likeliest outcome will be "another trade-related disaster for U.S. domestic manufacturing," says Alan Tonelson, an international trade and manufacturing expert with more than three decades in the field.

Read more here.

Forbes: J.Crew Or J.Screwed?

By SIMON CONSTABLE

Is J.Crew actually becoming J. Screwed?

All is not well at the iconic apparel retailer J. Crew. The lead designer for women’s clothing has been ousted and the customers aren’t happy. In a rather unusual way they are letting their feelings be known.

The Washington Post sums up the mood with the following: 

“Customers aren’t just abstaining from buying the company’s famously preppy clothes, however. They are publicly criticizing J. Crew’s alleged style and quality shortcomings on blogs and on social media. Using the Twitter hashtag #revivejcrew, disgruntled customers are doffing their cashmere gloves and airing their complaints in 140 characters or less.”

Read more here.

Photo by Mika Baumeister on Unsplash

Curlyrnd, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, 

via Wikimedia Commonsr

WSJ: Women, Especially, Are Failing Financial Literacy

By SIMON CONSTABLE

The bad news: Women are falling far behind men in financial literacy. The even worse news: Men apparently don’t know much about the topic in the first place. 

The lack of knowledge can be costly for anyone, of course, but the consequences may be worse for women because they tend to live longer than men. There is some hope, though, at least for the women, as they seem to comprehend their shortcomings in financial expertise.

Those are the findings of two recent studies published by the Global Financial Literacy Excellence Center. Read more here.

Photo by JESHOOTS.COM on Unsplash