Roadie to Telluride Rejuvenates Your Editor

Nothing like a good road trip to clear stock-market and newspaper rubble from the mind. I spent the weekend in Telluride with a college buddy, Peter Ricciardelli, who has lived there for nearly 30 years.  I couldn’t keep up with him on the slopes, since he’s in even better shape now than when we were at the University of Virginia in the late 1960s.  Hiking, biking and plenty of skiing have kept him as fit as a collegiate wrestler. That and plenty of cross-country skiing. He and his significant other, Lisa, a native Coloradan who lives in Montrose, made fresh tracks on Nordic skis Sunday while I took another crack at Telluride Mountain. I had the use of a lift pass that belonged to a friend of Peter’s — a gold medallion that can be used by the bearer to access nearly every ski trail in North America.  Sort of like the “Letters of Transit” that got Ilsa Lund and Victor Laszlo out of Casablanca, no questions asked.

True-Grite-Cafe2

It snowed intermittently the whole time I was there, leaving about two to three feet of fresh powder. The snow fell much harder in the San Juan Mountains south of Telluride, and there were reports that Durango was practically buried in flakes. In Telluride, the locals were ecstatic, since there hadn’t been any snow since just before New Year’s. By all accounts, business during the Christmas holidays was strong, notwithstanding a two-day power outage that left quite a few restaurants temporarily dark. Telluride is not easy to get to, especially in bad weather, and that’s why it appeals so strongly to corporate execs who can fly there in Gulfstreams. Arnold Schwarzenegger was the first big-time celebrity to arrive on the scene, and Tom Cruise followed.  Regular folks in Telluride don’t gawk at movie stars, and so it has become the “in” place for celebrities who crave the rare luxury of blending in, sort of.

Many $15 Million-Plus Homes

Telluride real estate is not quite as pricey as Aspen’s, but there are still dozens of listings for $15 million and up if you have a large family, a valet, a chef and a maid in tow.  For young couples and working stiffs, there are plenty of cozy condos for sale in the $3 million to $5 million range.

Almost as pleasurable for me as the skiing was the seven-hour drive coming and going. The towering San Juan Mountains look like a set of really bad teeth, with jagged edges that thrust above 14,000 feet.  Amidst blue skies and bright morning sunlight, the peaks were ablaze when I pulled out of town early Monday morning. I had looked forward to a breakfast stop in Ridgway, at the True Grit café that was named after the John Wayne movie shot there. Alas, it was closed, and so I pushed on to Montrose for more mundane fare. One of the real pleasures of long drives, especially alone, is that you get to hear music on your car stereo in a way that you do not when you merely play it in the background at home. I rediscovered Joanne Brackeen’s “Breath of Brazil” album. A prodigious jazz pianist, although not exactly a household name, Brackeen’s monster chops can be sampled at Amazon by clicking here.  Her playing was so inspiring that I’ve decided to add a regular link to selected musical tracks on the Rick’s Picks site soon.  No one seated at a desk should ever be more than a mouse click away from music, without which the world would make even less sense than it does.

 

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  • Rich January 28, 2010, 4:53 pm

    Skiing in powder and trees wonderful.
    Four storms did their handiwork here.
    Earlier omission on the CBO 2010 deficit estimate: $1.35 T, which may be short.
    A hearty thank you Rick for the subscriber article on setting dynamic
    trailing stocks to retain effective 1:3 risk:reward ratios.
    Perhaps the most important unsung part of trading…

  • Senor Cuidado January 27, 2010, 4:17 am

    Very nice reading! Nothing like the feeling of getting off the lift near the summit of a great ski hill on a beautiful day!

    Skiing with friends is a kick but heading down the mountain solo has a deeper zen vibe to it. Especially if it’s the last run of a perfect day.

  • Rich January 26, 2010, 8:05 pm

    Aloha All
    Klismaphiliac indeed. Better than market douche.
    Jazzy athletic vocabulary builder weekend Rick in the delectable rocky retreat Atlas Shrugged San Juan Mountain lairs like Durango, Ouray, Pagossa, Silverton.
    The Million Dollar Highway rocks.
    Our power at Northstar also out half a day after a Suburban lowlander did not manage a snowy downhill highway curve in the dark and broke a telephone pole off to nearby fireworks and no power. Pity those with electronics or without generators or wood stoves. Cable sporadic outages last night perhaps getting ready for SOTU bacchanalia.
    Big4 now short the dollar and long the SPX over the weekend, so perhaps we see one more last ditch effort market gasp as 0 headlines he’s in it for a second term with Bank tax minimals, 0Care Lite, Homeland Insecurity and an unSpending Freeze (amounts to $250 B by 2020 versus $1.35 CBO deficit estimate this year.) Like Wall Street Earnings, CBO deficit estimates occurred on the low side. Does 0 jettison BB, TG or JN? Big sleep perchance to dream insight last cold night: Government guarantees basically destroyed free markets, and may lead to more government defaults. 41 states are de facto bankrupt and Big4 is still short gold…
    Regards*Rich

    *****

    Maybe GS WILL go private or BQ like GM.
    Imagine Barney running GS for 0…

    *****

    Is AIG investigator Neil M. Barofsky the smoking gun or just the latest Congressional Con on the deflated taxpaying public?
    Stay tuned for Wednesday hearings which could be explosive…

  • Terry S January 26, 2010, 7:10 am

    Music that won’t blog you down… ”An Inspiration…but that was yesterday, now my consolation’s in the Stardust of a song…”

    ps. about that hula skirt…

    &&&&

    Have you looked at Goldman’s chart lately? Reminds me of GM’s, following the automaker’s last-gasp rally. RA

  • Jim January 26, 2010, 6:53 am

    Hey Rick,

    Sounds like a good time. You otta come up here and try the steep and deep in Fernie, BC sometime. Not a whole bunch of famous people, but, probably, some of the best skiers on the planet!

    Regards,
    Jim