Sunday, January 25, 2026
not ours..................
The problem with "willing what cannot be willed" is that we step into a territory that is not ours—we stake the claim to be God. This attempt to wrest control from the uncontrollable has become the keynote characteristic of our "Age of Addiction." We try to command those aspects of our lives that cannot be commanded, we try to coerce what cannot be coerced, and in doing so, we ironically destroy the very thing we crave.
-Kurtz and Ketcham, The Spirituality of Imperfection: Storytelling and the Search for Meaning
counsel.........................
My soul preached to me and said, "Do not be delighted because of praise, and do not be distressed because of blame."
Ere my soul counselled me, I doubted the worth of my work.
Now I realize that the trees blossom in Spring and bear fruit in Summer without seeking praise; and they drop their leaves in Autumn and become naked in Winter without fearing blame.
Kahlil Gibran, Thoughts and Mediations
Among the things I never knew...........
If demography is destiny, the Atlantic Slave Trade transformed the destiny of the entire Western Hemisphere. Between 1500 and 1800, five times as many Africans as Europeans were carried to the New World. Thanks largely to the recent work of British historians, who have created a digital database that provides the most accurate account ever assembled of the African diaspora, we now know much more precisely the scale and size of the Atlantic Slave Trade and where the enslaved Africans ended up.
Between 1550 and 1860, European vessels embarked with 12.5 million African captives and landed 10.7 million in the New World.* During the notorious Middle Passage, 1.8 million enslaved Africans died from some combination of disease, malnutrition, mistreatment, and suicide. Of the 10.7 million survivors, 4.8 million went to South America, 4.7 million went to the Caribbean, 800,000 went to Central America, and 400,000 went to North America. (An additional 60,000 entered North America indirectly from the British West Indies.) In effect, only a small percentage of the enslaved Africans, about 4%, were deposited in the future United States.
As a result, the Southern Hemisphere was destined to become a multiracial society including a population with African origins. The Northern Hemisphere was destined to become a predominately white society with a substantial African minority.
*Another African diaspora in the other direction was occurring at the same time, even larger than the Atlantic Slave Trade. Between fourteen and sixteen million Africans were carried east, across the Sahara, over the Red Sea and Indian Ocean. Africa was plundered from the west by Christians and from the east by Muslims.
-Joseph J. Ellis, The Great Contradiction: The Tragic Side of the American Founding
The world has always been messy................
The aging Sultan Abdülhamid II convened his cabinet in a crisis session on 23 July 1908. The autocratic monarch faced the greatest domestic threat to his rule in over three decades on the throne. The Ottoman army in Macedonia—that volatile Balkan region straddling the modern states of Greece, Bulgaria, and Macedonia—had risen in rebellion, demanding the restoration of the 1876 constitution and a return to parliamentary rule. The sultan knew the contents of the constitution better than his opponents. One of his first measures on ascending the Ottoman throne in 1876 had been to promulgate the constitution as the culmination of four decades of government-led reforms known as the Tanzimat. In those days he was seen as an enlightened reformer. But the experience of ruling the Ottoman Empire had hardened Abdülhamid from reformer into absolutist.
-Eugene Rogan, The Fall of the Ottomans: The Great War in the Middle East
Yep................
The process of buying books can be a bit hit-and-miss. I've had my share of misses. . . .
I look at two things: the contents page and the introduction. The former gives me a sense of the breadth and depth of the book, and from the latter I get a better understanding of the author's motivations for writing the book, as well as their style. If I find myself nodding along at the introduction, I'll read a couple of pages from the start and skim through a few more in the middle to get the overall vibe.
Ultimately, I listen to my feelings. It's the most straight-forward approach.
-Hwang Bo-Reum, Every Day I Read: 53 Ways to Get Closer to Books
Saturday, January 24, 2026
The most amazing 20 minutes in rock........
On nostalgia...................
I have a theory about nostalgia: It happens because the best survival strategy in an uncertain world is to overworry. When you look back, you forget about all the things you worried about that never came true. So life appears better in the past because in hindsight there wasn’t as much to worry about as you were actually worrying about at the time.
-Morgan Housel, from here
Whenever the discussion turns to how good the good-old-days were, my mind turns to 1968, my junior year in high school. Antiwar protests and riots. President Lyndon Johnson stops his reelection campaign. Martin Luther King assassination, followed by riots all over the country. Bobby Kennedy assassinated. It was a brutal year. The history major in me knows that there have been many brutal years. Not sure I am buying his theory. Would be my guess is that nostalgia is more about missing old friends and relationships, but that's just a guess.
Un......No............
Work can be part of your financial independence. Like other aspects of your financial plan, you just need some rules in place to guide your actions so it doesn’t become all-consuming.
Here are some work rules I would institute in this situation:
- The no assholes rule. Only work with people you like and respect.
- The no stress rule. Don’t keep working if it stresses you out all the time. You’re not wealthy if your work causes constant worry and anxiety.
- The no rule. Financial independence should make it easier to say no to invitations, projects, and events you don’t want to do. When you’re younger sometimes you have to suck it up. That shouldn’t be the case when you’re working by choice.
- The no regrets rule. Don’t keep working if it makes you miss out on family stuff. No one ever says I wish I would have worked longer hours on their deathbed.
Friday, January 23, 2026
Unclenching....................
Unclenching into life demands that we relax in the midst of the uncertainty and insecurity, because “in the midst of the uncertainty and insecurity” is where we always are. The reward is the aliveness, agency and sense of purchase on life that comes from no longer pretending otherwise.
-Oliver Burkeman, from here
And comparison is a great source................
......................................of unhappiness.
Compete internally and you improve.
In the background............
And my tunes were played on the harp unstrung
Would you hear my voice come through the music?
Would you hold it near as it were your own?
Perhaps they're better left unsung
I don't know, don't really care
Let there be songs to fill the air
When there is no pebble tossed
Nor wind to blow
If your cup is full, may it be again
Let it be known there is a fountain
That was not made by the hands of men
Between the dawn and the dark of night
And if you go, no one may follow
That path is for your steps alone
When there is no pebble tossed
Nor wind to blow
But if you fall you fall alone
If you should stand then who's to guide you?
If I knew the way I would take you home
self-determination..............
My life improved dramatically when I stopped sacrificing myself in an effort to meet the narratives that other people had about me.
-Sahil Bloom, from today's episode
Embracing uncertainty................
The nature of discoveries is that they are unexpected: they may not fit neatly into our existing edifice of knowledge. Although the research may be originally motivated by a perceived gap, the knowledge resulting from the discovery may in fact not complete any part of the wall but instead may lead to the construction of a completely new and unexpected area: we may be forced to build a new wall orthogonal to the first, or even to tear down parts of the existing structure. This is an uncomfortable concept for many of us, who would prefer a tidy and beautiful universe, where a rational process helps us to illuminate the world. And yet, the most interesting unknowns of science are unknown unknowns—gaps that we were not even aware of before chancing upon them.
-Itai Yanai and Martin Lercher.
via the wide wide world of Tim Ferriss
Damn him.......................
Apparently my plan to not buy any new books for a while will have to be shelved. Michael Wade posits the need for laugher therapy - "Laughter repels the trolls". Hard to argue.
Ed. Note: the Salinger entry on the list is a puzzler. It has been a very long time, may need to re-read it.
Sunday, January 18, 2026
New books in 2026.................
..........Adam Grant has an interesting list. Having said that, methinks the focus for 2026 will be on the old, unread, books already on the bookshelves.
the controllable variable.............
The only controllable variable in any situation is you. Oddly, it’s the last one people adjust.
-Shane Parrish, from this edition
on finding the truth...................
I’m increasingly convinced that the willingness to change your mind is the ultimate sign of intelligence. The most impressive people I know change their minds often in response to new information. It’s like a software update. The goal isn't to be right. It's to find the truth.
-Sahil Bloom, from here
About those good intentions............
Good intentions will always be pleaded for every assumption of authority. It is hardly too strong to say that the Constitution was made to guard the people against the dangers of good intentions.
-Daniel Webster, as culled from here
They'd say you're a good man....................
Then again . . . I can’t help but try to resurrect all the ancestors — the ancients of days — who I’m sure would have birthed the same or similar thoughts bearing on the time left to them, and the speed with which life slipped through their fingers.
And I’d wonder what they’d say to me . . . ?
-Julian Summerhayes, from here
Saturday, January 17, 2026
play your own game...............
Personally, I cringe when I hear that individual investors are “disadvantaged” because they don’t have access to things like private equity and that the only answer is to provide them with access through the “democratization of finance.”
Why?
Because the answer to a lack of resources is not to follow others. Rather, the answer is to be different. To be creative. To think outside the box. . . . a lack of resources means you have something they don’t — a license to be creative. It means you have the chance to play your own game, do things differently, and adhere to a game plan unique to you.
-Ted Lamade, from this episode
activate our presence..................
Does it need to be said? We are not machines. Our lives are not data problems that can be quantitatively optimized. And the actual human ability to attend is something much more expansive and much more beautiful than a tool for filtering information or extending our time on task. True attention lies at the heart of personhood: reason, judgment, memory, curiosity, responsibility, the feeling of a summer day, the burying of our dead. All of these require and activate our presence. As for mental functions that can be measured and indexed — and ultimately bought and sold — they are precisely the kind of attention we need to escape.
-from the essay, “The Multi-Trillion-Dollar Battle for Your Attention Is Built on a Lie”
the full attention..............
The authentic and pure values — truth, beauty and goodness — in the activity of a human being are the result of one and the same act, a certain application of the full attention to the object.
-Simone Weil, Gravity and Grace
Thursday, January 15, 2026
Mixed blessings....................?
The legendary Morgan was seventy years old in the fall of 1907, nearing the end of his epic reign. Founded in 1871, J. P. Morgan & Co. was regarded as the "greatest international banking firm in the world" and "what the business world considered the headquarters of financial power." No single person in the history of Wall Street had ever wielded more power and influence than J. Pierpont Morgan. Under his rule, the House of Morgan had helped modernize the American economy, transforming the sprawling hinterland of relatively small companies that characterized nineteenth-century capitalism into the mighty corporate structures that dominated the twentieth century.
-Andrew Ross Sorkin, 1929: Inside The Greatest Crash In Wall Street History And How It Shattered A Nation
Reading with a dictionary at hand.............
Bear in mind that equivocity is true to being only as one way of attending to and speaking of being. It is true to being as relative to being and as relative to the other senses of being. Against ironic postmodern truth-refusal and metamodern oscillations between sincerity and indifference at the expense of truth, Chesterton guides his readers to notice how preconceptions can warp attention and prevent clear perception. This is perhaps nowhere more evident than in his detective fiction, which draws attention to puzzlement and indefiniteness, as well as the unexplained intractabilities of reality. Fitting the metaxological mode of attention at the heart of Chesterton's journalistic metaphysics, his interest is in restoring the adventurous side of life where the comfort of the overly familiar has caused us to lose our primal astonishment and foundational perplexity. How can we feel at home if we have lost a sense of wonder? That would not be home but a prison for the soul. And how can we truly wonder if we have no place of refuge? Without a safe haven, wonder turns into terror.
Chesteronian defamiliarization may be misunderstood as an attempt to restore passivity to the perceiver, given that univocity tends to put people in an active relationship with reality, albeit still unconscious and devoid of reflective reasoning. This is only part of the truth. As suggested, Chesterton wants to resist the "worship of law," especially the worship of arbitrary human laws, by restoring difference. But the deeper aim of this strategy is to restore the possibility of genuine consciousness and real choice; that means recovering participation in reality.
-Duncan Reyburn, The Roots of the World: The Remarkable Prescience of G. K. Chesterton
Beer...is there nothing it can't do?.........
Tempting though it is to attribute the adoption of agriculture entirely to beer, it seems most likely that beer drinking was just one of many factors that helped to tip the balance away from hunting and gathering and toward farming and a sedentary lifestyle based on small settlements. Once this transition had begun, a ratchet effect took hold: The more farming was relied on as a means of food production by a particular community, and the more its population grew, the harder it was to go back to the old nomadic lifestyle based on hunting and gathering.
Beer drinking would also have assisted the transition to farming in a more subtle way. Because long-term storage of beer was difficult, and complete fermentation takes up to a week, most beer would have been drunk much sooner, while still fermenting. Such a beer would have a relatively low alcohol content by modern standards but would have been rich in suspended yeast, which dramatically improved its protein and vitamin content. The high level of vitamin B, in particular, would have compensated for the decline in the consumption of meat, the usual source of that vitamin, as hunting gave way to farming.
-Tom Standage, A History of the World in 6 Glasses
refilling...........................
The safety instructions the flight attendant delivers before takeoff are clear: "Put your own oxygen mask on first before assisting others." But when you're in the hospitality industry, that instruction can feel counterintuitive. Aren't we supposed to put others first and attend to them before we attend to ourselves?
The answer is no. If you aren't tending to your own needs, you can't help those around you. Pride and ambition motivated us to push—to tweak, to optimize, to work harder, demanding more of ourselves and those around us every day. But you can't pour endlessly from your own pitcher without ever stopping to refill it.
-Will Guidara, Unreasonable Hospitality: The Remarkable Power of Giving People More Than They Expect
Wednesday, January 14, 2026
accepts......................
Humility is, above all, honesty. True humility neither exaggerates nor minimizes, but accepts.
-Kurtz and Ketcham, The Spirituality of Imperfection: Storytelling and the Search for Meaning
breezing...................
I've always found it hard to conform to the so-called standards. Each time a teacher or an adult told me I shouldn't do this or that, I'd nod but let their words breeze past me. I refused to believe there was only one path in life.
-Hwang Bo-Reum, Ever Day I Read: 53 Ways to Get Closer to Books
Consequences..............
Over time, first the Spanish, then the French, then the British stepped into the African marketplace that the Portuguese had created. Although the word "capitalism" had not yet entered the lexicon, The Atlantic Slave Trade flourished for one elemental reason: it was the most lucrative investment available for Europe's merchants, bankers, and landed aristocracy. And until late in the game—the middle years of the eighteenth century—one would be hard pressed to hear any criticism of such a flourishing enterprise. Moral blindness made eminent economic sense.
-Joseph J. Ellis, The Great Contradiction: The Tragic Side of the American Founding
Monday, January 12, 2026
national amnesia............
secure.....................
Humility is just as much the opposite of self-abasement as it is of self-exultation. To be humble is not to make comparisons. Secure in its reality, the self is neither better nor worse, bigger nor smaller, than anything else in the universe. It is—is nothing, yet at the same time one with everything.
-Dag Hammarskjold, Markings
curiously........................
The curious paradox is that when I accept myself just as I am, then I can change.
-Carl Rogers, as quoted here
navigating the social world..........
My hypothesis is that psychology usually operates close to the boundary between science and baloney sandwich. The reason is that all of us believe in some sort of folk psychology. In order to navigate the social world, we have to try to predict how other people will behave. We necessarily formulate psychological theories. We end up judging an academic’s psychological theory by how well it aligns with our personal folk psychology. This creates a playing field on which it is hard to tell by the uniform who is on the scientific team and who isn’t. It is likely that none of us are fully on the scientific team.
-Arnold Kling, from here
the best test of truth............
Persecution for the expression of opinions seems to me perfectly logical. If you have no doubt of your premises or your power, and want a certain result with all your heart, you naturally express your wishes in law, and sweep away all opposition. To allow opposition by speech seems to indicate that you think the speech impotent, as when a man says that he has squared the circle, or that you do not care wholeheartedly for the result, or that you doubt either your power or your premises. When men have realized that time has upset many fighting faiths, they may come to believe even more than they believe the very foundations of their own conduct that the ultimate good desired is better reached by free trade in ideas—that the best test of truth is the power of the thought to get itself accepted in the competition of the market, and that truth is the only ground upon which their wishes safely can be carried out. That, at any rate, is the theory of our Constitution. It is an experiment, as all life is an experiment
-Justice Oliver Wendell Holmes, from this dissent
A conversation between...................
............John Mayard Keynes and Swiss banker Felix Somary (according to Somary) in April of 1928:
Keynes asked me what I was advising clients. 'To insulate themselves as much as possible from the coming crisis, and to avoid the markets,' I replied.
Keynes took the opposite view. 'We will not have any more crashes in our time', he insisted, and asked me in detail for my opinions about individual companies.
'I think the market is very appealing and prices are low,' said Keynes. 'And where is the crash coming from in any case?'
'The crash will come from the gap between appearances and reality. I have never seen such stormy weather gathering,' I said.
-Edward Chancellor, The Price of Time: The Real Story of Interest
Wednesday, January 7, 2026
Eric Barker tackles..............................
.........................................meaning. A wee excerpt:
Meaning is constructed, fabricated, stitched together out of obligation, loyalty, neediness, and a desperate, gorgeous refusal to give up on each other. If you’re waiting until you feel “whole” to show up for your kid, your family, your trivia team, you will die waiting. Show up broken. Show up faking it. Show up resentful and messy and tired. Show up anyway. That’s where meaning is. That’s the whole game. That’s all there ever was.
Morgan Housel is one smart dude.....
I think the majority of society problems are all downstream of housing affordability. . . . Every economic issue is complex, but this one seems pretty straight forward: we should build more homes. Millions of them, as fast as we can. It’s the biggest opportunity to make the biggest positive impact on society.
Tuesday, January 6, 2026
Aging like a fine wine - Part 1..........
All twenty here too. Well, actually on #12, I recorded music from the radio to a reel-to-reel tape recorder, not a cassette. Concerning typewriters - earned beer money in college by typing a friend's twice per week three page psychology papers. Learned some psychology along the way. It was a win-win-win. Concerning maps - still prefer to look at a large scale paper map to get the "lay of the land" before setting off on a new journey. Helps.
Is there no one........................
........................................to help him?
Here is a clue from our friends at Google:
A cask strength dry gin is a potent, barrel-aged gin bottled at a high proof (often 50-60%+ ABV) without significant dilution, combining the crisp botanical notes of a traditional dry gin with rich, smooth, woody, and spicy flavors from oak barrels, offering an intense, full-bodied experience ideal for sipping neat or in powerful cocktails. Brands like Elephant Gin and Black Button create these by resting their London Dry style gins in used bourbon or oak barrels, adding complexity like vanilla, spice, and oak tannins to the juniper and citrus.
"an atmosphere of persistent edginess".........
By nearly any material or technological measure, humanity has never been so prosperous, so capable, or so close to receiving the full blessings of science properly ordered to human need.
That does not mean everything is fine. It means despair is a distortion of reality. We are so accustomed to hearing what is broken that we forget to notice what is being built
-Jamie Wilson, advocating for some thoughtful perspective
Always bet on the optimist.............
What is required now is not naïve optimism, but adult confidence. A quiet cultural countercurrent is emerging: less outrage, more craft; less dependence on centralized authority, more responsibility; less performative despair, more building.
Powerful tools amplify whatever mindset governs them. In the hands of the resentful, they fuel paranoia. In the hands of the grounded, they enable stewardship.
-Jamie Wilson, from the same essay as quoted in the above post, now go read it.
Monday, January 5, 2026
the effects of the effects.....................
In 1963, the UC Santa Barbara ecologist and economist Garrett Hardin proposed his First Law of Ecology: "You can never merely do one thing." We operate in a world of multiple, overlapping connections, like a web, with many significant, yet obscure and unpredictable, relationships. He developed second-order thinking into a tool, showing that if you don't consider "the effects of the effects," you can't really claim to be doing any thinking at all.
-Shane Parrish, The Great Mental Models
rules of the game................
Quite a mixed bag, this government business. The fate of the human condition depends on how ordinary people respond to the rules of the game. And the rules of the game, in turn, depend largely on how governments respond to ideas circulating in society. The process of political rules adapting to a changing world—what we call political change—creates new incentives that generate outcomes that we hope will improve the human condition and yet sometimes make it worse. Yet, for all its importance, political change doesn't easily surmount status quo forces.
-Leighton and Lopez, Madmen, Intellectuals, and Academic Scribblers: The Economic Engine of Political Change
paradox........
Perhaps the greatest paradox in the story of spirituality is the mystical insight that we are able to experience release only if we ourselves let go. This is the paradox of surrender. Surrender begins with the acceptance that we are not in control of the matter at hand—in fact, we are not in absolute control of anything.
-Kurtz and Ketcham, The Spirituality of Imperfection: Storytelling and the Search for Meaning
Sunday, January 4, 2026
Timeless lessons...............
.................shared by Ben Carlson:
Market volatility is an opportunity, not a reason to abandon your investment plan.
Don’t allow fear or greed to dictate your investment stance.
Don’t confuse your investment time horizon with someone else’s.
Don’t give in to FOMO.
Don’t allow recency bias, survivorship bias, hindsight bias, or short-term performance to guide your actions.
Never panic.
Never get too high in a bull market or too low in a bear market. You’re not smarter when the market goes up or dumber when it goes down.
Markets are constantly evolving. Human nature is not. The narratives are driven by price and price movements are fickle.
It’s always the same lessons!
Managing..............................
the risk of yield chasing..............
As a banker and financial journalist, Bagehot observed that outbreaks of financial recklessness did not occur at random. Rather, they tended to appear at times when money was easy and interest rates lot. He expressed this insight in his own inimitable fashion: "John Bull can stand many things, but he cannot stand two percent." When interest rates fell to such a low level, investors reacted to the loss of income by taking greater risks. In modern language, they engaged in "yield chasing". John Bull—that personification of English common sense—made his first appearance in Bagehot's writing in an article for the Inquirer published on 31 July 1852:
‘John Bull’, says someone, ‘can stand a great deal, but he cannot stand two per cent . . .’ Here the moral obligation arises. People won’t take 2 per cent; they won’t bear a loss of income. Instead of that dreadful event, they invest their careful savings in something impossible – a canal to Kamchatka, a railway to Watchet, a plan for animating the Dead Sea, a corporation for shipping skates to the Torrid Zone. A century or two ago, the Dutch burgomasters, of all people in the world, invented the most imaginative occupation. They speculated in impossible tulips.
-Edward Chancellor, The Price of Time: The Real Story of Interest
Thursday, January 1, 2026
Progress.......................
Exactly when the first beer was brewed is not known. There was almost certainly no beer before 10,000 BCE, but it was widespread in the Near East by 4000 BCE, when it appears in a pictogram from Mesopotamia, a region that corresponds to modern-day Iraq, depicting two figures drinking beer through reed straws from a large pottery jar. (Ancient beer had grains, chaff, and other debris floating on its surface, so a straw was necessary to avoid swallowing them.)
-Tom Standage, A History of the World in Six Glasses
the initiative individual...........
Here the initiative individual—the "great man," the "hero," the "genius"—regains his place as a formative force in history. His not quite the god that Carlyle described, he grows out of his time and land, and is the product and symbol of events as well as their agent and voice; without some situation requiring a new response his new ideas would be untimely and impractical. When he is a hero of action, the demands of his position and the exaltation of crisis develop and inflate him to such magnitude and powers as would in normal times have remained potential and untapped. But he is not merely an effect. Events take place through him as well as around him, his ideas and decisions enter vitally into the course of history. At times his eloquence, like Churchill's, may be worth a thousand regiments: his foresight in strategy and tactics, like Napoleon's, may win battles and campaigns and establish states. If he is a prophet like Mohammed, wise in the means of inspiring men, his words may raise a poor and disadvantaged people to unpremeditated ambitions and surprising power. A Pasteur, a Morse, an Edison, a Ford, a Wright, a Marx, a Lenin, a Mao Tse-tung are effects of numberless causes, and causes of endless effects.
-Will & Ariel Durant, The Lessons of History
Checking in with wee Robbie Burns........
And never brought to mind?
Chorus:
For auld lang syne, my dear,
For auld lang syne.
We’ll tak a cup o’ kindness yet,
For auld lang syne.
And surely ye'll be your pint stowp!
And surely I’ll be mine!
And we’ll tak a cup o’ kindness yet,
For auld lang syne.
Chorus
We twa hae run about the braes,
And pou’d the gowans fine;
But we’ve wander’d mony a weary fit,
Sin’ auld lang syne.
Chorus
We twa hae paidl’d in the burn,
Frae morning sun till dine;
But seas between us braid hae roar’d
Sin’ auld lang syne.
Chorus
And there’s a hand, my trusty fere!
And gie’s a hand o’ thine!
And we’ll tak a right gude-willie waught,
For auld lang syne.
Chorus












