Monday, August 17, 2026

impressed........................

 

For practical purposes, the financial memory should be assumed to last, at a maximum, no more than 20 years.  This is normally the time it takes for the recollection of one disaster to be erased and for some variant of the previous dementia to come forward to capture the financial mind.  It is also the time generally required for a new generation to cone on the scene, impressed, as had been its predecessors, with its own financial genius.

-John Kenneth Galbraith, A Short History of Financial Euphoria


who knew.........................

 

     The world was built by practical people who knew how to get into a creative frame of mind, listen to their imaginations, and build on the ideas they found there.

-Roger van Oech, A Whack on the Side of the Head:  How You Can Be More Creative


Fifty years ago..........................

 

Jefferson Starship...............With Your Love



Compounding and the long haul.............

 

     As Charlie Munger once said, "The first rule of compounding: Never interrupt it unnecessarily."

Compounding might be the eighth wonder of the world, but it takes time to morph from a caterpillar into a butterfly. . . .

Compounding in a retirement calculator is neat and tidy.  Compounding in the stock market it messy and lumpy. . . .

     If you want consistency over the long haul, you have to accept lower returns.  And if you want higher returns over the long haul, you have to accept volatility.  You can never truly escape risk; you just change how you accept it.

-Ben Carlson, Risk & Reward


last year's leaf...............

 

     "Is it well with you?" he asked.

     And the old man answered, "It is well."

     "There be wood beside you," the younger man continued, "and the fire burns bright.  The morning is gray and the cold has broken.  It will snow presently.  Even now it is snowing."

     "Ay, even now it is snowing."

     "The tribesmen hurry.  Their bales are heavy, and their bellies flat with lack of feasting.  The trail is long and they travel fast.  I go now.  It is well?"

     "It is well.  I am as a last year's leaf, clinging lightly to the stem.  The first breath that blows, and I fall.  My voice is become like an old woman's.  My eyes no longer show me the way of my feet, and my feet are heavy, and I am tired.  It is well."

     He bowed his head in content till the last noise of the complaining snow had died away, and he knew his son was beyond recall.  Then his hand crept out in haste to the wood.  It alone stood betwixt him and the eternity which yawned upon him.  At last the measure of his life was a handful of faggots.  One by one they would go to feed the fire, and just so, step by step, death would creep upon him.  When the last stick had surrendered up its heat, the frost would begin to gather strength.  First his feet would yield, then his hands; and the numbness would travel slowly, from the extremities to the body.  His head would fall forward upon his knees, and he would rest.  It was easy.  All men must die.

-Jack London, The Law of Life


In the spring of 1824................

 

     Congress, in issuing the invitation Monroe transmitted, reflected a national willingness to see the young hero, now old, one more time.  In looking at Lafayette, Americans could look back.  When men invented calendars they invented anniversaries, with all the mental freight that anniversaries carry.  The Battles of Lexington and Concord had been fought in April 1775, the Battle of Bunker Hill that June.  Their fiftieth anniversaries were approaching.  Congress had commissioned John Trumbull, America's most eminent artist, to decorate the Rotunda of the Capital with four huge paintings celebrating the Revolution; Lafayette would appear in one of them.  Only three signers of the Declaration of Independence—Adams, Jefferson, and Charles Carroll of Carrolton—still lived.  Only one major general of the revolutionary army still lived—Lafayette.  Revolutionary War veterans survived in every city and many towns, but now they were all gray.  If one wanted to see and celebrate the Revolution as a living event, now was the last opportunity.

-Richard Brookhiser, The Hero Returns: Lafayette and the Legacy of Revolution


The Surrender of Lord Cornwallis
John Trumbull    oil on canvas  1819-20











bonfires........................

 

“If you want to do something, make a habit of it, if you don’t want to do that, don’t, but make a habit of something else instead.”

Epictetus said habits—good and bad—were like a bonfire. Every time we perform a habit, we reinforce it. We add fuel to the fire. “Every habit and capability is confirmed and grows in its corresponding actions, walking by walking, and running by running,” Epictetus said, “therefore, the same principle is at work in our state of mind. When you get angry, you’ve not only experienced that evil, but you’ve also reinforced a bad habit, adding fuel to the fire.” It was likely one of the many lessons he learned from his teacher, Musonius Rufus. Rufus was perhaps the earliest philosopher to identify the power of habits. In “many circumstances,” he said, “we do not deal with our affairs in accordance with correct assumptions, but rather we follow thoughtless habit.”

-as cut-and-pasted from Sunday's Daily Stoic


Sunday, August 16, 2026

In the background..............

 

Bob Marley & The Wailers...One Love/People Get Ready






Random stuff from the computer.........

 










































Buck......................

 

      All day Buck brooded by the pool or roamed restlessly about the camp.  Death, as a cessation of movement, as a passing out and away from the lives of the living, he knew, and he knew John Thornton was dead.  It left a great void in him, somewhat akin to hunger, but a void which ached and ached, and which food could not fill.  At times, when he paused to contemplate the carcasses of the Yeehats, he forgot the pain of it; and at such times he was aware of a great pride in himself—a pride greater than any he had yet experienced.  He had killed man, the noblest game of all, and he had killed in the face of the law of club and fang.  He sniffed the bodies curiously.  They had died so easily.  It was harder to kill a husky dog than them.  They were not match at all, were it not for their arrows and spears and clubs.  Thenceforward he would be unafraid of them except when they bore in their hands their arrows, spears, and clubs.

-Jack London, The Call of the Wild


deactivate circuits..................

 

For both meditation and playing music, this means the brain needs to deactivate circuits associated with self-consciousness and with judgment—the finger-wagging schoolteacher in your brain that is saying "that's terrible!" or "you're not good enough."  That school marm is useful when you are editing, but anathema to creativity and spontaneity.

-Daniel J. Levitin, I Heard There Was a Secret Chord: Music as Medicine


We....................

 

     "These wounds are my pride," he said.  "I received them fighting for the independence of my country.  Your blood, my general, flowed the same day . . . where we were so unfortunate."  At Brandywine, the enemy had outflanked the defenders and forced them to flee in confusion.  Lafayette, faint from loss of blood, had been led from the field but had stayed at a bridge on a road behind the lines in Chester, Pennsylvania, to make order among the retreating men.

     "It was indeed a rough day," Lafayette said now, forty-eight years later, "but have we not since been deeply indemnified?"

     Whom did he mean by we?  Lafayette had a gift—shown hundreds of times on his American tour—of connecting quickly and warmly with the people before him, no matter their age or sex, class or race.  These bursts of spontaneous fraternity were especially strong with veterans of the Revolution.  In that moment in Natchez, we meant, first and foremost, the two comrades of 1777.  Young once, they had lived to old age; wounded, they were now whole; mementoes of pain had become souvenirs of glory.  This was simple indemnification for them, for any old soldier:  We struggled, sometimes we lost, but we have prevailed and endured.

     But Lafayette's we was also meant to encompass the American people, among whom he always included himself.  This we had won independence from their colonial masters and had maintained it through decades of international upheaval, including a second shooting war with Britain.  The country Americans had created and passed on to a new generation was, or seemed, united, prosperous, orderly, free, and self-ruled.  Once children of a royal patriarch, cogs in an imperial machine, they now ran their own affairs—and evidently ran them well.  This was indemnification, not for two men but for millions.

-Richard Brookhiser, The Hero Returns: Lafayette and the Legacy of Revolution



Opening paragraphs.............

 

I know what you're going to ask me," Spike said.  "And the answer is yes."

-Alison Gaylin, Robert B. Parker's Booked: A Sunny Randall Novel


decency....................

 

Faith is a pre-condition of all systematic knowing, all purposive doing and all decent living.  Societies are held together, not primarily by the fear of the many for the coercive power of the few, but by a widespread faith in the other fellow's decency.

Aldous Huxley, The Perennial Philosophy


surviving and even thriving..........

 

It's true that we can never be in total control of our fate.  Just because we're having some good luck doesn't mean we earned it, and just because we're having some bad luck doesn't mean we deserve it.  We can't outrun the chaos of life.  But the more we nurture positive relationships, the better our chances of surviving and even thriving on this bumpy ride.

-Waldinger and Schulz, The Good Life:  Lessons from the World's Longest Scientific Study of Happiness


The new predators.................

 

The mental shortcuts we use daily are what academics politely call "cognitive biases."  They exist because your ancestors who made fast decisions survived, and those who paused for careful deliberation were eaten.

Those shortcuts saved your species, but they will be the death of your autonomy.

In the world your brain was built for, these rapid-fire judgments worked beautifully.  You no longer live in that world.  The new predators are a new class I call Malware Engineers.  They are the marketers, political strategists, user-experience designers, and the social engineers who study the schematics of your mind with obsessive focus.

To defend yourself, and to become a conscious operator of these shortcuts, you must first learn the schematics of your own vulnerabilities.

-Stan Taylor


interesting times...................

 





Saturday, August 15, 2026

whispery......................

 

This is a story walking us in several directions.  Whoever said time was a straight line?  We now find ourself right back at the beginning, in the very woods the terrible deal was struck.  A message is caught and manipulated between king and queen, warrior and mother.  Fake news flying around the psyche.  When we are out of touch with truth, we can stew on such wretched and fictitious messages.  Often in a fairy tale when a witch or sorcerer wants to infect you, they get you alone and start whispering such distortions in your ear, delighted to paralyze your immediate relationships.  The mythologist Marie-Louise von Franz called this 'cold evil' as opposed to 'hot evil'.  Hot evil is all giants and swinging clubs, heads on spikes, villages massacred, very visible.  Cold evil is something else again.  Very interior, very subtle, very whispery, very hidden.  This is a good example.  It has a hallucinatory, paranoid essence.  Gossipy.

-Martin Shaw, Smoke Hole:  Looking to the Wild in the Time of the Spyglass


choices......................

 

Persistent emotional turmoil can undermine our peace of mind, and it might be caused by an ongoing spiral that’s fueled by the short-term choices we make. Cultural and economic pressure can make those choices feel non-optional, but if we can protect ourselves early, we may be able to create enough value for others that our hygienic choices easily pay for themselves.

There are countless opportunities to thrive. But we might have to make hard choices to find them. 

-Seth Godin, from this post


The more things change..................

 

      There is a tendency, as strong now as at any former time, to suppose that an oligarchy is admirable if it consists of 'good' men.  The government of the Roman Empire was 'bad' until Constantine, and then it became 'good'.  In the Book of Kings, there were those who did right in the sight of the Lord, and those who did evil.  In English history as taught to children, there are 'good' kings and 'bad' kings.  An oligarchy of Jews is 'bad', but one of Nazis is 'good'.  The oligarchy of Tsarist aristocrats was 'bad', but that of the Communist Party is 'good'.

     This attitude is unworthy of grown-up people.  A child is 'good' when it obeys orders, and 'naughty' when it does not.  When it grows up and becomes a political leader, it retains the ideas of the nursery, and defines the 'good' as those who obey its orders and the 'bad' as those who defy it.  Consequently our own political party consists of 'good' men, and the opposite party consists of 'bad' men.  'Good' government is government by our group, 'bad' government that by the other group.  The Montagues are 'good', the Capulets 'bad', or vice versa.

      Such a point of view, if taken seriously, makes social life impossible.

-Bertrand Russell, The Taming of Power, circa 1938, from The Basic Writings of Bertrand Russell


shelter.......................

 

I had grown up in a world which, according to Bishop Ussher's reckonings, the one true God had made in 4004 B.C.  It was a great drama, that world.  A drama in five acts, the acts being Creation, Fall, Revelation, Redemption and Last Things.  Having become incarnate in it, the God who created our world had left sacraments and commandments in it.  By receiving the graces made available to us in these sacraments and by keeping these commandments, we could in the end win through to a life of glory.  Alternatively, by rejecting the sacraments and breaking the commandments, we could be running the risk of damnation.  It was in other words a drama that had for issue one or the other of two stupendous possibilities, eternal bliss in heaven or eternal perdition in hell.

     That was the story I lived in.  That was the story that sheltered me.  And now I knew that it isn't only houses that shelter us.  A great story can shelter us.

     It was my calamity that I had fallen out of my story.  I had fallen out of a world into a universe that seemed infinitely indifferent, even hostile to my purposes and yearnings.

     And the killingly lonely thing was, I didn't know of anyone else to whom this had happened.  As far as I could see, it was an utterly unique calamity.  It only deepened my isolation whenever I attempted to talk to someone about it.

     I felt like Job.

-John Moriarty, nostos: an autobiography


meaning......................

 

In some way, suffering ceases to be suffering at the moment it finds meaning, such as the meaning of a sacrifice.

-Viktor Frankl, Man's Search for Meaning


uh-oh.........................

 







more fun here


about that understanding...............

 

We did not live upon the same earth that they did and we flatter ourselves when we think we understand them.

-Jim Harrison and Rob Firchau


The sheer delight..........................

 

..................................................of friction.


A life................................

 

.............................................well lived.


A declarative force........

 

She was not beautiful according to the standards of the magazines and moving pictures of the time, and she knew it.  But by any standard she was a desirable woman, and she also knew that.  She knew it from what she had seen in the eyes of certain men, to which from time to time she had felt something like an echo in herself.

     That she was desirable was acceptable to her as a part of the liveliness and also the goodness of the world.  It was a gift.  But that she was desirable and knew it and accepted it unfitted her somewhat for her role as a minister's wife.  It was not expected.  She had not expected it herself until her own wits told her it was so.  Part of her desirability was her look of knowing more that she was saying, and being amused by the difference.  That, and the utter frankness of her presence.  There was in her, even in old age, a declarative force of being that was unhesitating and without disguise.

-Wendell Berry, from his story, A Desirable Woman (1938-1941)


Friday, August 14, 2026

when investing....................

 

. . . lean more heavily on emotional intelligence rather than IQ.   Temperament is more important than brainpower in the markets.

-Ben Carlson


Although, understanding the past would be a good place to start.......................

 

     It is no longer sufficient for Johnny to understand the past.  It is not even enough for him to understand the present, for the here-and-now environment will soon vanish.  Johnny must learn to anticipate the directions and rate of change.  He must, to put it technically, learn to make repeated, probabilistic, increasing long-range assumptions about the future.  And so must Johnny's teachers.

-Alvin Toffler, Future Shock (1976)


cherry picking......................

 

When any statistic can be recruited to support your preferred theory, you are suffering from confirmation bias. Scientists like to boast that they strive to prove themselves wrong, that following the philosopher Karl Popper they know falsification is the essence of science. Nonsense. Like prosecutors determined to find a suspect guilty, they usually seek out evidence that bolsters, rather than challenges, their pet ideas. In this they are only human.

As the philosopher Francis Bacon noted in 1620: “And such is the way of all superstition, whether in astrology, dreams, omens, divine judgments, or the like; wherein men, having a delight in such vanities, mark the events where they are fulfilled, but where they fail, though this happen much oftener, neglect and pass them by."

-Matt Ridley, from this substack

thanks chris


unfortunately...................

 

Delaying a conversation doesn't make it easier.

-James Clear


A dream.................

 

     I think Christianity has often forgotten that it is a dream, to its own peril.  When threaded to political power it often engenders the will rather than the wonder, the law almost entirely over the spirit.  Christianity is a dream in which the very best of us is encouraged to emerge.  A dream that challenges and inspires us.  A dream in which God speaks directly to us.

-Martin Shaw,  Liturgies of the Wild


Opening paragraphs..................

 

Skye and Henry stood on a corner of Union Square on a fading San Francisco afternoon in early June, the occasional odor of popcorn swirling through, trying to busk up a few dollars.  Skye saw the devil go by in his black '85 T-top, crooked smile, ponytail, twisty little braids in his beard.  His skinny blond girlfriend sat beside him, tats running across her bare shoulders like grapevines, front teeth filed to tiny sharp points.  Skye turned away, a chill running down her back.

-John Sanford, Gathering Prey


Sunday, August 9, 2026

Wait, what.............................?

 

No item sold on Amazon has the ability to perform a life transplant.



Fifty years ago........................

 

Any Major Dude With Half a Heart offers his 20 major albums from 1976.

It would overstate things to say that 1976 was a great year for music, the release of a few absolute classics notwithstanding, but it was a satisfying year. 


working with..................

 

The basic ground of compassionate action is the importance of working with rather than struggling against, and what I mean by that is working with your own unwanted, unacceptable stuff, so that when the unacceptable and unwanted appears out there, you relate to it based on having working with loving-kindness on yourself.  

-Pema Chodron


have the genius..............

 

     We should all engage in capitalism in this country.  In the United States, we believe capital belongs in the hands of the people.  Communism teaches that capital belongs in the hands of the state.  This is a great difference in ideology.  Communism seems to be based on the idea that humans are too stupid to know what to do with capital, so it should all be given to the state to manage.

    In our country, we believe the knowledge of what to do with capital resides in the populace.  The people have the genius to come up with ideas for goods and services for the marketplace.  This philosophy has built a dynamic enterprise known as capitalism and has created an abundance of opportunities.

-Jim Rohn, Leading an Inspired Life


Saturday, August 8, 2026

access......................

 

What you need is access to the ways in which people explain themselves to themselves.

-via this Thrive post


differences......................

 










     more memes here


All outcomes.....................

 

But just know that economic outcomes do not play out in a vacuum. There are trade-offs to consider.

-Ben Carlson, from here


most profound mysteries...........

 

     But for all the impressive scholarship that has been marshaled in an effort to determine the Sistine Ceiling's elusive meanings and to unmask its secret author, the evidence strongly suggests that Michelangelo himself was almost entirely responsible for what we see, and that he developed the elaborate program organically in response to the demands—technical, conceptual, and esthetic—that confronted him when he discarded the pope's simplistic plan and opted for a more elaborate scheme.  What we see is the product of Michelangelo's genius, not merely the skills of a consummate craftsman illustrating a theological text, but a passionate, unconventional vision of an artist who thought deeply about the miracle of Creation and developed his own unique language to confront life's most profound mysteries.

-Miles J. Unger, Michelangelo: A Life in Six Masterpieces