Friday, January 23, 2026

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


The Grateful Dead......................Ripple

 


If my words did glow with the gold of sunshineAnd my tunes were played on the harp unstrungWould you hear my voice come through the music?Would you hold it near as it were your own?
It's a hand-me-down, the thoughts are brokenPerhaps they're better left unsungI don't know, don't really careLet there be songs to fill the air
Ripple in still waterWhen there is no pebble tossedNor wind to blow
Reach out your hand, if your cup be emptyIf your cup is full, may it be againLet it be known there is a fountainThat was not made by the hands of men
There is a road, no simple highwayBetween the dawn and the dark of nightAnd if you go, no one may followThat path is for your steps alone
Ripple in still waterWhen there is no pebble tossedNor wind to blow
You who choose to lead must followBut if you fall you fall aloneIf you should stand then who's to guide you?If I knew the way I would take you home

-Hunter/Garcia

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


The Spirit of Dialogue...................

 

My long-standing contrarian rule is that the Davos consensus is always wrong.

-Niall Ferguson


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

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


Creedence Clearwater Revival.............Best of

 


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


Still..........................

 

.........one of the most powerful letters ever written.


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


The most important......................

 

......................................word for any day.


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

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


Jefferson Airplane..........Surrealistic Pillow album

 


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


Today, I will be following this advice....

 



as cut-and-pasted from here


A Wall Street guy...........

 

.................................................who gets it.















Got me.................

 
















more fun here


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”

thanks Rob

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

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


Jeff Fetterman................Bottle Full of Blues

  


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

Sixty years ago.......................


Barry McGuire.............................Eve of Destruction

 


national amnesia............

 
It’s difficult to think of a more divisive way of addressing sensitive personnel issues, but many power bases in America had been infected with the idea that discrimination on behalf of some racial and ethnic groups was not only permissible, but commendable. A common message on campuses was that discrimination against whites, and particularly white males, was necessary to eliminate imbalances.
These beliefs, which would never have been accepted by the nation which embraced the “no one should be subjected to racial discrimination” message of the Civil Rights Act of 1964, amazingly caught hold. It was as if there was national amnesia. They were soon joined by programs that were less focused on behavior – a clear and measurable standard – than on the far more intangible and elusive issue of feelings.
-Michael Wade, from here

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


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


John Haydock..........Going Slow in the Outside Lane

 


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.


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


Dave Koz.........................The Dance album

 


2025 was exciting and interesting, but..............

 

................2026 is a verification year, not a promise year.


Thirty five lessons......................

 

........................................from 35 years.


Evergreen.....................

 

The quality of output depends entirely on the quality of your input.

-Nicholas Bate


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.

-from this post


Tuesday, January 6, 2026

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


Sade...........................The Best of Sade album

 


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.  


On aging like a fine wine...............

 

..................without becoming a burden.


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

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


The Michael Stanley Band........the Stage Pass album

 


trying new things.............



 

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

Our debt.........................

 












via


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..............................

 

[I]f we learn to manage the voices in our heads well and get the right voices in the room, the whole thing can be a much more productive experience. An experience that, when it’s working well, is akin to the kind of beauty, insight, dignity, grace, . . .

Why would all of this matter? Because, quite simply, the quality of the conversation in our heads is manifested in the quality of everything else we say, decide, and do in our lives.




















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


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


George Winston.........................Plains album

 


Winging it.................

 


















Checking in with wee Robbie Burns........


Should auld acquaintance be forgot,
And never brought to mind?

Should auld acquaintance be forgot,

And auld lang syne!

     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


On discovering P. G. Wodehouse......


     I know I am late to the party where Wodehouse (1881-1975) is concerned, but then better late than never.  Was recently gifted a copy of fore!, the best of Wodehouse on Golf.  (Thanks David).  What a hoot!   Here is a wee excerpt:


We of the present day, living in the midst of a million marvels of a complex civilization, have learned to adjust ourselves to conditions and to take for granted phenomena which in an earlier and less advanced age would have caused the profoundest excitement and even alarm. We accept without comment the telephone, the automobile, and the wireless telegraph, and we are unmoved by the spectacle of our fellow human beings in the grip of the first stages of golf fever. Far otherwise was it with the courtiers and officials about the Palace of Oom. The obsession of the King was the sole topic of conversation.


Every day now, starting forth at dawn and returning only with the falling of darkness, Merolchazzar was out on the Linx, as the outdoor temple of the new god was called. In a luxurious house adjoining this expanse the bearded Scotsman had been installed, and there he could be found at almost any hour of the day fashioning out of holy wood the weird implements indispensable to the new religion. As a recognition of his services, the King had bestowed upon him a large pension, innumerable kaddiz or slaves, and the title of Promoter of the King’s Happiness, which for the sake of convenience was generally shortened to The Pro.

At present, Oom being a conservative country, the worship of the new god had not attracted the public in great numbers. In fact, except for the Grand Vizier, who, always a faithful follower of his sovereign’s fortunes, had taken to Gowf from the start, the courtiers held aloof to a man. But the Vizier had thrown himself into the new worship with such vigour and earnestness that it was not long before he won from the King the title of Supreme Splendiferous Maintainer of the Twenty-Four Handicap Except on Windy Days when It Goes Up to Thirty⁠—a title which in ordinary conversation was usually abbreviated to The Dub.


All these new titles, it should be said, were, so far as the courtiers were concerned, a fruitful source of discontent. There were black looks and mutinous whispers. The laws of precedence were being disturbed, and the courtiers did not like it. It jars a man who for years has had his social position all cut and dried⁠—a man, to take an instance at random, who, as Second Deputy Shiner of the Royal Hunting Boots, knows that his place is just below the Keeper of the Eel-Hounds and just above the Second Tenor of the Corps of Minstrels⁠—it jars him, we say, to find suddenly that he has got to go down a step in favour of the Hereditary Bearer of the King’s Baffy.



Wednesday, December 31, 2025

Wishing you the happiest New Year possible....

 



currency...............

 





History worth looking at...........

 

 Franklin’s central point was that everyone needed to adjust their expectations, that neither political perfection nor moral purity was ever in the cards at the Constitutional Convention.

-Joseph Ellis, The Great Contradiction: The Tragic Side of the American Founding

via


About those free lunches...........

 

Improved confidence in the future is a good thing in and of itself, since it surely promotes greater saving and investment, which ultimately translate into more and better-paying jobs and higher living standards. On the other hand, finding good values in a period of tranquility becomes harder, and the market becomes more susceptible to disappointments. There's no free lunch, but things could certainly be a lot worse than they are today.

-Scott Grannis, from this post


blessed...................

 

We bless this year for all we learned,
For all we loved and lost
And for the quiet way it brought us
Nearer to our invisible destination.


the free efforts..............

 

The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson of humility which should guard him against becoming an accomplice in men's fatal striving to control society—a striving which makes him not only a tyrant over his fellows, but which may well make him the destroyer of a civilization which no brain has designed but which has grown from the free efforts of millions of individuals.

-F. A. Hayek, as he concludes this "The Pretense of Knowledge" lecture


Tuesday, December 30, 2025

Crystal ball time........................

 

Bull markets can last longer than you think but we can’t have above-average returns forever.

Therein lies the biggest risk in 2026…or 2027 or 2028 or some undetermined year in the future.

Eventually, above-average returns lead to below-average returns. Sometimes the biggest reason for bad returns is because good returns lasted for so long.

Predictions are hard.


Inching our way.......................

 













Monday, December 29, 2025

The customer is always right...........?

 





















more fun here


a difference maker..........

 

     The way you do anything is the way you do everything, and we found, over and over, that precision in the smallest of details translated into precision in bigger ones.

----------------

Remember: there's often a brilliant idea right behind a bad one.

----------------

     He discovered that when he gave the teams responsibility, they became more responsible; elevated by his trust in them, they stepped up into the role.

----------------

     I've made it my mission to help the people who work for me see what's important about what they do.  Even at MoMA, we didn't see our guests as a bunch of customers looking for lunch; we saw them as museumgoers—people on an adventure, realizing their dream of being inspired at one of the greatest modern art museums on earth.  That simple shift had an automatic and profound impact on how our teams acted, and on the hospitality our guests received. . . .It's the difference between coming to work to do your job and coming to work to be a part of something bigger than yourself.

     Without exception, no matter what you do, you can make a difference in someone's life.  You must be able to name for yourself why your work matters.  And if you are a leader, you need to encourage everyone on your team to do the same.

-Will Guidara, a few excerpts from Unreasonable Hospitality: The Remarkable Power of Giving People More Than They Expect


Not much improved....................

 

     Technology is fine, but the scientists and engineers only partially think through their problems.  They solve certain aspects but not the total, and as a consequence it is slapping us back in the face very hard.

-Evelyn Fox Keller, A Feeling for the Organism: The Life and Work of Barbara McClintock, 1983


hard enough to control your own.................

 

      The fact is, it is impossible to control someone else's thoughts.  Therefore, fearing what other people think, or trying to control their thoughts, is a complete waste of your time.

     You will never feel in control of your life, your feelings, your thoughts, or your actions until you stop being consumed with or trying to control what other people think about you.

-Mel Robbins, The Let Them Theory


Alexander.......................

 

The boy-emperor, barbarian though he remained after all of Aristotle's tutoring, had yet learned to revere the rich culture of Greece, and had dreamed of spreading that culture through the Orient in the wake of his victorious armies. . . .But he had underrated the inertia and resistance of the Oriental mind, and the mass and depth of Oriental culture.  It was only a youthful fancy, after all, to suppose that so immature and unstable a civilization as that of Greece could be imposed upon a civilization immeasurable more widespread, and rooted in the most venerable traditions.  The quantity of Asia proved too much for the quality of Greece.  Alexander himself, in the hour of his triumph, was conquered by the soul of the East; he married (among several ladies) the daughter of Darius; he adopted the Persian diadem and robe of state; he introduced into Europe the Oriental notion of the divine right of kings; and at last he astonished a sceptic Greece by announcing, in magnificent Eastern style, that he was a god.  Greece laughed; and Alexander drank himself to death.

-Will Durant, The Story of Philosophy


This is just.............................

 

..............................................bananas.


Our guiding star....................

 

...............................has turned twenty!