Saturday, March 19, 2022
Heart......................
More says to his arch-enemy Cromwell, “What you have hunted me for is not my actions, but the thoughts of my heart. It is a long road you have opened. For first men will disclaim their hearts and presently they will have no hearts. God help the people whose Statesmen walk your road.”
Thursday, March 17, 2022
moderately........................
"The man who works so moderately as to be able to work constantly," wrote Adam Smith, "not only preserves his health the longest, but in the course of the year, executes the greatest quantity of work." Yes, doing less is a way to be kinder to yourself, and to be more present to the world around you – but paradoxically, it's also an excellent way to get more done.
-Oliver Burkeman, from here
Sometimes............
Laying on my back, watching the stars emerge, I was struck by how they'd been there all along, invisibly lining my day even when I couldn't see them. Sometimes the darkness reveals, it's ways more mysterious than light's. Sometimes the darkness gives a gift of stars by which we can navigate our way home.
-Boyd Varty, Cathedral of the Wild
Our old friend inflation is back..........
Making more money is one of those things no one teaches you how to do but it’s probably your best bet for improving your standard of living over the long haul.
I know putting inflation hedges on your portfolio is the sexier option but you have more control over your personal finances than the markets when it comes to fighting inflation.
Wednesday, March 16, 2022
A pretty good rule..............
The first rule of a happy life is low expectations. If you have unrealistic expectations you’re going to be miserable your whole life. You want to have reasonable expectations and take life’s results good and bad as they happen with a certain amount of stoicism.
-Charlie Munger, as culled from here
Common Sense..................
PERHAPS the sentiments contained in the following pages are not yet sufficiently fashionable to procure them general favor. A long habit of not thinking a thing wrong gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides. Time makes more converts than reason.
-Thomas Paine, from the Introduction to Common Sense
Simple.......................
When there are multiple solutions to a problem, choose the simplest one.
The greatest enemy of a good plan is the dream of a perfect plan.” Stick to the good plan. Traditional.
It takes wisdom to know what we don’t know.
So please don't forget that considering the probabilities of future returns only begins the decision-making process. Decisions have consequences. If the consequences of being badly wrong about future returns would imperil your financial future, be conservative.
-John C. Bogle, as excerpted from The Little Book of Common Sense Investing
partial, imperfect fulfillment.........
By contrast, the African-American poet Langston Hughes sang in 1935: "O, let America be America again— / The land that never has been yet— /And yet must be—the land where every man is free." Free to move, to invent, to persuade, to offer a dollar, with no master in charge. The result of liberal democracy's partial, imperfect fulfillment has been a slow but in the end spectacular approach worldwide to flourishing, in which fewer and fewer people are pushed or bossed around without their voluntarily given consent or contract.
-Deirdre Nansen McCloskey, Why Liberalism Works: How True Liberal Values Produce A Freer, More Equal, Prosperous World For All
Swinging......................
There is an old expression that says, "No risk, no reward." I say, "No risk, no nothing." All creative people take risks. It is the nature of the process. Daring to think something new or try something new. . . .Wherever your creativity takes you, risk comes along for the ride - it's a natural part of the process - enjoy the thrill of it like you would a roller coaster ride. Fail to hit a baseball two out of three times for 20 years and you'll go to the hall of fame witha .333 batting average.
-Jeffrey Gitomer, Little Red Book of Selling
It's noisy out there.....................
The phrase "still, small voice" comes from the King James Version's rendering of the "sheer silence" in the Elijah story, an interpretation that isn't the best translation of the Hebrew but that does represent well the nature of God's communications with us. The sovereign King of the universe, to our surprise, does not often trumpet his message to his subjects. God's volume knob is rarely turned all the way to the right; his voice in our ears is subtle, restrained, even easy to miss.
In the background...........................
Monday, March 14, 2022
watching the radio..................
The only problem was that just as we were becoming stars, vaudeville was dying. No one could pin the rap on us, though. Everybody believes it was the movies that killed vaudeville. That's not true. Movies, vaudeville, burlesque, the local stock companies—all survived together. Then radio came in. For the first time people didn't have to leave their homes to be entertained. The performers came into their house. Gracie and I knew that vaudeville was finished when theaters began advertising that their shows would be halted for fifteen minutes so that the audiences could listen to "Amos 'n' Andy." And when the "Amos 'n' Andy" program came on, the vaudeville would stop, they would bring a radio onstage, and the audience would sit there watching the radio.
It's impossible to explain the impact that radio had on the world to anyone who didn't live through that time. Before radio, people had to wait for the newspaper to learn what was happening in the world. Before radio, the only way to see a performer was to see a performer. And maybe most important, before radio there was no such thing as a commercial.
-George Burns, Gracie: A Love Story
European history is so fascinating......
By autumn 1558 when Elizabeth came to the throne, Philip II [Spain] and Henry II [France] had begun their peace negotiations. Military operations had ceased, and both realms were determined to make a lasting peace primarily due to their own financial chaos and religious strife in the Spanish-held Low Countries and France. Besides, Philip had wars of religion he was fighting against the Turks in North Africa and the western Mediterranean, and internally against the Moriscos in Spain. The last thing he could literally afford was to fight a powerful Catholic monarch like the King of France. For Philip, matters of religion always took precedence over temporal matters, and it was essential that Catholic governments unite against the very real expansionist threat of the Turkish Empire and the spread of Calvinism. Elizabeth and Cecil, who both had known Philip well when he had been king consort of England, did not need to listen to the incessant distortions swirling on the winds to know that the greatest danger they faced would be a Catholic League against a Protestant monarchy in England. . . .The potential treat of an invasion from France, or from the French in Scotland, was very real, and the only way Elizabeth saw to forestall this was to pander to Philip's paranoia.
-Susan Ronald, The Pirate Queen: Queen ElizabethI, Her Pirate Adventurers, and the Dawn of Empire
As one thing leads to another..........
For the French, helping the American rebels held obvious allure. It presented an opportunity to avenge their defeat in the Seven Years' War. True, the territorial loss of Canada could be exaggerated—Voltaire infamously dismissed Canada as "a few acres of snow." It was also true the economic impact of the defeat could be exaggerated—France retained control over her Caribbean colonies, where enslaved Africans produced the sugar, coffee, and cotton generating the real wealth of the French colonial empire. But statecraft was not all hard economics: pride and prestige were important, too. Since the end of the last war, the French had wallowed in national resentment. Any chance to knock the British down a peg was a chance worth taking. The public certainly seemed enthusiastic. When the rebellion in America broke out, the cause of les insurgents became all the rage in French society.
-Mike Duncan, Hero of Two Worlds: The Marquis de Lafayette in the Age of Revolution
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