- Don’t lose money. I’m not kidding, that’s the first tip. Would anyone advise “Lose money”? No. So this “tip” is useless.
- Look for investments in which rewards far outweigh risks. Would anyone advise “Look for investments in which risks far outweigh rewards’? No. Robbins recommends using “the 5-to-1 rule,” in which the potential returns on an investment are 5 times greater than the potential losses. Why 5? Why not 10? Or 100? Where do you find these investments? I have no idea.
- Don’t overpay taxes. Would anyone advise “Overpay taxes”? No.
- Diversify. Would anyone advise “Don’t diversify”? Possibly. There’s a couple of schools of thought on diversification: 1) Don’t put all your eggs in one basket; and 2) Put all your eggs in one basket, then watch that basket. So there’s a tip for you: Diversify.
- Watch out for mindless spending. Would anyone advise “Spend mindlessly”? No. Robbins says if you spend $40 a week on restaurant meals, consider inviting friends over for a low-cost dinner at home instead. “In a year, you’ll have saved $2,000. If you invest that $2,000 every year, in 40 years you’ll have half a million dollars.” No, in 40 years you’ll have $80,000. Maybe. Given some assumptions about your rate of return, you might have half a million dollars, but on the other hand, you might make some bad investments and wind up with nothing.
- Stop sabotaging yourself. Would anyone advise “Sabotage yourself”? No.
Notes from the Golden Orange
[Hillary Clinton] is especially poor at the podium, where, when she wants to emphasize an applause line, her voice becomes loud, flat and harassing to the ear. She lately reminds me of the landlady yelling up the stairs that your kids left their bikes in the hall again. Literally that’s how it sounds: “And we won’t let them roll back the progress we’ve made. Your kids left their bikes in the hall.”
We’re talking about Elizabeth I of course, not the current queen, Elizabeth II.
The reign of Elizabeth I (1558-1603), now remembered as the Elizabethan Era, coincided with the flowering of the English Renaissance and is considered the golden age of England. The reign of Elizabeth II, meanwhile, has coincided with the decline of England into irrelevance and is unlikely to remembered by name in a fond way.
Democrats don’t like him and Republicans don’t like him either.
The overarching theme of American politics is Democrats vs. Republicans, Team Blue vs. Team Red. It’s a freakishly expensive clown show for which we pay trillions of dollars a year to watch the Red clowns and the Blue clowns throw pies in each other’s faces.
Nobody really cares about truth, substance or common sense, only whether their team is winning.
When Obama replaced Bush, Democrats didn’t care that Obama kept all the same wars going and started a few new ones, kept the torture programs going, kept Guantanamo open, ramped up drone warfare, cozied up to Wall Street, etc., etc., etc. All the things they hated when Bush was doing them were okay now because their team was winning.
Elect Hillary Clinton and we’ll get four to eight years of trench warfare against Republicans. Elect a Republican candidate (other than Trump) and we’ll get four to eight years of trench warfare against Democrats. At a cost of trillions of dollars per year.
This election offers a unique choice — Trump — the best chance we may ever have to blow up the system and start over, which is long overdue.
Just give me one thing, Lord
That I can hold on to
To believe in this livin’
Is just a hard way to go
It’s a little hard to read the subtitle on the book cover but — “Savvy”?! I don’t think I want to work with clinicians who consider themselves “savvy.”
Being “savvy” sounds like a poor substitute for actually knowing something. I’m not fully informed but I’m “savvy.” I’m “with it.” I’m “in the know.”
Even at this late hour, I set myself to be a better and simpler man . . .
I have yet to see any problem, however complicated, which, when looked at in the right way, did not become still more complicated. — Poul Anderson
Again I reply to the triple winds
running chromatic fifths of derision
outside my window:
You will not succeed. I am
bound more to my sentences
the more you batter at me
to follow you.
And the wind,
as before, fingers perfectly
its derisive music.
Boy, 9, mauled to death by dogs in Yuba County — The Sacramento Bee
Hi everybody! It’s me, Lightning!
This article says that a 9-year-old (in human years) boy was killed by 3 pit bulls that belonged to his older sister. It says that his sister has an affinity for pit bulls because she thinks that pit bulls are not dangerous even though a lot of people say they are dangerous and that is not fair to pit bulls.
I don’t what an affinity is but it must be something that can kill you or your little brother.
Wait — my owner says “affinity” means something you like, like he has an affinity for pugs and because he has an affinity for pugs, all of his family members are still alive.
If you own a pit bull, you also need to have a pug to keep the pit bull in check.
Time marches on!! We are all dying!!! We are coming to the end of our lives!!! Happy New Year!!!
These are the books I read in 2015, roughly in the order listed. The ratings are mine. They don’t represent a consensus of opinion.
Books of the Year: Hotel World by Ali Smith (fiction) and Humans of New York: Stories by Brandon Stanton (non-fiction).
Honorable Mention: Special Topics in Calamity Physics, The Prime of Miss Jean Brodie, Disgrace, Lament for a Maker, Nothing.
I’m an engineer. If you ask me to solve a problem like Maria, I’ll solve it.
Confess, ye miscreants, sight unseen, the truth of what I have proclaimed, or meet my vengeance in the field of battle!
I know the lyrics to a lot of songs . . . not current hits so much but if we’re listening to an oldies type of radio station, which we, the Epps family, are doing in the car right now, I pretty much know every song they play.
“I should be a singer,” I announce. “I would have a tremendous repertoire of songs.”
“But you can’t sing,” my son says.
“Hmmm . . . that’s a legitimate point that I don’t really have an answer for.”
Carol Dweck’s research is part of a tradition in psychology that shows the power of people’s beliefs. These may be beliefs that we’re aware of or unaware of but they strongly affect what we want and whether we succeed in getting it. This tradition also shows how changing people’s beliefs can have profound effects.
Dweck’s insight into fixed mindset (bad) vs. growth mindset (good) is powerful but there’s really not enough to it to sustain a book-length exposition without a lot of repetition and illustrational anecdotes, the problem with which is 1) they tend to be overly simple tales of triumph and failure with clearly identified causes; and 2) they ignore the inevitability of regression.
For example, two of the people Dweck identifies as exemplars of the growth mindset are Tiger Woods and Alex Rodriguez. Mindset was published in 2006, after which Woods’s career imploded in the wake of extramarital affairs with 100 or so women, and Rodriguez was suspended from baseball for cheating.
Among the companies singled out as possessing a growth mindset is Circuit City, which announced in January 2009 that it was going out of business.
Don’t get me wrong here, I think Dweck’s work is insightful and illuminating, I just don’t think it works well as a book. For a shorter introduction, try, for example, “The Secret to Raising Smart Kids,” recently published in Scientific American.
How are these two ideas about Islam and Muslims, seemingly held simultaneously by a lot of people, not completely incompatible with each other:
- Islam is a religion of peace and Muslims are peaceful folks (e.g., Hillary Clinton: “Muslims are peaceful and tolerant people, and have nothing whatsoever to do with terrorism.”)
- We must be careful not to offend Muslims because if we do, they will kill us (e.g., Hillary Clinton: “They are going out to people showing videos of Donald Trump insulting Islam and Muslims in order to recruit more radical jihadists.”)
What am I missing?
A Pennsylvania high school has removed Mark Twain’s Adventures of Huckleberry Finn from its 11th-grade curriculum after complaints from students who said they were made “uncomfortable” by the novel.
The school’s principal defended the decision to remove the book from the curriculum. “I do not believe that we’re censoring,” he said. “I really do believe that this is an opportunity for the school to step forward and listen to the students.”
He went on to add, “War is peace, freedom is slavery, ignorance is strength.” Because if suppression of material you deem objectionable is not censoring, what is?
As Kurt Vonnegut used to say, “Have somebody read the First Amendment to the United States Constitution out loud to you, you God damned fool!”