Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.~Jim Grant
Warren Buffet has been a genius in picking companies and industries that will grow an investment. He is 83 now and his huge estate, when he dies, will default into index funds. Not to a bright stock picker. Not to a successful fund. It will go to index funds. (He likes Vanguard and Blackrock.) "The goal of the non-professional should not be to pick winners – neither he nor his 'helpers' can do that – but should rather be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal," he said in his letter to investors.
Rocky Marciano, born Rocco Francis Marchegiano, is the only champion to hold the heavyweight title and go untied and undefeated throughout his career. Marciano defended his title six times, against Jersey Joe Walcott, Roland LaStarza, Ezzard Charles (2x), Don Cockell and Archie Moore.
Who was.....Fanny Kaplan?
Chelsea Clinton says she's stepping away from her correspondent job at NBC. Clinton came to NBC with little journalism experience, and her reported $600,000 salary raised eyebrows in the industry. I wonder why NBC thought she was worth that much.
Causation vs. correlation: The growth in sales of organic produce in the past decade matches the rise of autism, almost exactly. So does the rise in sales of high-definition televisions, as well as the number of Americans who commute to work every day by bicycle. So what's a radical to do?
There is anxiety over crossing natural lines with scientific advances. The great outrage is over genetically modified organisms. Yet surgeons routinely suture pig valves into the hearts of humans; the operation has kept tens of thousands of people alive. Synthetic insulin, the first genetically modified product, is consumed each day by millions of diabetics. To make the drug, scientists insert human proteins into a common bacteria, which is then grown in giant industrial vats. Protesters don’t march to oppose those advances. Wonder why?
According to a DOT study the average transit bus logs about 37,000 miles a year and gets about 5 mpg.
From the "Okay. That's Enough." Department: The Japanese have a 'try-before-you-die' festival where people can lie down in coffins, try out funeral garments and even get a morbid makeover. Called the Shukatsu Festa, the event has become very popular in recent years. Participants can choose their funeral outfit, put it on, slip into the flower-filled casket they like and have a picture taken. That way, they get to know exactly what they'll look like on the day of their funeral.
About half the flat road energy use in Class 8 trucks goes to overcoming aerodynamic drag; most trucks averaging between 5.5 and 6.5 mpg. Cummins and Peterbilt Motors Company, however, with advances in engines, aerodynamics and more, achieved 10.7 miles-per-gallon last month under real world driving conditions.
Portolan chart: from the Italian word portolano, meaning “a collection of sailing directions,” they were navigational maps based on compass directions and estimated distances observed by the pilots at sea. They were linked to national commerce success and often considered state secrets. The quality of some is astonishing.
The Capital Grille, the Darden Restaurants' high-end chain, is the top full-service steakhouse restaurant, according to the market researchers at Technomic. The Capital Grille's average check per person was approximately $69 to $76, perhaps explaining why they weren't perceived as a particular value and ranking low on the Market Force Information survey in that category, particularly when Texas Roadhouse reported its average check was $15.80 per guest. A few chains were left off the list, such as Morton's and Ruth's Chris Steak House.
Golden oldie:
http://steeleydock.blogspot.com/2010/10/economic-generation.html
‘The North Polar ice cap is falling off a cliff. It could be completely gone in summer in as little as seven years. Seven years from now.’ Those comments came in 2007 as Former Vice-President Gore accepted the Nobel Peace Prize for his campaigning on climate change. Contrary to these predictions, the Arctic ice cap has expanded for the second year in succession – with a surge, depending on how you measure it, of between 43 and 63 per cent since 2012. The ice cap in 2012 was 3.91 million square kilometers while in 2014 it is 5.62 million. What this means is not known, of course. Nor should Gore's overstatement be taken as definitive evidence that he is a fool. All of these observations, both for and against global warming, are using observations with small samples and short periods. No reasonable scientist would generalize on them--or on their failures.
In moving away from areas of high taxation to areas less taxed, companies are following logical, time-honored behavior. This is similar to withdrawing one's hand from heat or shielding one's eyes from the sun. It is a basic action-reaction phenomenon. While economic laws are written with less a firm hand, is the insistence that companies ignore this law any more reasonable than the belief in a 5000 year old earth?
AAAAaaaaannnnnddddddd.......a 13th Century portolan chart. One of the most remarkable and mysterious technical advances in the history of the world written on the hide of a 13th-century calf. Inked into the vellum is a chart of the Mediterranean so accurate that ships today could navigate with it. Most earlier maps that included the region were not intended for navigation and were so imprecise that they are virtually unrecognizable to the modern eye:
Warren Buffet has been a genius in picking companies and industries that will grow an investment. He is 83 now and his huge estate, when he dies, will default into index funds. Not to a bright stock picker. Not to a successful fund. It will go to index funds. (He likes Vanguard and Blackrock.) "The goal of the non-professional should not be to pick winners – neither he nor his 'helpers' can do that – but should rather be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal," he said in his letter to investors.
Rocky Marciano, born Rocco Francis Marchegiano, is the only champion to hold the heavyweight title and go untied and undefeated throughout his career. Marciano defended his title six times, against Jersey Joe Walcott, Roland LaStarza, Ezzard Charles (2x), Don Cockell and Archie Moore.
Who was.....Fanny Kaplan?
Chelsea Clinton says she's stepping away from her correspondent job at NBC. Clinton came to NBC with little journalism experience, and her reported $600,000 salary raised eyebrows in the industry. I wonder why NBC thought she was worth that much.
Causation vs. correlation: The growth in sales of organic produce in the past decade matches the rise of autism, almost exactly. So does the rise in sales of high-definition televisions, as well as the number of Americans who commute to work every day by bicycle. So what's a radical to do?
There is anxiety over crossing natural lines with scientific advances. The great outrage is over genetically modified organisms. Yet surgeons routinely suture pig valves into the hearts of humans; the operation has kept tens of thousands of people alive. Synthetic insulin, the first genetically modified product, is consumed each day by millions of diabetics. To make the drug, scientists insert human proteins into a common bacteria, which is then grown in giant industrial vats. Protesters don’t march to oppose those advances. Wonder why?
According to a DOT study the average transit bus logs about 37,000 miles a year and gets about 5 mpg.
From the "Okay. That's Enough." Department: The Japanese have a 'try-before-you-die' festival where people can lie down in coffins, try out funeral garments and even get a morbid makeover. Called the Shukatsu Festa, the event has become very popular in recent years. Participants can choose their funeral outfit, put it on, slip into the flower-filled casket they like and have a picture taken. That way, they get to know exactly what they'll look like on the day of their funeral.
About half the flat road energy use in Class 8 trucks goes to overcoming aerodynamic drag; most trucks averaging between 5.5 and 6.5 mpg. Cummins and Peterbilt Motors Company, however, with advances in engines, aerodynamics and more, achieved 10.7 miles-per-gallon last month under real world driving conditions.
Portolan chart: from the Italian word portolano, meaning “a collection of sailing directions,” they were navigational maps based on compass directions and estimated distances observed by the pilots at sea. They were linked to national commerce success and often considered state secrets. The quality of some is astonishing.
The Capital Grille, the Darden Restaurants' high-end chain, is the top full-service steakhouse restaurant, according to the market researchers at Technomic. The Capital Grille's average check per person was approximately $69 to $76, perhaps explaining why they weren't perceived as a particular value and ranking low on the Market Force Information survey in that category, particularly when Texas Roadhouse reported its average check was $15.80 per guest. A few chains were left off the list, such as Morton's and Ruth's Chris Steak House.
Golden oldie:
http://steeleydock.blogspot.com/2010/10/economic-generation.html
‘The North Polar ice cap is falling off a cliff. It could be completely gone in summer in as little as seven years. Seven years from now.’ Those comments came in 2007 as Former Vice-President Gore accepted the Nobel Peace Prize for his campaigning on climate change. Contrary to these predictions, the Arctic ice cap has expanded for the second year in succession – with a surge, depending on how you measure it, of between 43 and 63 per cent since 2012. The ice cap in 2012 was 3.91 million square kilometers while in 2014 it is 5.62 million. What this means is not known, of course. Nor should Gore's overstatement be taken as definitive evidence that he is a fool. All of these observations, both for and against global warming, are using observations with small samples and short periods. No reasonable scientist would generalize on them--or on their failures.
In moving away from areas of high taxation to areas less taxed, companies are following logical, time-honored behavior. This is similar to withdrawing one's hand from heat or shielding one's eyes from the sun. It is a basic action-reaction phenomenon. While economic laws are written with less a firm hand, is the insistence that companies ignore this law any more reasonable than the belief in a 5000 year old earth?
AAAAaaaaannnnnddddddd.......a 13th Century portolan chart. One of the most remarkable and mysterious technical advances in the history of the world written on the hide of a 13th-century calf. Inked into the vellum is a chart of the Mediterranean so accurate that ships today could navigate with it. Most earlier maps that included the region were not intended for navigation and were so imprecise that they are virtually unrecognizable to the modern eye:
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