Interesting article from the New York mag: Life Sciences is a health-science magnet school with high aspirations but 700 students whose main attributes are being predominantly minority and low achieving. Blackwell split her kids into two groups for an eight-session workshop. The control group was taught study skills, and the others got study skills and… Continue reading How not to talk to your kids
“Successful people suffer through catastrophes and bankruptcies. The successful person fails many times and bounces back. The failure fails only once, letting that one failure become a judgement of his worth, and thus his label.” From a well-designed PDF summary of The Now Habit by Neil Fiore, which is moving straight to the top of… Continue reading Successful people vs. Failures
Every once in a while you find a book that speaks to you in a way you don’t understand. The story in itself ebbs and flows like the tide of water on a beach of characters that teach you more about yourself than you can consciously comprehend. The elegant prose so enraptures you in its… Continue reading A River Runs Through It by Norman Maclean
I’m smack in the middle of a personal challenge to read at least one book every week. The erudition section of this blog is my attempt to chronicle my challenge and galvanize a lifetime of curiosity and learning. If you have read any of these books before, or happen to pick one up and find… Continue reading Lucky or Smart by Bo Peabody — “Smart Enough to Realize I Was Getting Lucky”
I’m smack in the middle of a personal challenge to read at least one book every week. The erudition section of this blog is my attempt to chronicle my challenge and galvanize a lifetime of curiosity and learning. If you have read any of these books before, or happen to pick one up and find… Continue reading The Millionaire Fastlane by MJ DeMarco — See the Process Behind the Product
<picture missing> Pictured above is part of my anti-library. The first bottom row are unread or partly-read books. The back row and shelf are either read or reference books. What’s an anti-library? In The Black Swan, Taleb talks about Umberto Eco’s collection of 30,000 unread books. These books represent Eco’s anti-library, the reservoir of information… Continue reading My Anti-library
From Forget About Black Swans, the One Ahead is Neon on the Wall Street Journal:
As Nassim Nicholas Taleb’s bestseller “The Black Swan” made clear, the human mind is poorly equipped to prepare us for rare, important and unpredictable events. But maybe our minds—and our markets—aren’t very well equipped to protect us against neon swans, either.
Many investors seem to be coping with what seems like an obvious risk simply by closing their eyes.
…If the U.S. defaults or its credit rating is downgraded, says William Bernstein of Efficient Frontier Advisors in Eastford, Conn., Treasury prices would probably “go to 97 or 98,” losing only a few percentage points in value. “You’re not going to wake up one morning over the next couple of weeks and find they’re priced at 50 cents on the dollar,” says Mr. Bernstein.
“It is absolutely inconceivable that we would flat-out default and not pay anything,” he adds. “The worst-case scenario is a very temporary payment problem, and I think the Treasury market knows that.”
But the ripple effects could be considerable. Mr. Bernstein expects corporate and municipal bonds to drop much more drastically if the Treasury market is hit by default or downgrade. And stocks, he says, could be massacred. For investors with cash and courage, a crisis in U.S. Treasurys might well pose a historic buying opportunity. If, instead, it turns out to be “like a giant asteroid hitting the earth, Mr. Bernstein says, “then there isn’t much of anything that’s likely to protect you.”
This article may be outdated since they raised the debt ceiling recently, but it’s still a good read.
A long time ago, I gave up believing in the Catholic man-in-the-sky that I was raised to believe in. I just figured, my life should be up to me, why would I need another entity to steer the course of my life? If you ever struggle with the belief in a god or religion, then hopefully… Continue reading Atheists, On Why They Don’t Believe In God
I’m smack in the middle of a personal challenge to read at least one book every week. Because of school and work, I’m currently 13 books behind and playing catch-up. The erudition section of this blog is my attempt to chronicle my challenge and galvanize a lifetime of curiosity and learning. If you have read… Continue reading The Alchemist by Paulo Coelho — Follow Your Personal Legend