@TgMacro@dailydirtnap Great show! Would disagree with the real estate allocation in regard to not using the total value of the homestead. Not sure there is a perfect answer but seems if I have a $10 mil house w $9.5 mil in debt on it and $2.5 mil in assets then that is too much RE exposure.
En 1979, un presentador de TV le preguntó a Milton Friedman si no le daba vergüenza defender un sistema basado en la codicia.
La respuesta se estudia hasta hoy:
«—Cuando ves la mala distribución de la riqueza, tan pocos que tienen tanto y tantos que no tienen nada… ¿nunca has dudado del capitalismo, de si la codicia es una buena idea?
—Primero dime: ¿conoces alguna sociedad que NO funcione con codicia? ¿Crees que Rusia no funciona con codicia? ¿Que China no?
¿Y qué es la codicia? Ninguno de nosotros es codicioso, claro. El codicioso siempre es el otro.
Los grandes logros de la civilización no salieron de despachos del gobierno. Einstein no construyó su teoría por orden de un burócrata. Ford no revolucionó el automóvil así.
Los únicos casos en la historia en los que las masas escaparon de la pobreza son aquellos donde hubo capitalismo y libre comercio.
—Pero parece premiar la habilidad de manipular el sistema, no la virtud.
—¿Y qué premia la virtud? ¿Crees que un comisario comunista premia la virtud? ¿Un Hitler? ¿Crees que los presidentes americanos eligen sus cargos por virtud… o por peso político?
Dime: ¿dónde están esos ángeles que van a organizar la sociedad por nosotros?
Yo ni siquiera confío en ti para hacerlo.»
During the 2004 Rock and Roll Hall of Fame induction ceremony, held in tribute to George Harrison, an all-star performance of “While My Guitar Gently Weeps” brought together Tom Petty, Jeff Lynne, Steve Winwood, Prince and Steve Ferrone. Prince’s solo delivered with little indication beforehand of just how explosive it would become, completely stole the spotlight, leaving the other musicians visibly stunned onstage. The performance has since become one of the most celebrated moments in Rock Hall history.
@robprogressive In the US it is not just that government takes some of the profit but also limit losses to $3,000 per annum. So make $100k and get stuck with $20k in tax. Lose $100k and write off $3k per annum for 3 decades.
I was an uptight 32-year-old who'd just left Goldman.
Barely any money when I started my own business.
So naturally my pompous little ass joined the Harvard Club — I wanted people to know I went to Harvard.
Four years of breakfast meetings, prospect after prospect.
Meanwhile Joaquin is busing my table every morning.
We'd chat often and I tipped well.
One day he comes over and says — Mr. Anthony, you manage money, right? We've had a personal injury situation.
My family just came into $35 million. You've always been kind to me.
Would you manage it?
The guy busing my table had a higher net worth than I did.
Be good to people. All of it comes back around.
@DynamicMoats Little chance the Saudis or Israelis would agree to this. Saudis would rather cement their wells in rather than allow Iran to fleece them and control the Strait. Research OPEC. It is not about logic at that point. H/T HFI.
When you win, be kind.
When you are ignored, be kind.
When you are stuck, be kind.
When you are upset, be kind.
When disappointed, be kind.
When you are in doubt, be kind.
When you are scared, be kind.
Being kind is not a sign of weakness.
Kindness will always serve you well.
Just after sunset near Flagstaff, Arizona, a developing storm cloud caught the last light of day in a rare way.
As the Sun dipped below the horizon, its rays passed through a thin veil of high-altitude ice crystals above the storm. Instead of a simple glow, the light split and spread into shifting bands of color that rippled along the cloud’s edge. From the ground, it looked like a painted wave suspended in the sky.
This wasn’t fire or aurora.
It was cloud iridescence...an optical effect that appears when sunlight diffracts through tiny, uniformly sized droplets or ice crystals. The swirling shapes came from upper-level winds stretching the cloud layers while the color followed the light.
Moments like this don’t last long.
As the Sun dropped lower and the angle changed, the spectrum faded back into gray, leaving behind only the memory of a cloud that seemed to glow from within.
🚨: After 48 years of travel, NASA 's Voyager 1 is nearing one light-day from Earth, almost 16 billion miles away.
A proud milestone for humanity, and a humbling reminder of how small we are in an infinite universe.