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If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person—you already feel fortunate. An optimistic attitude is largely inherited, and it is part of a general disposition for well-being, which may also include a preference for seeing the bright side of everything. If you were allowed one wish for your child, seriously consider wishing him or her optimism. Optimists are normally cheerful and happy, and therefore popular; they are resilient in adapting to failures and hardships, their chances of clinical depression are reduced, their immune system is stronger, they take better care of their health, they feel healthier than others and are in fact likely to live longer. A study of people who exaggerate their expected life span beyond actuarial predictions showed that they work longer hours, are more optimistic about their future income, are more likely to remarry after divorce (the classic “triumph of hope over experience”), and are more prone to bet on individual stocks. Of

I watched the shadow of our plane hastening below us across hedges and fences, rows of poplars and canals … Nowhere, however, was a single human being to be seen. No matter whether one is flying over Newfoundland or the sea of lights that stretches from Boston to Philadelphia after nightfall, over the Arabian deserts which gleam like mother-of-pearl, over the Ruhr or the city of Frankfurt, it is as though there were no people, only the things they have made and in which they are hiding. One sees the places where they live and the roads that link them, one sees the smoke rising from their houses and factories, one sees the vehicles in which they sit, but one sees not the people themselves. And yet they are present everywhere upon the face of the earth, extending their dominion by the hour, moving around the honeycombs of towering buildings and tied into networks of a complexity that goes far beyond the power of any one individual to imagine, from the thousands of hoists and winches that once worked the South African diamond mines to the floors of today's stock and commodity exchanges, through which the global tides of information flow without cease. If we view ourselves from a great height, it is frightening to realize how little we know about our species, our purpose and our end, I thought, as we crossed the coastline and flew out over the jelly-green sea.

Morgan then formed the U.S. Steel Corporation, combining Carnegie’s corporation with others. He sold stocks and bonds for $1,300,000,000 (about 400 million more than the combined worth of the companies) and took a fee of 150 million for arranging the consolidation. How could dividends be paid to all those stockholders and bondholders? By making sure Congress passed tariffs keeping out foreign steel; by closing off competition and maintaining the price at $28 a ton; and by working 200,000 men twelve hours a day for wages that barely kept their families alive. And so it went, in industry after industry—shrewd, efficient businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies. These industries were the first beneficiaries of the “welfare state.

He was completely detached from every thing except the story he was writing and he was living in it as he built it. The difficult parts he had dreaded he now faced one after another and as he did the people, the country, the days and the nights, and the weather were all there as he wrote. He went on working and he felt as tired as if he had spent the night crossing the broken volcanic desert and the sun had caught him and the others with the dry gray lakes still ahead. He could feel the weight of the heavy double-barreled rifle carried over his shoulder, his hand on the muzzle, and he tasted the pebble in his mouth. Across the shimmer of the dry lakes he could see the distant blue of the escarpment. Ahead of him there was no one, and behind was the long line of porters who knew that they had reached this point three hours too late. It was not him, of course, who had stood there that morning, nor had he even worn the patched corduroy jacket faded almost white now, the armpits rotted through by sweat, that he took off then and handed to his Kamba servant and brother who shared with him the guilt and knowledge of the delay, watching him smell the sour, vinegary smell and shake his head in disgust and then grin as he swung the jacket over his black shoulder holding it by the sleeves as they started off across the dry-baked gray, the gun muzzles in their right hands, the barrels balanced on their shoulders, the heavy stocks pointing back toward the line of porters. It was not him, but as he wrote it was and when someone read it, finally, it would be whoever read it and what they found when they should reach the escarpment, if they reached it, and he would make them reach its base by noon of that day; then whoever read it would find what there was there and have it always.

There are sparkles of rain on the bright Hair over your forehead; Your eyes are wet and your lips Wet and cold, your cheek rigid with cold. Why have you stayed Away so long, why have you only Come to me late at night After walking for hours in wind and rain? Take off your dress and stockings; Sit in the deep chair before the fire. I will warm your feet in my hands; I will warm your breasts and thighs with kisses. I wish I could build a fire In you that would never go out. I wish I could be sure that deep in you Was a magnet to draw you always home. from "Runaway

THOSE BORN UNDER Pacific Northwest skies are like daffodils: they can achieve beauty only after a long, cold sulk in the rain. Henry, our mother, and I were Pacific Northwest babies. At the first patter of raindrops on the roof, a comfortable melancholy settled over the house. The three of us spent dark, wet days wrapped in old quilts, sitting and sighing at the watery sky. Viviane, with her acute gift for smell, could close her eyes and know the season just by the smell of the rain. Summer rain smelled like newly clipped grass, like mouths stained red with berry juice — blueberries, raspberries, blackberries. It smelled like late nights spent pointing constellations out from their starry guises, freshly washed laundry drying outside on the line, like barbecues and stolen kisses in a 1932 Ford Coupe. The first of the many autumn rains smelled smoky, like a doused campsite fire, as if the ground itself had been aflame during those hot summer months. It smelled like burnt piles of collected leaves, the cough of a newly revived chimney, roasted chestnuts, the scent of a man’s hands after hours spent in a woodshop. Fall rain was not Viviane’s favorite. Rain in the winter smelled simply like ice, the cold air burning the tips of ears, cheeks, and eyelashes. Winter rain was for hiding in quilts and blankets, for tying woolen scarves around noses and mouths — the moisture of rasping breaths stinging chapped lips. The first bout of warm spring rain caused normally respectable women to pull off their stockings and run through muddy puddles alongside their children. Viviane was convinced it was due to the way the rain smelled: like the earth, tulip bulbs, and dahlia roots. It smelled like the mud along a riverbed, like if she opened her mouth wide enough, she could taste the minerals in the air. Viviane could feel the heat of the rain against her fingers when she pressed her hand to the ground after a storm. But in 1959, the year Henry and I turned fifteen, those warm spring rains never arrived. March came and went without a single drop falling from the sky. The air that month smelled dry and flat. Viviane would wake up in the morning unsure of where she was or what she should be doing. Did the wash need to be hung on the line? Was there firewood to be brought in from the woodshed and stacked on the back porch? Even nature seemed confused. When the rains didn’t appear, the daffodil bulbs dried to dust in their beds of mulch and soil. The trees remained leafless, and the squirrels, without acorns to feed on and with nests to build, ran in confused circles below the bare limbs. The only person who seemed unfazed by the disappearance of the rain was my grandmother. Emilienne was not a Pacific Northwest baby nor a daffodil. Emilienne was more like a petunia. She needed the water but could do without the puddles and wet feet. She didn’t have any desire to ponder the gray skies. She found all the rain to be a bit of an inconvenience, to be honest.

Big and little they went on together to Molalla, to Tuska, to Roswell, Guthrie, Kaycee, to Baker and Bend. After a few weeks Pake said that if Diamond wanted a permanent traveling partner he was up for it. Diamond said yeah, although only a few states still allowed steer roping and Pake had to cover long, empty ground, his main territory in the livestock country of Oklahoma, Wyoming, Oregon and New Mexico. Their schedules did not fit into the same box without patient adjustment. But Pake knew a hundred dirt road shortcuts, steering them through scabland and slope country, in and out of the tiger shits, over the tawny plain still grooved with pilgrim wagon ruts, into early darkness and the first storm laying down black ice, hard orange-dawn, the world smoking, snaking dust devils on bare dirt, heat boiling out of the sun until the paint on the truck hood curled, ragged webs of dry rain that never hit the ground, through small-town traffic and stock on the road, band of horses in morning fog, two redheaded cowboys moving a house that filled the roadway and Pake busting around and into the ditch to get past, leaving junkyards and Mexican cafes behind, turning into midnight motel entrances with RING OFFICE BELL signs or steering onto the black prairie for a stunned hour of sleep.

Key Rabbit, allow me to bore you with a comparison of your wife and a beautiful woman," I said. "In the morning a beauty must lie in bed for three or four hours gathering strength for another mighty battle with Nature. Then, after being bathed and toweled by her maids, she loosens her hair in the Cascade of Teasing Willows Style, paints her eyebrows in the Distant Mountain Range Style, anoints herself with the Nine Bends of the River Diving-water Perfume, applies rouge, mascara, and eye shadow, and covers the whole works with a good two inches of the Powder of the Nonchalant Approach. Then she dresses in a plum-blossom patterned tunic with matching skirt and stockings, adds four or five pounds of jewelry, looks in the mirror for any visible sign of humanity and is relieved to find none, checks her makeup to be sure that it has hardened into an immovable mask, sprinkles herself with the Hundred Ingredients Perfume of the Heavenly Spirits who Descended in the Rain Shower, and minces with tiny steps toward the new day. Which, like any other day, will consist of gossip and giggles.

Optimists Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person—you already feel fortunate. An optimistic attitude is largely inherited, and it is part of a general disposition for well-being, which may also include a preference for seeing the bright side of everything. If you were allowed one wish for your child, seriously consider wishing him or her optimism. Optimists are normally cheerful and happy, and therefore popular; they are resilient in adapting to failures and hardships, their chances of clinical depression are reduced, their immune system is stronger, they take better care of their health, they feel healthier than others and are in fact likely to live longer. A study of people who exaggerate their expected life span beyond actuarial predictions showed that they work longer hours, are more optimistic about their future income, are more likely to remarry after divorce (the classic “triumph of hope over experience”), and are more prone to bet on individual stocks. Of course, the blessings of optimism are offered only to individuals who are only mildly biased and who are able to “accentuate the positive” without losing track of reality. Optimistic individuals play a disproportionate role in shaping our lives. Their decisions make a difference; they are the inventors, the entrepreneurs, the political and military leaders—not average people. They got to where they are by seeking challenges and taking risks. They are talented and they have been lucky, almost certainly luckier than they acknowledge. They are probably optimistic by temperament; a survey of founders of small businesses concluded that entrepreneurs are more sanguine than midlevel managers about life in general. Their experiences of success have confirmed their faith in their judgment and in their ability to control events. Their self-confidence is reinforced by the admiration of others. This reasoning leads to a hypothesis: the people who have the greatest influence on the lives of others are likely to be optimistic and overconfident, and to take more risks than they realize.

Every dish I cooked exhumed a memory. Every scent and taste brought me back for a moment to an unravaged home. Knife-cut noodles in chicken broth took me back to lunch at Myeondong Gyoja after an afternoon of shopping, the line so long it filled a flight of stairs, extended out the door, and wrapped around the building. The kalguksu so dense from the rich beef stock and starchy noodles it was nearly gelatinous. My mother ordering more and more refills of their famously garlic-heavy kimchi. My aunt scolding her for blowing her nose in public. Crispy Korean fried chicken conjured bachelor nights with Eunmi. Licking oil from our fingers as we chewed on the crispy skin, cleansing our palates with draft beer and white radish cubes as she helped me with my Korean homework. Black-bean noodles summoned Halmoni slurping jjajangmyeon takeout, huddled around a low table in the living room with the rest of my Korean family. I drained an entire bottle of oil into my Dutch oven and deep-fried pork cutlets dredged in flour, egg, and panko for tonkatsu, a Japanese dish my mother used to pack in my lunch boxes. I spent hours squeezing the water from boiled bean sprouts and tofu and spooning filling into soft, thin dumpling skins, pinching the tops closed, each one slightly closer to one of Maangchi's perfectly uniform mandu.

Such was the bridal-hour of Genius and Humanity. Who shall rehearse the tale of their after-union? Who shall depict its bliss and bale? Who shall tell how He, between whom and the Woman God put enmity, forged deadly plots to break the bond or defile its purity? Who shall record the long strife between Serpent and Seraph? How still the Father of Lies insinuated evil into good - pride into wisdom - grossness into glory - pain into bliss - poison into passion? How the 'dreadless Angel' defied, resisted, and repelled? How, again and again, he refined the polluted cup, exalted the debased emotion, rectified the perverted impulse, detected the lurking venom, baffled the frontless temptation - purified, justified, watched, and withstood? How, by his patience, by his strength, by that unutterable excellence he held from God - his Origin - this faithful Seraph fought for Humanity a good fight through time; and, when Time's course closed, and Death was encountered at the end, barring with fleshless arms the portals of Eternity, how Genius still held close his dying bride, sustained her through the agony of the passage, bore her triumphant into his own home - Heaven; restored her, redeemed, to Jehovah - her Maker; and at last, before Angel and Archangel, crowned her with the crown of Immortality. Who shall, of these things, write the chronicle?

I walked back into the bedroom. Amar was standing by the foot of the bed, playing lazily with the cuffs of his sleeves. I tensed. That foolish disappointment was gone. “Are you frightened?” he asked. Don’t cower. I straightened my back. I would’ve stared him in the eyes if I could. “Should I be?” “I should hope there are more frightening things than sharing a bed with me,” he said. He flourished a bow. “Did I not promise you that we would be equals? Your will is where I lay my head. I will not touch you without your permission.” I moved to the bed, taking stock of the unnecessary amount of cushions. I could feel Amar’s gaze on me and rather than tossing the cushions to the ground, I stacked them in the middle of the bed. Amar followed me and slid onto the opposite side. The fire in the diyas collapsed with the faintest of sighs. “A daunting fortress,” he said lazily, prodding one of the pillows. “Have you so little faith in me?” “Yes.” He laughed and the sound was unexpectedly…musical. “The dark is a lovely thing, is it not? It lets us speak in blindness. No scowls or smiles or stares clouding our words.” I lay in bed, my body taut. Amar continued: “I spoke no falsehoods in the Night Bazaar,” he said. “I would rip the stars from the sky if you wished it. Anything for you. But remember to trust me. Remember your promise.” I fell quiet for a moment. “I remember my promise.” After that, I said nothing. The air between us could have been whittled in steel. An hour passed before I ventured a glance at Amar. His face was turned from me, leaving only dark curls half visible in the light. Moonlight had limned his silhouette silver. The longer I stared at him, the more something sharp stirred within me and I was reminded of that strange ache in my head, where forgotten dreams jostled for remembrance.

Given the ravens’ predilection for poultry of all sizes, I provided my birds a recently killed raven that had been shot by a crow hunter. They reacted to this raven with loud, deep, rasping alarm calls. After some hours, they still ignored it. It was not eaten within minutes, unlike other birds I had given them that were pounced on in seconds. It was not eaten at all. They would easily recognize a live crow. But a dead one? Would they eat that? My curiosity aroused, I had to observe their reaction to a dead crow. I presented a young frozen crow from my stock of roadkill in the freezer to Whitefeather and Goliath. Both birds erupted in harsh, deep, rasping alarm calls, and just as with the dead raven, neither bird fed from the carcass. It eventually rotted in place. They did not even dig for the maggots.

As it turned out, Sharpe was right. Cooperation succumbed to market forces, but even more to the war waged on it by the business classes. By 1887 the latter were determined to destroy the Knights, with their incessant boycotts, their strikes (sometimes involving hundreds of thousands), their revolutionary agitation, and their labor parties organized across the country. In the two years after the infamous Haymarket bombing in Chicago and the Great Upheaval of 1886, in which 200,000 trade unionists across the country went on a four-day-long strike for the eight-hour day but in most cases failed—partly because Terence Powderly, the leader of the Knights, who had always disliked strikes, refused to endorse the action and encouraged the Knights not to participate—capitalist repression swept the nation. Joseph Rayback summarizes: The first of the Knights’ ventures to feel the full effect of the post-Haymarket reaction were their cooperative enterprises. In part the very nature of such enterprises worked against them. The successful ventures became joint-stock corporations, the wage-earning shareholders and managers hiring labor like any other industrial unit. In part the cooperatives were destroyed by inefficient managers, squabbles among shareholders, lack of capital, and injudicious borrowing of money at high rates of interest. Just as important was the attitude of competitors. Railroads delayed the building of tracks, refused to furnish cars, or refused to haul them. Manufacturers of machinery and producers of raw materials, pressed by private business, refused to sell their products to the cooperative workshops and paralyzed operations. By 1888 none of the Order’s cooperatives were in existence.170

Somewhere the help don’t quit as soon as the boss walks out the door. I’m gonna need a dozen clean pens.” The lambing barn had four rows of pens against the long walls and back-to-back in the middle. At any one time the pens could hold eighty ewes and their lambs. When things went well, a ewe came into the barn on Monday and left on Thursday, and after her apartment was renovated the shepherd could install a newcomer. When a ewe had trouble – mastitis, milk fever, pneumonia, blue bag – the pens filled with sick sheep and the sheep housing stock shrank. Penny spent a couple hours examining the ewes in the barn, medicating those that needed it, turning others with their lambs out into the sunshine. She slipped bands on lambs’ tails, checked new mothers for milk supply, milked out ewes for their colostrum, ear notched bad mothers so they could be culled.

If you were allowed one wish for your child, seriously consider wishing him or her optimism. Optimists are normally cheerful and happy, and therefore popular; they are resilient in adapting to failures and hardships, their chances of clinical depression are reduced, their immune system is stronger, they take better care of their health, they feel healthier than others and are in fact likely to live longer. A study of people who exaggerate their expected life span beyond actuarial predictions showed that they work longer hours, are more optimistic about their future income, are more likely to remarry after divorce (the classic “triumph of hope over experience”), and are more prone to bet on individual stocks. Of course, the blessings of optimism are offered only to individuals who are only mildly biased and who are able to “accentuate the positive” without losing track of reality.

agreed to wait until three thirty, but that was as long as she could hold on. Julia and Anna had spent hours getting ready for the puppy: buying the bed, choosing where to put it, selecting the name (Anna had settled on Bella, which Julia thought was a fine name for a puppy), stocking up on dog treats, planning where they would take her for walks, and Julia did not want to have to deal with the disappointment that would follow if she had to tell Anna that the puppy would not be coming home that evening after all. Even more than that, Julia needed the puppy to be a source of nothing but joy and affection, because she was going to be facing her own custody battle soon enough and, if it was anything like Carol Prowses’s, Anna would need all the distractions she could get. Julia hadn’t found Brian in bed with one of his students –thankfully, since he taught in a junior school –or with anyone else, for that matter. If she had she probably wouldn’t have cared, which was exactly the problem. She liked Brian. She thought he was a good man and a good dad and a good husband –well, an OK man and

The Revolution was made to preserve our ancient, indisputable laws and liberties and that ancient constitution of government which is our only security for law and liberty. If you are desirous of knowing the spirit of our constitution and the policy which predominated in that great period which has secured it to this hour, pray look for both in our histories, in our records, in our acts of parliament, and journals of parliament, and not in the sermons of the Old Jewry and the after-dinner toasts of the Revolution Society. In the former you will find other ideas and another language. Such a claim is as ill-suited to our temper and wishes as it is unsupported by any appearance of authority. The very idea of the fabrication of a new government is enough to fill us with disgust and horror. We wished at the period of the Revolution, and do now wish, to derive all we possess as an inheritance from our forefathers. Upon that body and stock of inheritance we have taken care not to inoculate any scion alien to the nature of the original plant. All the reformations we have hitherto made have proceeded upon the principle of reverence to antiquity.

… and one day, after Mahlke had learned to swim, we were lying in the grass, in the Schlagball field. I ought to have gone to the dentist, but they wouldn't let me because I was hard to replace on the team. My tooth was howling. A cat sauntered diagonally across the field and no one threw anything at it. A few of the boys were chewing or plucking at blades of grass. The cat belonged to the caretaker and was black. Hotten Sonntag rubbed his bat with a woolen stocking. My tooth marked time. The tournament had been going on for two hours. We had lost hands down and were waiting for the return game. It was a young cat, but no kitten. In the stadium, handball goals were being made thick and fast on both sides. My tooth kept saying one word, over and over again. On the cinder track the sprinters were practicing starts or limbering up. The cat meandered about. A trimotored plane crept across the sky, slow and loud, but couldn't drown out my tooth. Through the stalks of grass the caretaker's black cat showed a white bib. Mahlke was asleep. The wind was from the east, and the crematorium between the United Cemeteries and the Engineering School was operating. Mr. Mallenbrandt, the gym teacher, blew his whistle: Change sides. The cat practiced. Mahlke was asleep or seemed to be. I was next to him with my toothache. Still practicing, the cat came closer. Mahlke's Adam's apple attracted attention because it was large, always in motion, and threw a shadow. Between me and Mahlke the caretaker's black cat tensed for a leap. We formed a triangle. My tooth was silent and stopped marking time: for Mahlke's Adam's apple had become the cat's mouse. It was so young a cat, and Mahlke's whatsis was so active – in any case the cat leaped at Mahlke's throat; or one of us caught the cat and held it up to Mahlke's neck; or I, with or without my toothache, seized the cat and showed it Mahlke's mouse: and Joachim Mahlke let out a yell, but suffered only slight scratches. And now it is up to me, who called your mouse to the attention of this cat and all cats, to write. Even if we were both invented, I should have to write. Over and over again the fellow who invented us because it's his business to invent people obliges me to take your Adam's apple in my hand and carry it to the spot that saw it win or lose.

The public offering occurred exactly one week after Toy Story’s opening. Jobs had gambled that the movie would be successful, and the risky bet paid off, big-time. As with the Apple IPO, a celebration was planned at the San Francisco office of the lead underwriter at 7 a.m., when the shares were to go on sale. The plan had originally been for the first shares to be offered at about $14, to be sure they would sell. Jobs insisted on pricing them at $22, which would give the company more money if the offering was a success. It was, beyond even his wildest hopes. It exceeded Netscape as the biggest IPO of the year. In the first half hour, the stock shot up to $45, and trading had to be delayed because there were too many buy orders. It then went up even further, to $49, before settling back to close the day at $39. Earlier that year Jobs had been hoping to find a buyer for Pixar that would let him merely recoup the $50 million he had put in. By the end of the day the shares he had retained—80% of the company—were worth more than twenty times that, an astonishing $1.2 billion. That was about five times what he’d made when Apple went public in 1980.

Sic Vita I am a parcel of vain strivings tied By a chance bond together, Dangling this way and that, their links Were made so loose and wide, Methinks, For milder weather. A bunch of violets without their roots, And sorrel intermixed, Encircled by a wisp of straw Once coiled about their shoots, The law By which I'm fixed. A nosegay which Time clutched from out Those fair Elysian fields, With weeds and broken stems, in haste, Doth make the rabble rout That waste The day he yields. And here I bloom for a short hour unseen, Drinking my juices up, With no root in the land To keep my branches green, But stand In a bare cup. Some tender buds were left upon my stem In mimicry of life, But ah! the children will not know, Till time has withered them, The woe With which they're rife. But now I see I was not plucked for naught, And after in life's vase Of glass set while I might survive, But by a kind hand brought Alive To a strange place. That stock thus thinned will soon redeem its hours, And by another year, Such as God knows, with freer air, More fruits and fairer flowers Will bear, While I droop here.

Where do you go to make friends when you’re an adult? No, honestly, I’m asking, where do you do this? There are no more late-night study sessions or university social events. And while meeting friends at work is the obvious answer, your options are very limited if you don’t click with your colleagues or if you’re self-employed. (Also, if you’re only friends with people at work, who do you complain about your colleagues too?) I don’t volunteer. I don’t participate in organised religion. I don’t play team sports. Where do selfish, godless, lazy people go to make friends? That’s where I need to be. Nearly all of my closest friends have been assigned to me: either via seating chats at school, university room-mates, or desk buddies at work. After taking stock, I realise that most of my friends were forced to sit one metre away from me for several hours at a time. I’ve never actively reached out to make a new friend who wasn’t within touching distance. With no helpful administrators, just how do we go about making friends as adults? Is it possible to cultivate that intense closeness without the heady combination of naivety, endless hours of free time on hand and lack of youthful inhibitions? Or is that lost for ever after we hit thirty?

In the Metro, one evening, I looked closely around me: everyone had come from somewhere else . . . Among us, though, two or three faces from here, embarrassed silhouettes that seemed to be apologising for their presence. The same spectacle in London. Today’s migrations are no longer made by compact displacements but by successive infiltrations: little by little, individuals insinuate themselves among the “natives,” to anaemic and too distinguished to stoop to the notion of a “territory.” After a thousand years of vigilance, we open the gates . . . When one thinks of the long rivalries between the French and the English, then between the French and the Germans, it seems as if each nation, by weakening one another, had as its task to speed the hour of the common downfall so that other specimens of humanity may relay them. Like its predecessor, the new Völkerwanderung will provoke an ethnic confusion whose phases cannot be distinctly foreseen. Confronted with these disparate profiles, the notion of a community homogeneous to whatever degree is inconceivable. The very possibility of so heteroclite a crowd suggests that in the space it occupies there no longer existed, among the indigenous, any desire to safeguard even the shadow of an identity. At Rome, in the third century of our era, out of a million inhabitants, only sixty thousand were of Latin stock. Once a people has fulfilled the historical idea which was its mission to incarnate, it no longer has any excuse to preserve its difference, to cherish its singularity, to safeguard its features amidst a chaos of faces.

The town of Khan Yunis in the Gaza Strip, like all the other towns and villages in the West Bank and the Strip, was placed under military curfew for three days. This short period was enough for the army to perform its routine devastation. Muhammad Ahmad al-Astal, who was then twenty-four years old, recalled how the soldiers burst into the house where his friends usually gathered, about ten Palestinian men in all. The soldiers took four of them to another room. He remained with three other members of the family. Two of them were taken by the soldiers to a corner of the room and beaten with rifle stocks; they were also punched, slapped and kicked. He and another family member were ordered to empty the cupboard of its contents, clothing and other household items. In his own words: ‘The soldiers called me over, slapped me on the face and told me, ‘You are Hamas’. I returned to empty the cupboard but I was called over again. This time they told me, ‘You are Islamic Jihad’, and slapped me again.’ There was a third round of abuse in which he was told, ‘You are PLO’. Another man in the room was treated in a similar way. Then they were both summoned: ‘one soldier held me by the neck and banged our heads together’. It turned out that in the next room the same abuse was taking place and then they were united with two men from the other room and ordered to stand facing the wall with their hands up in the air: ‘the soldiers gave us back our ID cards to hold up in the air and told us to remain like this’. After half an hour the older members of the family told them the soldiers had left

To be a mother I must leave the telephone unanswered, work undone, arrangements unmet. To be myself I must let the baby cry, must forestall her hunger or leave her for evenings out, must forget her in order to think about other things. To succeed in being one means to fail at being the other. The break between mother and self was less clean than I had imagined it in the taxi: and yet it was a premonition, too; for later, even in my best moments, I never feel myself to have progressed beyond this division. I merely learn to legislate for two states, and to secure the border between them. At first, though, I am driven to work at the newer of the two skills, which is motherhood; and it is with a shock that I see, like a plummeting stock market, the resulting plunge in my own significance. Consequently I bury myself further in the small successes of nurture. After three or four weeks I reach a distant point, a remote outpost at which my grasp of the baby’s calorific intake, hours of sleep, motor development and patterns of crying is professorial, while the rest of my life resembles a deserted settlement, an abandoned building in which a rotten timber occasionally breaks and comes crashing to the floor, scattering mice. I am invited to a party, and though I decide to go, and bathe and dress at the appointed hour, I end up sitting in the kitchen and crying while elsewhere its frivolous minutes tick by and then elapse. The baby develops colic, and the bauble of motherhood is once more crushed as easily as eggshell. The question of what a woman is if she is not a mother has been superceded for me by that of what a woman is if she is a mother; and of what a mother, in fact, is.

The last refuge of the Self, perhaps, is “physical continuity.” Despite the body’s mercurial nature, it feels like a badge of identity we have carried since the time of our earliest childhood memories. A thought experiment dreamed up in the 1980s by British philosopher Derek Parfit illustrates how important—yet deceiving—this sense of physical continuity is to us.15 He invites us to imagine a future in which the limitations of conventional space travel—of transporting the frail human body to another planet at relatively slow speeds—have been solved by beaming radio waves encoding all the data needed to assemble the passenger to their chosen destination. You step into a machine resembling a photo booth, called a teletransporter, which logs every atom in your body then sends the information at the speed of light to a replicator on Mars, say. This rebuilds your body atom by atom using local stocks of carbon, oxygen, hydrogen, and so on. Unfortunately, the high energies needed to scan your body with the required precision vaporize it—but that’s okay because the replicator on Mars faithfully reproduces the structure of your brain nerve by nerve, synapse by synapse. You step into the teletransporter, press the green button, and an instant later materialize on Mars and can continue your existence where you left off. The person who steps out of the machine at the other end not only looks just like you, but etched into his or her brain are all your personality traits and memories, right down to the memory of eating breakfast that morning and your last thought before you pressed the green button. If you are a fan of Star Trek, you may be perfectly happy to use this new mode of space travel, since this is more or less what the USS Enterprise’s transporter does when it beams its crew down to alien planets and back up again. But now Parfit asks us to imagine that a few years after you first use the teletransporter comes the announcement that it has been upgraded in such a way that your original body can be scanned without destroying it. You decide to give it a go. You pay the fare, step into the booth, and press the button. Nothing seems to happen, apart from a slight tingling sensation, but you wait patiently and sure enough, forty-five minutes later, an image of your new self pops up on the video link and you spend the next few minutes having a surreal conversation with yourself on Mars. Then comes some bad news. A technician cheerfully informs you that there have been some teething problems with the upgraded teletransporter. The scanning process has irreparably damaged your internal organs, so whereas your replica on Mars is absolutely fine and will carry on your life where you left off, this body here on Earth will die within a few hours. Would you care to accompany her to the mortuary? Now how do you feel? There is no difference in outcome between this scenario and what happened in the old scanner—there will still be one surviving “you”—but now it somehow feels as though it’s the real you facing the horror of imminent annihilation. Parfit nevertheless uses this thought experiment to argue that the only criterion that can rationally be used to judge whether a person has survived is not the physical continuity of a body but “psychological continuity”—having the same memories and personality traits as the most recent version of yourself. Buddhists

On quitting Bretton, which I did a few weeks after Paulina’s departure—little thinking then I was never again to visit it; never more to tread its calm old streets—I betook myself home, having been absent six months. It will be conjectured that I was of course glad to return to the bosom of my kindred. Well! the amiable conjecture does no harm, and may therefore be safely left uncontradicted. Far from saying nay, indeed, I will permit the reader to picture me, for the next eight years, as a bark slumbering through halcyon weather, in a harbour still as glass—the steersman stretched on the little deck, his face up to heaven, his eyes closed: buried, if you will, in a long prayer. A great many women and girls are supposed to pass their lives something in that fashion; why not I with the rest? Picture me then idle, basking, plump, and happy, stretched on a cushioned deck, warmed with constant sunshine, rocked by breezes indolently soft. However, it cannot be concealed that, in that case, I must somehow have fallen overboard, or that there must have been wreck at last. I too well remember a time—a long time—of cold, of danger, of contention. To this hour, when I have the nightmare, it repeats the rush and saltness of briny waves in my throat, and their icy pressure on my lungs. I even know there was a storm, and that not of one hour nor one day. For many days and nights neither sun nor stars appeared; we cast with our own hands the tackling out of the ship; a heavy tempest lay on us; all hope that we should be saved was taken away. In fine, the ship was lost, the crew perished. As far as I recollect, I complained to no one about these troubles. Indeed, to whom could I complain? Of Mrs. Bretton I had long lost sight. Impediments, raised by others, had, years ago, come in the way of our intercourse, and cut it off. Besides, time had brought changes for her, too: the handsome property of which she was left guardian for her son, and which had been chiefly invested in some joint-stock undertaking, had melted, it was said, to a fraction of its original amount. Graham, I learned from incidental rumours, had adopted a profession; both he and his mother were gone from Bretton, and were understood to be now in London. Thus, there remained no possibility of dependence on others; to myself alone could I look. I know not that I was of a self-reliant or active nature; but self-reliance and exertion were forced upon me by circumstances, as they are upon thousands besides; and when Miss Marchmont, a maiden lady of our neighbourhood, sent for me, I obeyed her behest, in the hope that she might assign me some task I could undertake.

In the Metro, one evening, I looked closely around me: everyone had come from somewhere else . . . Among us, though, two or three faces from here, embarrassed silhouettes that seemed to be apologising for their presence. The same spectacle in London. Today’s migrations are no longer made by compact displacements but by successive infiltrations: little by little, individuals insinuate themselves among the “natives,” too anaemic and too distinguished to stoop to the notion of a “territory.” After a thousand years of vigilance, we open the gates . . . When one thinks of the long rivalries between the French and the English, then between the French and the Germans, it seems as if each nation, by weakening one another, had as its task to speed the hour of the common downfall so that other specimens of humanity may relay them. Like its predecessor, the new Völkerwanderung will provoke an ethnic confusion whose phases cannot be distinctly foreseen. Confronted with these disparate profiles, the notion of a community homogeneous to whatever degree is inconceivable. The very possibility of so heteroclite a crowd suggests that in the space it occupies there no longer existed, among the indigenous, any desire to safeguard even the shadow of an identity. At Rome, in the third century of our era, out of a million inhabitants, only sixty thousand were of Latin stock. Once a people has fulfilled the historical idea which was its mission to incarnate, it no longer has any excuse to preserve its difference, to cherish its singularity, to safeguard its features amidst a chaos of faces.

In the days of his health and strength, Owen would have confidently refuted this picture of hopelessness, but he was tired and ill. His room now remained unheated most of the time and he was racked with coughs and ominous chest pains. In the long, miserable hours when sleep would not come, he found his eyes turning to that mouldy stain upon the wall, and he began to harbour dark thoughts. What was all this talk of the soul anyway? It could not be weighed or measured; die surgeon never discovered it. In any case it could not grant insight into stock market prices, could create no visible wealth. Indeed, there were brilliant people with titles like 'professor', people whose name trailed endless letters, who even after the most rigorous deliberations, most elegant applications of logic, doubted that such a thing as the soul existed at all. And after all, was not The City full of Smugsbys who possessed no discernible soul, yet lived after their fashion? The Great Mystery was nothing to them. They did not seek the Great Answer; they were not aware that there had ever been a Great Question! What business had he, a starving wretch, in seeking to nurture through his writings an invisible, odourless, weightless abstraction of dubious commercial value, when the very process merely drew attention away from the 'real' business of getting on? "The White Road

His morning hours were set apart for the nourishment of his own soul; not, however, with the view of laying up a stock of grace for the rest of the day--for manna will corrupt if laid by--but rather with the view of "giving the eye the habit of looking upward all the day, and drawing down gleams from the reconciled countenance." He was sparing in the hours devoted to sleep, and resolutely secured time for devotion before breakfast, although often wearied and exhausted when he laid himself to rest. "A soldier of the cross," was his remark, "must endure hardness." Often he sang a psalm of praise, as soon as he arose, to stir up his soul. Three chapters of the Word was his usual morning portion. This he thought little enough, for he delighted exceedingly in the Scriptures: they were better to him than thousands of gold or silver. "When you write," he said to a friend, "tell me the meaning of Scriptures." To another, in expressing his value for the Word, he said, "One gem from that ocean is worth all the pebbles of earthly streams." His chief season of relaxation seemed to be breakfast time. He would come down with a happy countenance and a full soul; and after the sweet season of family prayer, immediately begin forming plans for the day. When he was well, nothing seemed to afford him such true delight as to have his hands full of work. Indeed, it was often remarked that in him you found--what you rarely meet with--a man of high poetic imagination and deep devotion, who nevertheless was engaged unceasingly in the busiest and most laborious activities of his office. His

My piece was ten minutes long. It took him an hour and a half to play through it, and he spent the entire time telling me I was deaf. He seemed surprised when I fled the room, crying. After that day, this boss seemed to determine I was incompetent. Whenever I said anything in meetings, he ignored me or snapped that I was wrong, and the other producers would look at me sympathetically as I bit my lip and shrunk in my seat. It took so much courage to speak, but if I was quiet, he’d ask why I didn’t have an opinion, or if I waffled around a point nervously, he’d sigh exasperatedly and interrupt me to ask one of his favorite reporters, “What about you?” Sometimes they echoed me, and then he’d praise them for being so incisive. Did I not communicate as well as they did? I wondered. Did I not use big enough words? Was I not witty enough? I tried to emulate them—Ivy League–educated journalists who came from brilliant stock. But I was unsuccessful. A year in, I started being excluded from group edits on important stories.

To assure Sabbath observance in the Connecticut colony, the General Court required in 1668 that constables in every town “make search after all offenders.” The ruling specified that anyone who “shall keep out of the meeting house during the public worship unnecessarily, there being convenient room in the house,” would pay five shillings for each offense or sit in the stocks one hour. Not everyone in Lyme complied. Two years later the county court in New London heard “the complaint of the constable of Lyme concerning Mr. and Mrs. Ely, their profanation of the Sabbath and also contempt of authority.” The clerk summoned Richard Ely (1610–1684) together with his wife and “ye Negro servant Moses” to appear at the next court session in June 1670 to answer the charges.

Fables and Fortune Hunters An American businessman took a vacation to a small coastal Mexican village on doctor’s orders. Unable to sleep after an urgent phone call from the office the first morning, he walked out to the pier to clear his head. A small boat with just one fisherman had docked, and inside the boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish. “How long did it take you to catch them?” the American asked. “Only a little while,” the Mexican replied in surprisingly good English. “Why don’t you stay out longer and catch more fish?” the American then asked. “I have enough to support my family and give a few to friends,” the Mexican said as he unloaded them into a basket. “But … What do you do with the rest of your time?” The Mexican looked up and smiled. “I sleep late, fish a little, play with my children, take a siesta with my wife, Julia, and stroll into the village each evening, where I sip wine and play guitar with my amigos. I have a full and busy life, señor.” The American laughed and stood tall. “Sir, I’m a Harvard M.B.A. and can help you. You should spend more time fishing, and with the proceeds, buy a bigger boat. In no time, you could buy several boats with the increased haul. Eventually, you would have a fleet of fishing boats.” He continued, “Instead of selling your catch to a middleman, you would sell directly to the consumers, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village, of course, and move to Mexico City, then to Los Angeles, and eventually New York City, where you could run your expanding enterprise with proper management.” The Mexican fisherman asked, “But, señor, how long will all this take?” To which the American replied, “15–20 years. 25 tops.” “But what then, señor?” The American laughed and said, “That’s the best part. When the time is right, you would announce an IPO and sell your company stock to the public and become very rich. You would make millions.” “Millions, señor? Then what?” “Then you would retire and move to a small coastal fishing village, where you would sleep late, fish a little, play with your kids, take a siesta with your wife, and stroll to the village in the evenings where you could sip wine and play your guitar with your amigos …

Look at stocks as part ownership of a business. 2. Look at Mr. Market—volatile stock price fluctuations—as your friend rather than your enemy. View risk as the possibility of permanent loss of purchasing power, and uncertainty as the unpredictability regarding the degree of variability in the possible range of outcomes. 3. Remember the three most important words in investing: “margin of safety.” 4. Evaluate any news item or event only in terms of its impact on (a) future interest rates and (b) the intrinsic value of the business, which is the discounted value of the cash that can be taken out during its remaining life, adjusted for the uncertainty around receiving those cash flows. 5. Think in terms of opportunity costs when evaluating new ideas and keep a very high hurdle rate for incoming investments. Be unreasonable. When you look at a business and get a strong desire from within saying, “I wish I owned this business,” that is the kind of business in which you should be investing. A great investment idea doesn’t need hours to analyze. More often than not, it is love at first sight. 6. Think probabilistically rather than deterministically, because the future is never certain and it is really a set of branching probability streams. At the same time, avoid the risk of ruin, when making decisions, by focusing on consequences rather than just on raw probabilities in isolation. Some risks are just not worth taking, whatever the potential upside may be. 7. Never underestimate the power of incentives in any given situation. 8. When making decisions, involve both the left side of your brain (logic, analysis, and math) and the right side (intuition, creativity, and emotions). 9. Engage in visual thinking, which helps us to better understand complex information, organize our thoughts, and improve our ability to think and communicate. 10. Invert, always invert. You can avoid a lot of pain by visualizing your life after you have lost a lot of money trading or speculating using derivatives or leverage. If the visuals unnerve you, don’t do anything that could get you remotely close to reaching such a situation. 11. Vicariously learn from others throughout life. Embrace everlasting humility to succeed in this endeavor. 12. Embrace the power of long-term compounding. All the great things in life come from compound interest.

I have always detested the ghastly pasttimes upon which girls are encouraged to squander their lives. Spending hours squinting over an embroidery ring does not strike me as a worthwhile use of anyone's time. For the lower classes, sewing or knitting may be a necessity, but we are not paupers and there is no need for me to go about in homemade togs. Of course, there is the piano, but since Veronica's death it has been no more than an ornament. ... So I spent my evenings in the brocade armchair reading novels about Modern Independent Women who throw it all up at the first whiff of matrimony. I long ago resolved never to become a Modern Independent Woman. I do not myself understand this current mania for freedom. It seems to me that we would all be a good deal better off if we accepted our lot in life, rather than struggling to throw off some imagined shackles. I realise that not everyone is as fortunate as me, but this constant striving for things above one's station is no more than a recipe for discontent. I want nothing more than to look after my father and be able to treat myself now and then to a new coat or a pair of stockings. That is not to say that when I am out and about, I do not sometimes feel a stab of envy towards those to whom success comes easily, but we cannot all be tip-toppers. It is better all round to accept one's allotted portion in life. All the needlepoint and pianoforte in the world cannot alter the fact that, for most of us, quiet despair is the best we can hope for.

And the pattern is the same – night after week after month after year. There is something in many of us that likes the certainties in life and is averse to change. The Shipping Forecast is a comfort, a given, a sign that maybe, just maybe, everything is alright with the world after all – until the next day dawns anyway – but that’s a few hours delicious sleep away! Time for the febrile mind to repair itself, rest, chill out, relax and take gentle stock of things.

Thanks to time differentials and good telephone service, the world money market, unlike stock exchanges, race tracks, and gambling casinos, practically never closes. London opens an hour after the Continent (or did until February 1968, when Britain adopted Continental time), New York five (now six) hours after that, San Francisco three hours after that, and then Tokyo gets under way about the time San Francisco closes. Only a need for sleep or a lack of money need halt the operations of a really hopelessly addicted plunger anywhere.

SEPTEMBER 11 Fueling Relief When we finally got the clearance to drive through the checkpoints, two weeks after the World Trade Center attacks, the street was lined with New Yorkers—New Yorkers!—waving banners with simple messages. “We love you. You’re our heroes. God bless you. Thank you.” The workers were running on that support as their vehicles ran on fuel. They had so little good news in a day. They faced a mountainously depressing task of removing tons and tons of twisted steel, compacted dirt, smashed equipment, broken glass. But every time they drove past the barricades, they faced a line of fans cheering them on, like the tunnel of cheerleaders that football players run through, reminding them that an entire nation appreciated their service. In a Salvation Army van with lights flashing, we attracted some of the loudest cheers of all. Moises Serrano, the Salvation Army officer leading us, was Incident Director for the city. He had been on the job barely a month when the planes hit. He worked thirty-six straight hours and slept four, forty hours and slept six, forty more hours and slept six. Then he took a day off. His assistant had an emotional breakdown early on, in the same van I was riding in, and may never recover. Many of the Salvationists I met hailed from Florida, the hurricane crews who keep fully stocked canteens and trucks full of basic supplies. When the Manhattan buildings fell, they mobilized all those trucks and drove them to New York. The crew director told me, “To tell you the truth, I came up here expecting to deal with Yankees, if you know what I mean. Instead, it’s all smiles and thank yous.” I came to appreciate the cheerful toughness of the Salvation Army. These soldiers worked in the morgue and served on the front lines. Over the years, though, they had developed an inner strength based on discipline, on community, and above all on a clear vision of whom they were serving. The Salvation Army may have a hierarchy of command, but every soldier knows he or she is performing for an audience of One. As one told me, Salvationists serve in order to earn the ultimate accolade from God himself: “Well done, thy good and faithful servant.” Finding God in Unexpected Places

It was with very great difficulty that Wimsey detached the Colonel’s mind from the events of the Great War and led it back to the subject of razors. Once his attention was captured, however, Colonel Belfridge proved to be a good and reliable witness. He remembered the pair of razors perfectly. Had a lot of trouble with those razors, hr’rm, woof! Razors were not what they had been in his young days. Nothing was, sir, dammit! Steel wouldn’t stand up to the work. What with these damned foreigners and mass-production, our industries were going to the dogs. He remembered, during the Boer War— Wimsey, after a quarter of an hour, mentioned the subject of razors. ‘Ha! yes,’ said the Colonel, smoothing his vast white moustache down and up at the ends with a vast, curving gesture. ‘Ha, hr’rm, yes! The razors, of course. Now, what do you want to know about them?’ ‘Have you still got them, sir?’ ‘No, sir, I have not. I got rid of them, sir. A poor lot they were, too. I told Endicott I was surprised at his stocking such inferior stuff. Wanted re-setting every other week. But it’s the same story with all of ’em. Can’t get a decent blade anywhere nowadays. And we shan’t sir, we shan’t, unless we get a strong Conservative Government—I say, a strong Government, sir, that will have the guts to protect the iron and steel industry. But will they do it? No, damme, sir—they’re afraid of losing their miserable votes. Flapper votes! How can you expect a pack of women to understand the importance of iron and steel? Tell me that, ha, hr’rm!

Glancing out of the corner of his eye, he found Lucetta struggling to get Millie buttoned into her gown. Both ladies had barely taken any time at all to throw off their bathing attire and don dresses before they’d jumped into his buggy. When he’d voiced his amazement about how quickly they’d been able to leave Abigail’s cottage and get on their way, they’d proclaimed, somewhat indignantly, that it was not exactly the moment to primp. Caroline and her friends wouldn’t have stepped so much as a toe out of their homes unless they were coiffed to perfection. But there was something charming about barreling down the road with ladies missing stockings and shoes, although he was a little ashamed of himself for sneaking a bit of a peek when Millie had rolled stockings up her legs. It wasn’t well done of him, that peeking, but . . . he was only human after all, and . . . she had lovely legs. Although, it wasn’t well done of him, either, to be looking at any legs other than Caroline’s, not that he’d actually seen Caroline roll stockings up her legs. But since Caroline had disclosed such disturbing notions only hours before, he couldn’t help wonder why he hadn’t ended their alliance right then and there, which would have made his— “Scoot closer to Everett. I don’t have enough room to work,” Lucetta said. “I’m practically sitting on the poor man’s lap as it is,” Millie countered, although she did scoot another inch in his direction, that scooting leaving him with a strong desire to throw himself off the buggy seat because her knee was now firmly pressed against his leg. Resignation settled in as he realized there was no longer any denying the fact, whether appropriate or not, he was attracted to Millie. When he’d first touched her in the bathing machine, a shock of something sweet had coursed through him, that sweetness almost causing him to lose all good sense and . . . kiss her. That he hadn’t given in to that concerning urge was a miracle. But, instead of immediately diving back into the sea and putting as much distance between them as possible, he’d proceeded to torture himself further by teaching her to swim. Every time he’d touched her after that had been somewhat agonizing, but he hadn’t stopped, unwilling, or perhaps unable, to resist being in her company . . . to resist having an excuse to touch her. His behavior was completely irrational, but he just couldn’t seem to help himself.

When Warren was a little boy fingerprinting nuns and collecting bottle caps, he had no knowledge of what he would someday become. Yet as he rode his bike through Spring Valley, flinging papers day after day, and raced through the halls of The Westchester, pulse pounding, trying to make his deliveries on time, if you had asked him if he wanted to be the richest man on earth—with his whole heart, he would have said, Yes. That passion had led him to study a universe of thousands of stocks. It made him burrow into libraries and basements for records nobody else troubled to get. He sat up nights studying hundreds of thousands of numbers that would glaze anyone else’s eyes. He read every word of several newspapers each morning and sucked down the Wall Street Journal like his morning Pepsi, then Coke. He dropped in on companies, spending hours talking about barrels with the woman who ran an outpost of Greif Bros. Cooperage or auto insurance with Lorimer Davidson. He read magazines like the Progressive Grocer to learn how to stock a meat department. He stuffed the backseat of his car with Moody’s Manuals and ledgers on his honeymoon. He spent months reading old newspapers dating back a century to learn the cycles of business, the history of Wall Street, the history of capitalism, the history of the modern corporation. He followed the world of politics intensely and recognized how it affected business. He analyzed economic statistics until he had a deep understanding of what they signified. Since childhood, he had read every biography he could find of people he admired, looking for the lessons he could learn from their lives. He attached himself to everyone who could help him and coattailed anyone he could find who was smart. He ruled out paying attention to almost anything but business—art, literature, science, travel, architecture—so that he could focus on his passion. He defined a circle of competence to avoid making mistakes. To limit risk he never used any significant amount of debt. He never stopped thinking about business: what made a good business, what made a bad business, how they competed, what made customers loyal to one versus another. He had an unusual way of turning problems around in his head, which gave him insights nobody else had. He developed a network of people who—for the sake of his friendship as well as his sagacity—not only helped him but also stayed out of his way when he wanted them to. In hard times or easy, he never stopped thinking about ways to make money. And all of this energy and intensity became the motor that powered his innate intelligence, temperament, and skills.

uninhabitable for the first time since it was declared America’s capital in 1790, and the scientific community predicts that it will remain so for a decade. The stock market plunges as investors anticipate draconian customs regimes that will choke global trade. Fear of further attacks paralyzes America and much of the Western world. Hours after the explosion, a little known terrorist group claims responsibility. It is the first time the president, who was not in Washington at the time of the blast, and his surviving cabinet members, including the director of national intelligence, have heard of the group. After searching intelligence databases, analysts report that the group is linked to three hostile governments, all of which have issued statements condemning the

If you have losses in all the 5 to 10 stocks you are trading for the day, take a break and spend time with your children, or go for a nice lunch, or do something you enjoy after closing hours. If

I resurrect this “market-guessing” section only because after the Dow declined from 995 at the peak in February to about 865 in May, I received a few calls from partners suggesting that they thought stocks were going a lot lower. This always raises two questions in my mind: (1) if they knew in February that the Dow was going to 865 in May, why didn’t they let me in on it then; and, (2) if they didn’t know what was going to happen during the ensuing three months back in February, how do they know in May? There is also a voice or two after any hundred point or so decline suggesting we sell and wait until the future is clearer. Let me again suggest two points: (1) the future has never been clear to me (give us a call when the next few months are obvious to you—or, for that matter the next few hours); and, (2) no one ever seems to call after the market has gone up one hundred points to focus my attention on how unclear everything is, even though the view back in February doesn’t look so clear in retrospect. If

If you were allowed one wish for your child, seriously consider wishing him or her optimism. Optimists are normally cheerful and happy, and therefore popular; they are resilient in adapting to failures and hardships, their chances of clinical depression are reduced, their immune system is stronger, they take better care of their health, they feel healthier than others and are in fact likely to live longer. A study of people who exaggerate their expected life span beyond actuarial predictions showed that they work longer hours, are more optimistic about their future income, are more likely to remarry after divorce (the classic “triumph of hope over experience”), and are more prone to bet on individual stocks. Of course, the blessings of optimism are offered only to individuals who are only mildly biased and who are able to “accentuate the positive” without losing track of reality.

Beneath these annual rhythms, the aseasonal fulfillment of American desires continued unabated. For hour after hour, we received, stocked, restocked, and picked: frozen guava juice in barrels, destined for a Dr. Smoothie bottling plant; cans of refrigerated peanut butter paste, imported from Argentina to fill M&M’s and Clif Bars; pallets stacked with rolls of X-ray film for local hospitals; and thousands and thousands of freshly baked King’s Hawaiian buns, trucked in hot from Torrance—a thermal disruption for which Americold charges extra. “We need to bring it down slowly to keep the moisture in the product. Bread will crystallize if it’s cooled too fast,” explained Espinoza. “People think it’s so fresh and soft,” said Carlos. “I tell them it’s been in here for months, and they don’t believe me.

the Touring Club, offering a prize for the best electric car, it occurred to me that I might put my battery into an auto, and win.” “Hum,” remarked Mr. Swift musingly. “I don’t take much stock in electric autos, Tom. Gasolene seems to be the best, or perhaps steam, generated by gasolene. I’m afraid you’ll be disappointed. All the electric runabouts I ever saw, while they were very nice cars, didn’t seem able to go so very fast, or very far.” “That’s true, but it’s because they didn’t have the right kind of a battery. You know an electric locomotive can make pretty good speed, Dad. Over a hundred miles an hour in tests.” “Yes, but they don’t run by storage batteries. They have a third rail, and powerful motors,” and Mr. Swift looked quizzically at his son. He loved to argue with him, for he said it made Tom think, and often the two would thus thresh out some knotty point of an invention, to the interests of both. “Of course, Dad, there is a good deal of theory in what I’m thinking of,” the lad admitted. “But it does seem to me that if you put the right kind of a battery into an automobile, it could scoot along pretty lively. Look what speed a trolley car can make.” “Yes, Tom, but there again they get their power from an overhead wire.” “Some of them don’t. There’s a new storage battery been invented by a New Jersey man, which does as well as the third rail or the overhead wire. It was after reading about his battery that I thought of a plan for mine. It isn’t anything like his; perhaps not as good in some ways, but, for what I want, it is better in some respects, I think. For one thing it can be recharged very quickly.” “Now Tom, look here,” said Mr. Swift earnestly, laying aside his papers, and coming over to where his son sat. “You know I never interfere with your inventions. In fact, the more you think of the better I like it.

There once was a town. It was a quaint little town, in a quiet valley, where life moved at the pace of snails and the only road in was the only way out, too. There was a candy store that sold the sweetest honey taffy you ever tasted, and a garden store that grew exotic, beautiful blooms year-round. The local café was named after a possum that tormented its owner for years, and the chef there made the best honey French toast in the Northeast. There was a bar where the bartender always knew your name, and always served your burgers slightly burnt, though the local hot sauce always disguised the taste. If you wanted to stay the weekend, you could check-in at the new bed-and-breakfast in town--- just as soon as its renovations were finished, and just a pleasant hike up Honeybee Trail was a waterfall there, rumor had it, if you made a wish underneath it, the wish would come true. There was a drugstore, a grocer, a jewelry store that was open only when Mercury was in of retrograde--- And, oh, there was a bookstore. It was tucked into an unassuming corner of an old brick building fitted with a labyrinthine maze of shelves stocked with hundreds of books. In the back corner was a reading space with a fireplace, and chairs so cozy you could sink into them for hours while you read. The rafters were filled with glass chimes that, when the sunlight came in through the top windows, would send dapples of colors flooding across the stacks of books, painting them in rainbows. A family of starlings roosted in the eaves, and sang different songs every morning, in time with the tolls of the clock tower. The town was quiet in that cozy, sleepy way that if you closed your eyes, you could almost hear the valley breathe as wind crept through it, between the buildings, and was sighed out again.

How to Make Bone Broth Being stocked up on bone broth means you’re always just a few steps away from a flavorful and nutritious meal. I use it for simmering grains and beans, steaming vegetables, making sauces, and as a base for soup. And since reliable brands like Brodo and Bonafide Provisions have made bone broths accessible (always shop for your bone broth in the freezer aisle), I rarely make bone broth at home. But I always store spare chicken backs and clipped wing tips in the freezer and end up making a batch whenever I have enough. The process for making bone broth is simple; the main ingredient is time: 1. Use bones with a lot of meat/cartilage attached, like wings, backs, knuckles, and feet. 2. Cover the bones with 1 to 2 inches of cold filtered water. 3. Add ½ tablespoon vinegar per 1 pound of bones. (Recipes I’ve seen claim this maximizes collagen extraction. I don’t know if it actually does anything, but it doesn’t hurt!) 4. Bring to a gentle simmer and cook, skimming any froth/scum/fat regularly and topping off with water as needed, until the bones start to fall apart (12 hours for chicken, up to 18 hours for beef, pork, and lamb). 5. If you want to use aromatics (like carrot, celery, onion, and herbs), add them an hour before the cooking time is over. 6. After simmering, strain through a fine-mesh sieve and taste. If looking for a more concentrated flavor, return the bone broth to

If you are going to trade before the market opens or in the after-hours market, always use a limit order.

Soon after we begin living we become aware of the confines of our prison. It takes us thirty years at the most to recognize the limits within which our possibilities will move. We take stock of reality, which is like measuring the length of the chain which binds our feet. Then we say: “Is this life? Nothing more than this? A closed cycle which is repeated, always identical?” This is a dangerous hour for every man.

She'd make all the ingredients individually for her kimchi-jjigae," he went on. "Anchovy stock. Her own kimchi, which made the cellar smell like garlic and red pepper all the time. The pork shoulder simmering away. And when she'd mix it all together..." He trailed off, tipping his head back against the seat. It was the first movement he'd made over the course of his speaking; his hands rested still by his sides. "It was everything. Salty, sour, briny, rich, and just a tiny bit sweet from the sesame oil. I've been trying to make it for years, and mine has never turned out like hers." My anxiety manifestation popped up out of nowhere, hovering invisibly over one off Luke's shoulders. The boy doesn't know that the secret ingredient in every grandma's dish is love. He needs some more love in his life, said Grandma Ruth, eyeing me beadily. Maybe yours. Is he Jewish? I shook my head, banishing her back to the ether. "I get the feeling," I said. "I can make a mean matzah ball soup, with truffles and homemade broth boiled for hours from the most expensive free-range chickens, and somehow it never tastes as good as the soup my grandma would whip up out of canned broth and frozen vegetables." Damn straight, Grandma Ruth said smugly. Didn't I just banish you? I thought, but it was no use. "So is that the best thing you've ever eaten?" Luke asked. "Your grandma's matzah ball soup?" I shook my head. I opened my mouth, about to tell him about Julie Chee's grilled cheese with kimchi and bacon and how it hadn't just tasted of tart, sour kimchi and crunchy, smoky bacon and rich, melted cheese but also belonging and bedazzlement and all these feelings that didn't have names, like the dizzy, accomplished feeling you'd get after a Saturday night dinner rush when you were a little drunk but not a lot drunk because you had to wake up in time for Sunday brunch service, but then everything that happened with Derek and the Green Onion kind of changed how I felt about it. Painted over it with colors just a tiny bit off. So instead I told him about a meal I'd had in Lima, Peru, after backpacking up and down Machu Picchu. "Olive tofu with octopus, which you wouldn't think to put together, or at least I wouldn't have," I said. The olive tofu had been soft and almost impossibly creamy, tasting cleanly of olives, and the octopus had been meaty and crispy charred on the outside, soft on the inside.

To apply first principles thinking to the field of value investing, consider several fundamental truths. Understand and practice the following if you want to become a good investor: 1. Look at stocks as part ownership of a business. 2. Look at Mr. Market—volatile stock price fluctuations—as your friend rather than your enemy. View risk as the possibility of permanent loss of purchasing power, and uncertainty as the unpredictability regarding the degree of variability in the possible range of outcomes. 3. Remember the three most important words in investing: “margin of safety.” 4. Evaluate any news item or event only in terms of its impact on (a) future interest rates and (b) the intrinsic value of the business, which is the discounted value of the cash that can be taken out during its remaining life, adjusted for the uncertainty around receiving those cash flows. 5. Think in terms of opportunity costs when evaluating new ideas and keep a very high hurdle rate for incoming investments. Be unreasonable. When you look at a business and get a strong desire from within saying, “I wish I owned this business,” that is the kind of business in which you should be investing. A great investment idea doesn’t need hours to analyze. More often than not, it is love at first sight. 6. Think probabilistically rather than deterministically, because the future is never certain and it is really a set of branching probability streams. At the same time, avoid the risk of ruin, when making decisions, by focusing on consequences rather than just on raw probabilities in isolation. Some risks are just not worth taking, whatever the potential upside may be. 7. Never underestimate the power of incentives in any given situation. 8. When making decisions, involve both the left side of your brain (logic, analysis, and math) and the right side (intuition, creativity, and emotions). 9. Engage in visual thinking, which helps us to better understand complex information, organize our thoughts, and improve our ability to think and communicate. 10. Invert, always invert. You can avoid a lot of pain by visualizing your life after you have lost a lot of money trading or speculating using derivatives or leverage. If the visuals unnerve you, don’t do anything that could get you remotely close to reaching such a situation. 11. Vicariously learn from others throughout life. Embrace everlasting humility to succeed in this endeavor. 12. Embrace the power of long-term compounding. All the great things in life come from compound interest.

Nissarga” in Bangalore only to appear after about 58 hours at Bangalore Airport on 21st November 2005 and claim to the Vishakha Committee that she had gone to Hampi by an evening train when there was no train link between Bangalore and Hampi. That it was a white lie is borne from the fact that Ashima Neb had in her own handwriting stated in her “T.A. Bills” that

Corporate profits rise when labor costs fall. This is why Wall Street is so quick to pummel companies when they bump up wages. When Walmart announced in 2015 that it planned to increase its starting wage to at least $9 an hour, largely in response to public pressure, investors dumped the stock. Shares fell by 10 percent, erasing $20 billion in market value. It was the company’s biggest single-day loss on record. The same thing happened in 2021. After the retailer pledged to raise its average hourly wage to $15 to compete with Amazon and other companies that had responded to the Fight for $15 campaign, shareholders bailed, causing the stock to fall 6 percent on a Thursday morning. Investors were putting Walmart, and every other publicly traded company, on notice: If you raise wages, you’ll pay for

Kitsune Art: Fanboy’s Delight.” Kağan’s body became stock still. His posture stiffened, spine straightening like a nutcracker. A shudder went through his body, visible even through the thick, black fur. It went all the way up from his toes to his head, and then back down again. Small twitches soon followed. Tiny muscles spasms that made his body look like quivering jello. Like a man suffering an epileptic seizure, the spasming grew more intense with each passing second, until the cat yōkai fell onto his back, twitching and jerking, his body seizing up. Froth started pouring from his mouth. Then his eyes rolled up into the back of his head. Several seconds later, Kağan lay still, unmoving save for the stuttering of his chest. Kevin blinked. Once. Then he looked at Iris as she walked over to him. “What kind of illusion did you just cast on him?” Iris’s grin was the kind someone had only when they were immensely pleased with themselves. “I made him watch twenty-four hours of Boku no Pico compressed into six seconds.” Kevin turned green. “I regret asking already. Oh, gods. I think I’m gonna be sick.” “Don’t worry, Stud.” Iris’s reassuring smile did nothing to reassure him. If anything, it did the opposite. “I would never cast that on you.” “I suppose that’s something to feel grateful about.” “After all, if you suddenly became a vegetable, then I would never be able to convince Lily-pad to let me join you two in a threesome.” The sound of Kevin’s palm meeting his face echoed several decibels louder than it should have through the mostly empty street. ***

The Netscape offering changed that equation. Originally, Netscape planned to sell 3.5 million shares to the public at $14 each, a price that valued the company at about $500 million. Given that Netscape had posted only $17 million in sales—sales, not profits—during the previous six months, a half-billion-dollar valuation seemed highly optimistic. But not to investors looking for the next you-know-what. Netscape’s roadshows were mobbed; tech geeks who had never before bought a stock wanted to own the Navigator. One technology stock analyst said getting a session with Netscape’s management before the offering “was like getting a one-on-one with God.”3 With demand overwhelming, Netscape and Morgan Stanley, its underwriter, increased both the size and price of the offering, eventually selling 5 million shares at $28. Still, demand far outstripped supply; investors placed orders for 100 million shares, and Morgan Stanley had to decide which clients to favor with the limited number of shares it had available. “They don’t get any hotter than this,” the Journal reported the morning that Netscape opened for trading. With so much unmet demand, it was obvious that Netscape would begin trading far above the $28 offering. After struggling for hours to set a price, the Nasdaq’s market makers finally opened Netscape at $71 per share. It rose as high as $75 before settling back to end the day at $58.25. At that price the company was valued at more than $2 billion—one hundred times its trailing sales.

Wishes Mindfulness is nevermore a good thing, as any other accident-prone fumbler would accept. No one wants a floodlight when they're likely to stumble on their face. Moreover, I would extremely pointedly be asked- well, ordered really-that no one gave me any presents this year. It seemed like Mr. Anderson and Ayanna weren't the only ones who had decided to overlook that. I would have never had much wealth, furthermore, that had never more disturbed me. Ayanna had raised me on a kindergarten teacher's wage. Mr. Anderson wasn't getting rich at his job, either; he was the police chief here in the tiny town of Pittsburgh. My only personal revenue came from the four days a week I worked at the local Goodwill store. In a borough this small, I was blessed to have a career, after all the viruses in the world today having everything shut down. Every cent I gained went into my diminutive university endowment at SNHU online. (College transpired like nothing more than a Plan B. I was still dreaming for Plan A; however, Marcel was just so unreasonable about leaving me, mortal.) Marcel ought to have a lot of funds I didn't even want to think about how much. Cash was involved alongside oblivion to Marcel or the rest of the Barns, like Karly saying she never had anything yet walked away with it all. It was just something that swelled when you had extensive time on your hands and a sister who had an uncanny ability to predict trends in the stock market. Marcel didn't seem to explain why I objected to him spending bills on me, why it made me miserable if he brought me to an overpriced establishment in Los Angeles, why he wasn't allowed to buy me a car that could reach speeds over fifty miles an hour, approximately how? I wouldn't let him pay my university tuition (he was ridiculously enthusiastic about Plan B.) Marcel believed I was being gratuitously difficult. Although, how could I let him give me things when I had nothing to retaliate amidst? He, for some amazing incomprehensible understanding, wanted to be with me. Anything he gave me on top of that just propelled us more out of balance. As the day went on, neither Marcel nor Olivia brought my birthday up again, and I began to relax a little. Then we sat at our usual table for lunch. An unfamiliar kind of break survived at that table. The three of us, Marcel, Olivia, including myself hunkered down on the steep southerly end of the table. Now that is ‘superb’ and scarier (in Emmah's case, unquestionably.) The Natalie siblings had finished. We were gazing at them; they're so odd, Olivia and Marcel arranged not to seem quite so intimidating, and we did not sit here alone. My other compatriots, Lance, and Mikaela (who were in the uncomfortable post-breakup association phase,) Mollie and Sam (whose involvement had endured the summertime...) Tim, Kaylah, Skylar, and Sophie (though that last one didn't count in the friend category.) Completely assembled at the same table, on the other side of an interchangeable line. That line softened on sunshiny days when Marcel and Olivia continuously skipped school times before there was Karly, and then the discussion would swell out effortlessly to incorporate me.

Stirling, Scotland, October 1619 "Kristina, wake up and ready yourself for a journey!" In her bedchamber, Kristina MacQueen jolted awake. Had she just heard her mother's voice? 'Twas impossible. Her mother had passed many years ago. The voice had been inside her dream. What had Ma meant about a journey? Kristina had not left the vicinity of her aunt and uncle's manor house in many months. Hearing the faint hoofbeats of many horses galloping in the distance, she sat up and listened. As each moment passed, the horses' hooves pounded closer and closer until they echoed off the cobblestones just outside the window. Her heart thumping and an eerie feeling prickling along her skin, she swung her feet toward the floor and sat on the edge of the bed. A fist battered violently at the home's entrance door below. "Saints. Who could that be?" she whispered. It had to be the middle of the night or the wee hours of the morn, for she heard no one moving about the house and her room was chilly. The visitor couldn't be the physician calling to treat Uncle Gilbert, who suffered from gout, rheumatism and various other ailments. Nay, he wouldn't bring that many horses with him on a house call. Maybe 'twas the creditors, come to expel them from their home. When her uncle's health had declined, so had his funds. Could it be news of her older sister? She had not heard from Anna in many months. Ready yourself for a journey, her mother had said in the dream. Good heavens! Had someone come for her, to take her to Anna? Heart hammering, Kristina leapt from the warm bed. Though she couldn't see, she knew the placement of the furniture in her room and could easily navigate the space without bumping into anything. After tiptoeing across the cold wooden floor in her stockings, she approached the door and turned the knob to open it a crack, then listened. The maids were in an uproar on the ground floor below. "What's the racket?" Aunt Matilda yelled as she tromped by Kristina's chamber and down the stairs. "Who is it?" she demanded near the front door. "Chief Blackburn MacCromar!" The snarled response was bellowed from outside, just below her window. A chill of terror and revulsion flashed through Kristina. "Saints, preserve us." She shut the door and barred it, her fingers trembling. She had not been near the malicious bastard in two years. He had finally come for her. Anxiety and nausea froze her to the spot. What would he do? Would he kill her for a certainty this time?

These were the horror stories I’d heard from job candidates coming from other companies. I interviewed veterans who’d worked for eight years in top studios and never shipped a game because of cancellations and changes from marketing. Some publishers didn’t allow their developers to play games, even after-hours (this was especially strange to us, since Blizzard encouraged this, stocking its hallway game cabinets with free copies of games for people to check out on a first-come, first-served basis). Yet some studios considered familiarity with other games bad for morale and prevented their employees from hanging posters from other projects or properties (including movies) because they didn’t reinforce “team spirit.” Many studios were highly structured, politically driven machines where argument was frowned upon and decisions were made by a small number of people. But the most common flaw in the industry at the time was its shortsighted nature—treating employees as temporary or easily replaced assets. Dev teams were often rebooted between projects, wiped before they ever established a rhythm or voice of their own. It was no wonder Blizzard retained its employees longer than other companies.

My senior year in high school, Mom and Dad went through a divorce. After I graduated, my mother took my brother and moved to Wisconsin. We had relatives there. My dad was always busy at work, and I was left alone most of the time. I had the house all to myself. I never really had any close friends in school; I was kind of a loner and pretty shy around people. My parents were not big drinkers, but they kept a fully stocked bar in the home. I was lonely and started to drink. It made me feel better; I could talk to people and fit in, but I wasn’t that good at it and I’d usually end up drunk and alone in my house. I’m sure it was at this time that I began to develop feelings of not wanting to be alone, especially at night. It seemed as if everybody was leaving me. My father had started a new relationship with my current stepmother and spent a lot of time at her house. He said that I was old enough to take care of myself, so I ended up alone. I hated it. I didn’t like sleeping alone in that big house. It made me angry. I started to have fleeting fantasies of killing someone. I don’t know where they came from, but they did. They were always intertwined, sex and killing. I tried to get them out of my mind, but the sexual fantasy was powerful and I masturbated for hours thinking about it. The fantasy was always the same. I met a good-looking man, brought him home, had sex with him, and then killed him.

Instead of exiting after a certain time, raise the stop loss by a certain amount per hour. This has the same effect, but will close unprofitable trades sooner and profitable trades later.