Ago Stock Quotes

Have you got any soul?" a woman asks the next afternoon. That depends, I feel like saying; some days yes, some days no. A few days ago I was right out; now I've got loads, too much, more than I can handle. I wish I could spread it a bit more evenly, I want to tell her, get a better balance, but I can't seem to get it sorted. I can see she wouldn't be interested in my internal stock control problems though, so I simply point to where I keep the soul I have, right by the exit, just next to the blues.

We may be only one of millions of advanced civilizations. Unfortunately, space being spacious, the average distance between any two of these civilizations is reckoned to be at least two hundred light-years, which is a great deal more than merely saying it makes it sound. It means for a start that even if these beings know we are here and are somehow able to see us in their telescopes, they're watching light that left Earth two hundred years ago. So, they're not seeing you and me. They're watching the French Revolution and Thomas Jefferson and people in silk stockings and powdered wigs--people who don't know what an atom is, or a gene, and who make their electricity by rubbing a rod of amber with a piece of fur and think that's quite a trick. Any message we receive from them is likely to begin "Dear Sire," and congratulate us on the handsomness of our horses and our mastery of whale oil. Two hundred light-years is a distance so far beyond us as to be, well, just beyond us.

Suppose that a man leaps out of a burning building—as my dear friend and colleague Jeff Goldberg sat and said to my face over a table at La Tomate in Washington not two years ago—and lands on a bystander in the street below. Now, make the burning building be Europe, and the luckless man underneath be the Palestinian Arabs. Is this a historical injustice? Has the man below been made a victim, with infinite cause of complaint and indefinite justification for violent retaliation? My own reply would be a provisional 'no,' but only on these conditions. The man leaping from the burning building must still make such restitution as he can to the man who broke his fall, and must not pretend that he never even landed on him. And he must base his case on the singularity and uniqueness of the original leap. It can't, in other words, be 'leap, leap, leap' for four generations and more. The people underneath cannot be expected to tolerate leaping on this scale and of this duration, if you catch my drift. In Palestine, tread softly, for you tread on their dreams. And do not tell the Palestinians that they were never fallen upon and bruised in the first place. Do not shame yourself with the cheap lie that they were told by their leaders to run away. Also, stop saying that nobody knew how to cultivate oranges in Jaffa until the Jews showed them how. 'Making the desert bloom'—one of Yvonne's stock phrases—makes desert dwellers out of people who were the agricultural superiors of the Crusaders.

MY MOTHER GETS DRESSED It is impossible for my mother to do even the simplest things for herself anymore so we do it together, get her dressed. I choose the clothes without zippers or buckles or straps, clothes that are simple but elegant, and easy to get into. Otherwise, it's just like every other day. After bathing, getting dressed. The stockings go on first. This time, it's the new ones, the special ones with opaque black triangles that she's never worn before, bought just two weeks ago at her favorite department store. We start with the heavy, careful stuff of the right toes into the stocking tip then a smooth yank past the knob of her ankle and over her cool, smooth calf then the other toe cool ankle, smooth calf up the legs and the pantyhose is coaxed to her waist. You're doing great, Mom, I tell her as we ease her body against mine, rest her whole weight against me to slide her black dress with the black empire collar over her head struggle her fingers through the dark tunnel of the sleeve. I reach from the outside deep into the dark for her hand, grasp where I can't see for her touch. You've got to help me a little here, Mom I tell her then her fingertips touch mine and we work her fingers through the sleeve's mouth together, then we rest, her weight against me before threading the other fingers, wrist, forearm, elbow, bicep and now over the head. I gentle the black dress over her breasts, thighs, bring her makeup to her, put some color on her skin. Green for her eyes. Coral for her lips. I get her black hat. She's ready for her company. I tell the two women in simple, elegant suits waiting outside the bedroom, come in. They tell me, She's beautiful. Yes, she is, I tell them. I leave as they carefully zip her into the black body bag. Three days later, I dream a large, green suitcase arrives. When I unzip it, my mother is inside. Her dress matches her eyeshadow, which matches the suitcase perfectly. She's wearing coral lipstick. "I'm here," she says, smiling delightedly, waving and I wake up. Four days later, she comes home in a plastic black box that is heavier than it looks. In the middle of a meadow, I learn a naked more than naked. I learn a new way to hug as I tighten my fist around her body, my hand filled with her ashes and the small stones of bones. I squeeze her tight then open my hand and release her into the smallest, hottest sun, a dandelion screaming yellow at the sky.

Fifteen years ago, this would have been insider trading, but that quaint concept had disappeared a decade or two ago when so many brokers were doing it that it was impossible to jail them all. Now it was called smart trading.

Our life settled into a pulse, a heartbeat, a collection of breaths. In the silence between them, I memorized the cadence of Max's barefoot steps padding down the hallways at night, the way one single muscle in his throat twitched when he was stressed, the whisper of a laugh that always followed one of my quips (however unfunny). I learned that one side of his smile aways started first - the left side, a fraction of a second before the right - and that he loved ginger tea above all else and the list of things he wasn't made for. And, in turn, he quietly memorized me, too. I knew he did, because one day I realized he had long ago stopped asking me how I took my tea and we mysteriously always had a never-ending stock of raspberries, even though I knew he didn't like them.

You have to distinguish between two things - the Swedish economy and the Swedish stock market. The Swedish economy is the sum of all the goods and services that are produced in this country every day. There are telephones from Ericsson, cars from Volvo, chickens from Scan, and shipments from Kiruna to Skovde. That's the Swedish economy, and it's just as strong or weak today as it was a week ago... The Stock Exchange is something very different. There is no economy and no production of goods and services. There are only fantasies in which people from one hour to the next decide that this or that company is worth so many billions, more or less. It doesn't have a thing to do with the Swedish economy.

...what I appear, a sick and poor man, is not the worst of me. I am in a chaos of principles--groping in the dark--acting by instinct and not after example. Eight or nine years ago when I came here first, I had a neat stock of fixed opinions, but they dropped away one by one; and the further I get the less sure I am. I doubt if I have anything more for my present rule of life than following inclinations which do me and nobody else any harm, and actually give pleasure to those I love best.

On the TV screen right now, it's 1975, and Jimmy Page is playing like a man who answers to nobody. A man existing in that seductive state of extended adolescence that rock legends bask in, a man connected to something in the universe larger than even the sum total of the legendary Led Zeppelin, playing guitar because that is so clearly what he was put here to do. And it's wrong to expect that kind of divine moment to last forever, and to expect an artist to stay in 1975. Fact is, ten minutes ago I saw the guy onscreen right downstairs, coming off the trading floor of the stock exchange with a banker carrying his guitar cases for him. I sit cross-legged on the floor on a workday staring into my cereal bowl, thinking about how we all change. We all grow up. We all move on, one way or another, whether we want to or not.

Tip of the Week If you bought $1,000 worth of Nortel stock one year ago, it would now be worth $49. If you bought $1,000 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, and traded in the cans for the nickel deposit, you would have $79. My advice to you…start drinking heavily.

If you find a stock with little or no institutional ownership, you’ve found a potential winner. Find a company that no analyst has ever visited, or that no analyst would admit to knowing about, and you’ve got a double winner. When I talk to a company that tells me the last analyst showed up three years ago, I can hardly contain my enthusiasm. It frequently happens with banks, savings-and-loans, and insurance companies, since there are thousands of these and Wall Street only keeps up with fifty to one hundred.

I am in a chaos of principles—groping in the dark—acting by instinct and not after example. Eight or nine years ago when I came here first, I had a neat stock of fixed opinions, but they dropped away one by one; and the further I get the less sure I am. I doubt if I have anything more for my present rule of life than following inclinations which do me and nobody else any harm, and actually give pleasure to those I love best. There, gentlemen, since you wanted to know how I was getting on, I have told you. Much good may it do you! I cannot explain further here. I perceive there is something wrong somewhere in our social formulas: what it is can only be discovered by men or women with greater insight than mine—if, indeed, they ever discover it—at least in our time. Gekürzt: Meine Grundsätze sind in Wirrwarr geraten – ich taste im dunkeln -, handle aus Instinkt und nicht nach Vorbildern. Vor acht oder neun Jahren, […] hatte ich einen schönen Vorrat feststehender Meinungen; aber die sind mir eine nach der andern abhanden gekommen; je älter ich werde , um so weniger sicher bin ich. Eigentlich befolge ich jetzt keine andere Lebensregel, als dass ich Neigungen nachgehe, die weder mir noch sonst jemandem schaden, sondern denen, die ich liebe, wirklich Freude machen. […] Ich spüre, dass etwas in unserem sozialen Gefüge nicht stimmt: aber was es ist, das können nur Männer und Frauen mit besserer Einsicht als ich herausfinden – wenn sie es überhaupt herausfinden können – wenigstens in unserer Zeit.

It was an old hunter in camp and the hunter shared tobacco with him and told him of the buffalo and the stands he'd made against them, laid up in a sag on some rise with the dead animals scattered over the grounds and the herd beginning to mill and the riflebarrel so hot the wiping patches sizzled in the bore and the animals by the thousands and the tens of thousands and the hides pegged out over actual square miles of ground the teams of skinners spelling one another around the clock and the shooting and shooting weeks and months till the bore shot slick and the stock shot loose at the tang and their shoulders were yellow and blue to the elbow and the tandem wagons groaned away over the prairie twenty and twenty-two ox teams and the flint hides by the hundred ton and the meat rotting on the ground and the air whining with flies and the buzzards and ravens and the night a horror of snarling and feeding with the wolves half-crazed and wallowing in the carrion. I seen Studebaker wagons with six and eight ox teams headed out for the grounds not hauling a thing but lead. Just pure galena. Tons of it. On this ground alone between the Arkansas River and the Concho there were eight million carcasses for that's how many hides reached the railhead. Two years ago we pulled out from Griffin for a last hunt. We ransacked the country. Six weeks. Finally found a herd of eight animals and we killed them and come in. They're gone. Ever one of them that God ever made is gone as if they'd never been at all. The ragged sparks blew down the wind. The prairie about them lay silent. Beyond the fire it was cold and the night was clear and the stars were falling. The old hunter pulled his blanket about him. I wonder if there's other worlds like this, he said. Or if this is the only one.

the great British economist John Maynard Keynes, written 70 years ago: “It is dangerous . . . to apply to the future inductive arguments based on past experience, unless one can distinguish the broad reasons why past experience was what it was.

Outside the hospital, a young girl who was selling small bouquets of daffodils, their green stems tied with lavender ribbons. I watched as my mother bought out the girl's whole stock. Nurse Eliot, who remembered my mother from eight years ago volunteered to help her when she saw her comng down the hall, her arms full of flowers. She rounded up extra water pitchers from a supply closet and together, she and my mother filled them with water and placed the flowers around my father's room while he slept. Nurse Eliot thought that if loss could be used as a measure of beauty in a woman, my mother had grown even more beautiful. (The Lovely Bones by Alice Sebold)

Several years ago, researchers at the University of Minnesota identified 568 men and women over the age of seventy who were living independently but were at high risk of becoming disabled because of chronic health problems, recent illness, or cognitive changes. With their permission, the researchers randomly assigned half of them to see a team of geriatric nurses and doctors—a team dedicated to the art and science of managing old age. The others were asked to see their usual physician, who was notified of their high-risk status. Within eighteen months, 10 percent of the patients in both groups had died. But the patients who had seen a geriatrics team were a quarter less likely to become disabled and half as likely to develop depression. They were 40 percent less likely to require home health services. These were stunning results. If scientists came up with a device—call it an automatic defrailer—that wouldn’t extend your life but would slash the likelihood you’d end up in a nursing home or miserable with depression, we’d be clamoring for it. We wouldn’t care if doctors had to open up your chest and plug the thing into your heart. We’d have pink-ribbon campaigns to get one for every person over seventy-five. Congress would be holding hearings demanding to know why forty-year-olds couldn’t get them installed. Medical students would be jockeying to become defrailulation specialists, and Wall Street would be bidding up company stock prices. Instead, it was just geriatrics. The geriatric teams weren’t doing lung biopsies or back surgery or insertion of automatic defrailers. What they did was to simplify medications. They saw that arthritis was controlled. They made sure toenails were trimmed and meals were square. They looked for worrisome signs of isolation and had a social worker check that the patient’s home was safe. How do we reward this kind of work? Chad Boult, the geriatrician who was the lead investigator of the University of Minnesota study, can tell you. A few months after he published the results, demonstrating how much better people’s lives were with specialized geriatric care, the university closed the division of geriatrics.

What an interesting and exciting thought. We may be only one of millions of advanced civilizations. Unfortunately, space being spacious, the average distance between any two of these civilizations is reckoned to be at least two hundred light-years, which is a great deal more than merely saying it makes it sound. It means for a start that even if these beings know we are here and are somehow able to see us in their telescopes, they’re watching light that left Earth two hundred years ago. So they’re not seeing you and me. They’re watching the French Revolution and Thomas Jefferson and people in silk stockings and powdered wigs—people who don’t know what an atom is, or a gene, and who make their electricity by rubbing a rod of amber with a piece of fur and think that’s quite a trick. Any message we receive from them is likely to begin “Dear Sire,” and congratulate us on the handsomeness of our horses and our mastery of whale oil. Two hundred light-years is a distance so far beyond us as to be, well, just beyond us.

I spent hours apart by myself, taking stock of where I stood, mentally, on this my thirtieth birthday. It came to me queerly how, four years ago, I had meant to be a general and knighted, when thirty. Such temporal dignities were now in my grasp, only that my sense of falsity of the Arab position had cured me of crude ambition: while it left me craving for good repute among men. This craving made me profoundly suspect my truthfulness to myself. Only too good an actor could so impress his favorable opinion. Here were the Arabs believing me, Allenby and Clayton trusting me, my bodyguard dying for me: and I began to wonder if all established reputations were founded, like mine, on fraud.

I added pieces the same way I’d constructed my body, from the inside out: boy-cut panties first (lacy), bra (sheer), stockings (thigh high), knee-length leather skirt (black), lime green midriff-baring shirt (polyester). David leaned against the wall and watched this striptease-in-reverse with fabulously expressive eyebrows slowly climbing toward heaven, I finished it off with a pair of strappy lime green three-inch heels, something from the Manolo Blahnik spring collection that I’d seen two months ago in Vogue. He looked me over, blinked behind the glasses, and asked, “You’re done?” I took offense, “Yeah. You with the fashion police?” “I don’t think I’d pass the entrance exam.” The eyebrows didn’t come down. “I never knew you were so…” “Fashionable?” “Not really the word I was thinking.” I struck a pose and looked at him from under my supernaturally lustrous eyelashes. “Come on, you know it’s sexy.” “And that’s sort of my point.

Since the dawn of time, several billion human (or humanlike) beings have lived, each contributing a little genetic variability to the total human stock. Out of this vast number, the whole of our understanding of human prehistory is based on the remains, often exceedingly fragmentary, of perhaps five thousand individuals. You could fit it all into the back of a pickup truck if you didn't mind how much you jumbled everything up, Ian Tattersall, the bearded and friendly curator of anthropology at the American Museum of Natural History in New York, replied when I asked him the size of the total world archive of hominid and early human bones. The shortage wouldn't be so bad if the bones were distributed evenly through time and space, but of course they are not. They appear randomly, often in the most tantalizing fashion. Homo erectus walked the Earth for well over a million years and inhabited territory from the Atlantic edge of Europe to the Pacific side of China, yet if you brought back to life every Homo erectus individual whose existence we can vouch for, they wouldn't fill a school bus. Homo habilis consists of even less: just two partial skeletons and a number of isolated limb bones. Something as short-lived as our own civilization would almost certainly not be known from the fossil record at all. In Europe, Tattersall offers by way of illustration, you've got hominid skulls in Georgia dated to about 1.7 million years ago, but then you have a gap of almost a million years before the next remains turn up in Spain, right on the other side of the continent, and then you've got another 300,000-year gap before you get a Homo heidelbergensis in Germany and none of them looks terribly much like any of the others. He smiled. It's from these kinds of fragmentary pieces that you're trying to work out the histories of entire species. It's quite a tall order. We really have very little idea of the relationships between many ancient species which led to us and which were evolutionary dead ends. Some probably don't deserve to be regarded as separate species at all.

Only two or three months ago, one of the Tokyo newspapers (I can’t remember which) admirably reported that a two hundred inch astronomical telescope in America was halfway toward completion. I should like to praise the editor of that newspaper. Articles about war, foreign affairs, and the stock market are not the only things that should be considered newsworthy. A two hundred inch lens can magnify our view of the cosmos considerably. The scope of human vision will expand tremendously. It will become possible to see what was once impossible to behold. It will be a momentous occasion, as though the whole human race, once blind, is granted the gift of sight. Its importance is unrivalled by any war.

small pieces and fed the fire. I will not let you go out, he said to himself, to the flames—not ever. And so he sat through a long part of the day, keeping the flames even, eating from his stock of raspberries, leaving to drink from the lake when he was thirsty. In the afternoon, toward the evening, with his face smoke smeared and his skin red from the heat, he finally began to think ahead to what he needed to do. He would need a large woodpile to get through the night. It would be almost impossible to find wood in the dark so he had to have it all in and cut and stacked before the sun went down. Brian made certain the fire was banked with new wood, then went out of the shelter and searched for a good fuel supply. Up the hill from the campsite the same windstorm that left him a place to land the plane—had that only been three, four days ago?—had dropped three large white pines across each other. They were dead now, dry and filled with weathered dry dead limbs

In other words, if you wanted good government, then expertise mattered. You needed public institutions stocked with people whose job it was to pay attention to important stuff so the rest of us citizens didn’t have to. And it was thanks to those experts that Americans could worry less about the quality of the air we breathed or the water we drank, that we had recourse when employers failed to pay us the overtime we were due, that we could count on over-the-counter drugs not killing us, and that driving a car or flying on a commercial airplane was exponentially safer today than it had been just twenty or thirty or fifty years ago. The “regulatory state” conservatives complained so bitterly about had made American life a hell of a lot better.

The god of unreflecting drunkenness advised me to take no reading matter at all, or if I absolutely insisted on reading matter, then a little stack of Rasputin would do; Apollo, on the other hand, in his shrewd, sensible way, tried to talk me out of this trip to France altogether, but when he saw that Oskar's mind was made up, insisted on proper baggage; very well, I would have to take the highly respectable yawn that Goethe had yawned so long ago, but for spite, and also because I knew that The Elective Affinities would never solve all my sexual problems, I also took Rasputin and his naked women, naked but for their black stockings. If Apollo strove for harmony and Dionysus for drunkenness and chaos, Oskar was a little demigod whose business it was to harmonize chaos and intoxicate reason. In addition to his mortality, he had one advantage over all the full divinities whose characters and careers had been established in the remote past: Oskar could read what he pleased whereas the gods censored themselves.

When F. W. Woolworth opened his first store, a merchant on the same street tried to fight the new competition. He hung out a big sign: "Doing business in this same spot for over fifty years." The next day Woolworth also put out a sign. It read: "Established a week ago: no old stock.

- Ten thousand years ago, when we were divided into many small groups, the propensities may have served our species well. We can understand why they should be easy to evoke, why they are stock in trade of every demagogue and hack politician. But we cannot wait for natural selection to further mitigate these ancient primate algorithms. That would take too long. We must work with what tools we have – to understand who we are, how we got to be that way, and how to transcend our deficiencies. Then we can begin to create a society less apt to bring out the worst in us.

Dear Bill, I came to this black wall again, to see and touch your name. William R. Stocks. And as I do, I wonder if anyone ever stops to realize that next to your name, on this black wall, is your mother's heart. A heart broken fifteen years ago today, when you lost your life in Vietnam. And as I look at your name, I think of how many, many times I used to wonder how scared and homesick you must have been, in that strange country called Vietnam. And if and how it might have changed you, for you were the most happy-go-lucky kid in the world, hardly ever sad or unhappy. And until the day I die, I will see you as you laughed at me, even when I was very mad at you. And the next thing I knew, we were laughing together. But on this past New Year's Day, I talked by phone to a friend of yours from Michigan, who spent your last Christmas and the last four months of your life with you. Jim told me how you died, for he was there and saw the helicopter crash. He told me how your jobs were like sitting ducks; they would send you men out to draw the enemy into the open, and then, they would send in the big guns and planes to take over. He told me how after a while over there, instead of a yellow streak, the men got a mean streak down their backs. Each day the streak got bigger, and the men became meaner. Everyone but you, Bill. He said how you stayed the same happy-go-lucky guy that you were when you arrived in Vietnam. And he said how you, of all people, should never have been the one to die. How lucky you were to have him for a friend. And how lucky he was to have had you. They tell me the letters I write to you and leave here at this memorial are waking others up to the fact that there is still much pain left from the Vietnam War. But this I know; I would rather to have had you for twenty-one years and all the pain that goes with losing you, than never to have had you at all. -Mom

completely objective and recognize what the marketplace is telling you, rather than trying to prove that what you said or did yesterday or six weeks ago was right. The fastest way to take a bath in the stock market is to try to prove that you are right and the market is wrong. Humility and common sense provide essential balance.

Science has marched forward. But civilization’s values remain rooted in philosophies, religious traditions, and ethical frameworks devised many centuries ago. Even our economic system, capitalism, is half a millennium old. The first stock exchange opened in 1602 in Amsterdam. By 1637, tulip mania had caused the first speculation bubble and crash. And not a lot has changed. Virtually every business stills uses the double-entry bookkeeping and accounting adopted in thirteenth –century Venice. So our daily dealings are still heavily influenced by ideas that were firmly set before anyone knew the world was round. In many ways, they reflect how we understood the world when we didn’t understand the world at all.

The probable reason that nobody at Mikimoto wanted a writer to go to the pearl farms of Ago…was because something terrible was happening in that bay. Since the 1990s, pollution has been pouring into the water, partly as a result of careless husbandry but also from untreated sewage from all the hotels that bring people in to enjoy the ‘unspoiled wilderness’. No wonder the Japanese farmers were pulling out their oysters after just nine months: any longer than that and they risked losing most of their stock to the effluent in the water—it was killing the akoya oysters… Similar things are happening in Lake Biwa… Thanks to the pollution in the area, production at Lake Biwa has now declined almost to the point of nonexistence.

Uncertain times brought out the best and worst in people. This was not the first time she'd behaved boldly. That was a positive aspect of being a deaf person in a hearing world - you had to have confidence, or at least, act in a fashion that led others to believe you were courageous. And she'd perfected her acting abilities a long time ago for the sake of survival

It was then that I began to understand that everything in the room had stopped, like the watch and the clock, a long time ago. I noticed that Miss Havisham put down the jewel exactly on the spot from which she had taken it up. As Estella dealt the cards, I glanced at the dressing-table again, and saw that the shoe upon it, once white, now yellow, had never been worn. I glanced down at the foot from which the shoe was absent, and saw that the silk stocking on it, once white, now yellow, had been trodden ragged. Without this arrest if everything, this standing still of all the pale decayed objects, not even the withered bridal dress on the collapsed form could not have looked so like grave-clothes, or the long veil so like a shroud.

You have to distinguish between two things – the Swedish economy and the Swedish stock market. The Swedish economy is the sum of all the goods and services that are produced in this country every day. There are telephones from Ericsson, cars from Volvo, chickens from Scan, and shipments from Kiruna to Skövde. That’s the Swedish economy, and it’s just as strong or weak today as it was a week ago.” He paused for effect and took a sip of water. “The Stock Exchange is something very different. There is no economy and no production of goods and services. There are only fantasies in which people from one hour to the next decide that this or that company is worth so many billions, more or less. It doesn’t have a thing to do with reality or with the Swedish economy.

FATHER FORGETS W. Livingston Larned Listen, son: I am saying this as you lie asleep, one little paw crumpled under your cheek and the blond curls stickily wet on your damp forehead. I have stolen into your room alone. Just a few minutes ago, as I sat reading my paper in the library, a stifling wave of remorse swept over me. Guiltily I came to your bedside. There are the things I was thinking, son: I had been cross to you. I scolded you as you were dressing for school because you gave your face merely a dab with a towel. I took you to task for not cleaning your shoes. I called out angrily when you threw some of your things on the floor. At breakfast I found fault, too. You spilled things. You gulped down your food. You put your elbows on the table. You spread butter too thick on your bread. And as you started off to play and I made for my train, you turned and waved a hand and called, “Goodbye, Daddy!” and I frowned, and said in reply, “Hold your shoulders back!” Then it began all over again in the late afternoon. As I came up the road I spied you, down on your knees, playing marbles. There were holes in your stockings. I humiliated you before your boyfriends by marching you ahead of me to the house. Stockings were expensive—and if you had to buy them you would be more careful! Imagine that, son, from a father! Do you remember, later, when I was reading in the library, how you came in timidly, with a sort of hurt look in your eyes? When I glanced up over my paper, impatient at the interruption, you hesitated at the door. “What is it you want?” I snapped. You said nothing, but ran across in one tempestuous plunge, and threw your arms around my neck and kissed me, and your small arms tightened with an affection that God had set blooming in your heart and which even neglect could not wither. And then you were gone, pattering up the stairs. Well, son, it was shortly afterwards that my paper slipped from my hands and a terrible sickening fear came over me. What has habit been doing to me? The habit of finding fault, of reprimanding—this was my reward to you for being a boy. It was not that I did not love you; it was that I expected too much of youth. I was measuring you by the yardstick of my own years. And there was so much that was good and fine and true in your character. The little heart of you was as big as the dawn itself over the wide hills. This was shown by your spontaneous impulse to rush in and kiss me good night. Nothing else matters tonight, son. I have come to your bedside in the darkness, and I have knelt there, ashamed! It is a feeble atonement; I know you would not understand these things if I told them to you during your waking hours. But tomorrow I will be a real daddy! I will chum with you, and suffer when you suffer, and laugh when you laugh. I will bite my tongue when impatient words come. I will keep saying as if it were a ritual: “He is nothing but a boy—a little boy!” I am afraid I have visualized you as a man. Yet as I see you now, son, crumpled and weary in your cot, I see that you are still a baby. Yesterday you were in your mother’s arms, your head on her shoulder. I have asked too much, too much.

Twenty people sings out: “What, is it over? Is that all?” The duke says yes. Then there was a fine time. Everybody sings out “sold,” and rose up mad, and was agoing for that stage and them tragedians. But a big fine-looking man jumps up on a bench, and shouts: “Hold on! Just a word, gentlemen.” They stopped to listen. “We are sold—mighty badly sold. But we don’t want to be the laughing-stock of this whole town, I reckon, and never hear the last of this thing as long as we live. No. What we want, is to go out of here quiet, and talk this show up, and sell the rest of the town! Then we’ll all be in the same boat. Ain’t that sensible?” (“You bet it is!—the jedge is right!” everybody sings out.) “All right, then—not a word about any sell. Go along home, and advise everybody to come and see the tragedy.

Twenty years ago Japanese tourists were a universal laughing stock because they always carried cameras and took pictures of everything in sight. Now everyone is doing it. If you go to India and see an elephant, you don’t look at the elephant and ask yourself, ‘What do I feel?’ – you are too busy looking for your smartphone, taking a picture of the elephant, posting it on Facebook and then checking your account every two minutes to see how many Likes you got.

Seems So Long Ago, Nancy" It seems so long ago, Nancy was alone, looking ate the Late Late show through a semi-precious stone. In the House of Honesty her father was on trial, in the House of Mystery there was no one at all, there was no one at all. It seems so long ago, none of us were strong; Nancy wore green stockings and she slept with everyone. She never said she'd wait for us although she was alone, I think she fell in love for us in nineteen sixty one, in nineteen sixty one. It seems so long ago, Nancy was alone, a forty five beside her head, an open telephone. We told her she was beautiful, we told her she was free but none of us would meet her in the House of Mystery, the House of Mystery. And now you look around you, see her everywhere, many use her body, many comb her hair. In the hollow of the night when you are cold and numb you hear her talking freely then, she's happy that you've come, she's happy that you've come.

And I’m sure they all played by the rules, just liked I did. By the way, when I got laid off four and a half years ago, the stock of my company was at an all-time high. Our CEO retired. He was paid $70 million. Maybe now that is only worth $30 million. Or maybe in a few years if he plays by the rules it will be worth $130 million. I’ll still be worth nothing. And I won’t have a home or my children. You see why I wonder about playing by the rules? Because I always do. As a result, you’re standing where I sleep.

You might say, “I know I am an immortal spirit,” or “I am tired of this mad world, and peace is all I want”—until the phone rings. Bad news: The stock market has collapsed; the deal may fall through; the car has been stolen; your mother-in-law has arrived; the trip is cancelled, the contract has been broken; your partner has left you; they demand more money; they say it’s your fault. Suddenly there is a surge of anger, of anxiety. A harshness comes into your voice; “I can’t take any more of this.” You accuse and blame, attack, defend, or justify yourself, and it’s all happening on autopilot. Something is obviously much more important to you now than the inner peace that a moment ago you said was all you wanted, and you’re not an immortal spirit anymore either. The deal, the money, the contract, the loss or threat of loss are more important. To whom? To the immortal spirit that you said you are? No, to me. The small me that seeks security or fulfillment in things that are transient and gets anxious or angry because it fails to find it. Well, at least now you know who you really think you are.

It is, incidentally, a favour that e-books have done for the Good Bookshop: they have made books beautiful again. A few years ago, book covers could be rather drab affairs: the title and the author's name printed over a stock photograph of something Vaguely Relevant. If you wanted to read it, you had to take it as it was. Whereas now, in these new and glorious days when the margins on physical are that little bit higher than on the electrical alternative, publishers produce exquisite bindings. Bookshops haven't been this pretty for at least a century.

To the enormous majority of persons who risk themselves in literature, not even the smallest measure of success can fall. They had better take to some other profession as quickly as may be, they are only making a sure thing of disappointment, only crowding the narrow gates of fortune and fame. Yet there are others to whom success, though easily within their reach, does not seem a thing to be grasped at. Of two such, the pathetic story may be read, in the Memoir of A Scotch Probationer, Mr. Thomas Davidson, who died young, an unplaced Minister of the United Presbyterian Church, in 1869. He died young, unaccepted by the world, unheard of, uncomplaining, soon after writing his latest song on the first grey hairs of the lady whom he loved. And she, Miss Alison Dunlop, died also, a year ago, leaving a little work newly published, Anent Old Edinburgh, in which is briefly told the story of her life. There can hardly be a true tale more brave and honourable, for those two were eminently qualified to shine, with a clear and modest radiance, in letters. Both had a touch of poetry, Mr. Davidson left a few genuine poems, both had humour, knowledge, patience, industry, and literary conscientiousness. No success came to them, they did not even seek it, though it was easily within the reach of their powers. Yet none can call them failures, leaving, as they did, the fragrance of honourable and uncomplaining lives, and such brief records of these as to delight, and console and encourage us all. They bequeath to us the spectacle of a real triumph far beyond the petty gains of money or of applause, the spectacle of lives made happy by literature, unvexed by notoriety, unfretted by envy. What we call success could never have yielded them so much, for the ways of authorship are dusty and stony, and the stones are only too handy for throwing at the few that, deservedly or undeservedly, make a name, and therewith about one-tenth of the wealth which is ungrudged to physicians, or barristers, or stock-brokers, or dentists, or electricians. If literature and occupation with letters were not its own reward, truly they who seem to succeed might envy those who fail. It is not wealth that they win, as fortunate men in other professions count wealth; it is not rank nor fashion that come to their call nor come to call on them. Their success is to be let dwell with their own fancies, or with the imaginations of others far greater than themselves; their success is this living in fantasy, a little remote from the hubbub and the contests of the world. At the best they will be vexed by curious eyes and idle tongues, at the best they will die not rich in this world’s goods, yet not unconsoled by the friendships which they win among men and women whose faces they will never see. They may well be content, and thrice content, with their lot, yet it is not a lot which should provoke envy, nor be coveted by ambition.

Young man,” he went on, raising his head again, “in your face I seem to read some trouble of mind. When you came in I read it, and that was why I addressed you at once. For in unfolding to you the story of my life, I do not wish to make myself a laughing-stock before these idle listeners, who indeed know all about it already, but I am looking for a man of feeling and education. Know then that my wife was educated in a high-class school for the daughters of noblemen, and on leaving, she danced the shawl dance before the governor and other personages for which she was presented with a gold medal and a certificate of merit. The medal … well, the medal of course was sold—long ago, hm … but the certificate of merit is in her trunk still and not long ago she showed it to our landlady. And although she is most continually on bad terms with the landlady, yet she wanted to tell some one or other of her past honours and of the happy days that are gone. I don’t condemn her for it. I don’t blame her, for the one thing left her is recollection of the past, and all the rest is dust and ashes. Yes, yes, she is a lady of spirit, proud and determined. She scrubs the floors herself and has nothing but black bread to eat, but won’t allow herself to be treated with disrespect. That’s why she would not overlook Mr. Lebeziatnikov’s rudeness to her, and so when he gave her a beating for it, she took to her bed more from the hurt to her feelings than from the blows. She was a widow when I married her, with three children, one smaller than the other. She married her first husband, an infantry officer, for love, and ran away with him from her father’s house. She was exceedingly fond of her husband; but he gave way to cards, got into trouble and with that he died. He used to beat her at the end: and although she paid him back, of which I have authentic documentary evidence, to this day she speaks of him with tears and she throws him up at me; and I am glad, I am glad that, though only in imagination, she should think of herself as having once been happy.… And she was left at his death with three children in a wild and remote district where I happened to be at the time; and she was left in such hopeless poverty that, although I have seen many ups and downs of all sorts, I don’t feel equal to describing it even. Her relations had all thrown her off. And she was proud, too, excessively proud.… And then, honoured sir, and then, I, being at the time a widower, with a daughter of fourteen left me by my first wife, offered her my hand, for I could not bear the sight of such suffering. You can judge the extremity of her calamities, that she, a woman of education and culture and distinguished family, should have consented to be my wife. But she did! Weeping and sobbing and wringing her hands, she married me! For she had nowhere to turn! Do you understand, sir, do you understand what it means when you have absolutely nowhere to turn? No, that you don’t understand yet…

The mathematician is only too willing to admit that he is dealing exclusively with acts of the mind. To be sure, he is aware that the ingenious artifices which form his stock in trade had their genesis in the sense impressions which he identifies with crude reality, and he is not surprised to find that at times these artifices fit quite neatly the reality in which they were born. But this neatness the mathematician refuses to recognize as a criterion of his achievement: the value of the beings which spring from his creative imagination shall not be measured by the scope of their application to physical reality. No! Mathematical achievement shall be measured by standards which are peculiar to mathematics. These standards are independent of the crude reality of our senses. They are: freedom from logical contradictions, the generality of the laws governing the created form, the kinship which exists between this new form and those that have preceded it. The mathematician may be compared to a designer of garments, who is utterly oblivious of the creatures whom his garments may fit. To be sure, his art originated in the necessity for clothing such creatures, but this was long ago; to this day a shape will occasionally appear which will fit into the garment as if the garment had been made for it. Then there is no end of surprise and of delight!

A second later, Ron had snatched his arm back from around her shoulders; she had dropped The Monster Book of Monsters on his foot. The book had broken free from its restraining belt and snapped viciously at Ron’s ankle. “I’m sorry, I’m sorry!” Hermione cried as Harry wrenched the book from Ron’s leg and retied it shut. “What are you doing with all those books anyway?” Ron asked, limping back to his bed. “Just trying to decide which ones to take with us,” said Hermione. “When we’re looking for the Horcruxes.” “Oh, of course,” said Ron, clapping a hand to his forehead. “I forgot we’ll be hunting down Voldemort in a mobile library.” “Ha ha,” said Hermione, looking down at Spellman’s Syllabary. “I wonder…will we need to translate runes? It’s possible…I think we’d better take it, to be safe.” She dropped the syllabary onto the larger of the two piles and picked up Hogwarts, A History. “Listen,” said Harry. He had sat up straight. Ron and Hermione looked at him with similar mixtures of resignation and defiance. “I know you said after Dumbledore’s funeral that you wanted to come with me,” Harry began. “Here he goes,” Ron said to Hermione, rolling his eyes. “As we knew he would,” she sighed, turning back to the books. “You know, I think I will take Hogwarts, A History. Even if we’re not going back there, I don’t think I’d feel right if I didn’t have it with--” “Listen!” said Harry again. “No, Harry, you listen,” said Hermione. “We’re coming with you. That was decided months ago--years, really.” “But--” “Shut up,” Ron advised him. “--are you sure you’ve thought this through?” Harry persisted. “Let’s see,” said Hermione, slamming Travels with Trolls onto the discarded pile with a rather fierce look. “I’ve been packing for days, so we’re ready to leave at a moment’s notice, which for your information has included doing some pretty difficult magic, not to mention smuggling Mad-Eye’s whole stock of Polyjuice Potion right under Ron’s mum’s nose.” “I’ve also modified my parents’ memories so that they’re convinced they’re really called Wendell and Monica Wilkins, and that their life’s ambition is to move to Australia, which they have now done. That’s to make it more difficult for Voldemort to track them down and interrogate them about me--or you, because unfortunately, I’ve told them quite a bit about you. “Assuming I survive our hunt for the Horcruxes, I’ll find Mum and Dad and lifted the enchantment. If I don’t--well, I think I’ve cast a good enough charm to keep them safe and happy. Wendell and Monica Wilkins don’t know that they’ve got a daughter, you see.” Hermione’s eyes were swimming with tears again. Ron got back off the bed, put his arm around her once more, and frowned at Harry as though reproaching him for lack of tact. Harry could not think of anything to say, not least because it was highly unusual for Ron to be teaching anyone else tact.

Some scholars compare human biochemistry to an air-conditioning system that keeps the temperature constant, come heatwave or snowstorm. Events might momentarily change the temperature, but the air-conditioning system always returns the temperature to the same set point. Some air-conditioning systems are set at 70 degrees Fahrenheit. Others are set at twenty degrees. Human happiness conditioning systems also differ from person to person. On a scale from one to ten, some people are born with a cheerful biochemical system that allows their mood to swing between levels six and ten, stabilising with time at eight. Such a person is quite happy even if she lives in an alienating big city, loses all her money in a stock-exchange crash and is diagnosed with diabetes. Other people are cursed with a gloomy biochemistry that swings between three and seven and stabilises at five. Such an unhappy person remains depressed even if she enjoys the support of a tight-knit community, wins millions in the lottery and is as healthy as an Olympic athlete. Indeed, even if our gloomy friend wins $50,000,000 in the morning, discovers the cure for both AIDS and cancer by noon, makes peace between Israelis and Palestinians that afternoon, and then in the evening reunites with her long-lost child who disappeared years ago - she would still be incapable of experiencing anything beyond level seven happiness. Her brain is simply not built for exhilaration, come what may.

It was an old hunter in camp and the hunter shared tobacco with him and told him of the buffalo and the stands he’d made against them, laid up in a sag on some rise with the dead animals scattered over the grounds and the herd beginning to mill and the riflebarrel so hot the wiping patches sizzled in the bore and the animals by the thousands and tens of thousands and the hides pegged out over actual square miles of ground and the teams of skinners spelling one another around the clock and the shooting and shooting weeks and months till the bore shot slick and the stock shot loose at the tang and their shoulders were yellow and blue to the elbow and the tandem wagons groaned away over the prairie twenty and twenty-two ox teams and the flint hides by the ton and hundred ton and the meat rotting on the ground and the air whining with flies and the buzzards and ravens and the night a horror of snarling and feeding with the wolves half crazed and wallowing in the carrion. I seen Studebaker wagons with six and eight ox teams headed out for the grounds not haulin a thing but lead. Just pure galena. Tons of it. On this ground alone between the Arkansas River and the Concho there was eight million carcasses for that’s how many hides reached the railhead. Two year ago we pulled out from Griffin for a last hunt. We ransacked the country. Six weeks. Finally found a herd of eight animals and we killed them and come in. They’re gone. Ever one of them that God ever made is gone as if they’d never been at all.

Your statement ... tells a very fine story; but pray, was not your stock a little heavy a while ago? downward tendency? Sort of low spirits among holders on the subject of that stock?" "Yes, there was a depression. But how came it? who devised it? The 'bears,' sir. The depression of our stock was solely owing to the growling, the hypocritical growling, of the bears." "How hypocritical?" ""Why, the most montrous of all hypocrites are these bears: hypocrites by inversion; hypocrites in the simulation of things dark instead of bright; souls that thrive, less upon depression, than the fiction of depression; professors of the wicked art of manufacturing depressions; spurious Jeremiahs; sham Heraclituses, who, the lugubrious day done, return, like sham Lazaruses among the beggars, to make merry over the gains got by their pretended sore heads--scoundrelly bears!" "You are warm against these bears?" "If I am, it is less from the remembrance of their stratagems as to our stock, than from the persuasion that these same destroyers of confidence, and gloomy philosophers of the stock-market, though false in themselves, are yet true types of most destroyer of confidence and gloomy philosophers, the world over. Fellows who, whether in stocks, politics, bread-stuffs, morals, metaphysics, religion--be it what it may--trump up their black panics in the naturally-quiet brightness, solely with a view to some sort of covert advantage. That corpse of calamity which the gloomy philosopher parades, is but his Good-Enough-Morgan." "I rather like that," knowingly drawled the youth. ~The Confidence-Man: His Masquerade

a man named Dalton, a District 10 refugee who’d made it to 13 on foot a few years ago, leaked the real motive to me. “They need you. Me. They need us all. Awhile back, there was some sort of pox epidemic that killed a bunch of them and left a lot more infertile. New breeding stock. That’s how they see us.” Back in 10, he’d worked on one of the beef ranches, maintaining the genetic diversity of the herd with the implantation of long-frozen cow embryos. He’s very likely right about 13, because there don’t seem to be nearly enough kids around. But so what? We’re not being kept in pens, we’re being trained for work, the children are being educated. Those over fourteen have been given entry-level ranks in the military and are addressed respectfully as “Soldier.” Every single refugee was granted automatic citizenship by the authorities of 13.

Andy smiled and tapped the side of my head. “Not bad. There’s more up there than marshmallows, I guess. But we took care of the possibility that Jim might die while I was in the slam. The box is in the Peter Stevens name, and once a year the firm of lawyers that served as Jim’s executors sends a check to the Casco to cover the rental of the Stevens box. “Peter Stevens is inside that box, just waiting to get out. His birth certificate, his Social Security card, and his driver’s license. The license is six years out of date because Jim died six years ago, true, but it’s still perfectly renewable for a five-dollar fee. His stock certificates are there, the tax-free municipals, and about eighteen bearer bonds in the amount of ten thousand dollars each.” I whistled. “Peter Stevens is locked in a safe deposit box at the Casco Bank in Portland and Andy Dufresne is locked in a safe deposit box at Shawshank,” he said.

But what were even gold and silver, precious stones and clockwork, to the bookshops, whence a pleasant smell of paper freshly pressed came issuing forth, awakening instant recollections of some new grammar had at school, long time ago, with 'Master Pinch, Grove House Academy,' inscribed in faultless writing on the fly-leaf! That whiff of russia leather, too, and all those rows on rows of volumes neatly ranged within—what happiness did they suggest! And in the window were the spick-and-span new works from London, with the title-pages, and sometimes even the first page of the first chapter, laid wide open; tempting unwary men to begin to read the book, and then, in the impossibility of turning over, to rush blindly in, and buy it! Here too were the dainty frontispiece and trim vignette, pointing like handposts on the outskirts of great cities, to the rich stock of incident beyond; and store of books, with many a grave portrait and time-honoured name, whose matter he knew well, and would have given mines to have, in any form, upon the narrow shell beside his bed at Mr Pecksniff's. What a heart-breaking shop it was!

Humanism thought that experiences occur inside us, and that we ought to find within ourselves the meaning of all that happens, thereby infusing the universe with meaning. Dataists believe that experiences are valueless if they are not shared, and that we need not – indeed cannot – find meaning within ourselves. We need only record and connect our experience to the great data flow, and the algorithms will discover its meaning and tell us what to do. Twenty years ago Japanese tourists were a universal laughing stock because they always carried cameras and took pictures of everything in sight. Now everyone is doing it. If you go to India and see an elephant, you don’t look at the elephant and ask yourself, ‘What do I feel?’ – you are too busy looking for your smartphone, taking a picture of the elephant, posting it on Facebook and then checking your account every two minutes to see how many Likes you got. Writing a private diary – a common humanist practice in previous generations – sounds to many present-day youngsters utterly pointless. Why write anything if nobody else can read it? The new motto says: ‘If you experience something – record it. If you record something – upload it. If you upload something – share it.

Most whites in America have a consciousness of race that is very different from that of minorities. They do not attach much importance to the fact that they are white, and they view race as an illegitimate reason for decision-making of any kind. Many whites have made a genuine effort to transcend race and to see people as individuals. They often fail, but their professed goal is color-blindness. Some whites have gone well beyond color-blindness and see their race as uniquely guilty and without moral standing. Neither the goal of color-blindness nor a negative view of their own race has any parallel in the thinking of non-whites. Most whites also believe that racial equality, integration, and “diversity” flow naturally from the republican, anti-monarchical principles of the American Revolution. They may know that Thomas Jefferson owned slaves but they believe that the man who wrote “all men are created equal” had a vision of the egalitarian, heterogeneous society in which we now live. They are wrong. Earlier generations of white Americans had a strong racial consciousness. Current assumptions about race are a dramatic reversal of the views not only of the Founding Fathers but of the great majority of Americans up until the 1950s and 1960s. Change on this scale is rare in any society, and the past views of whites are worth investigating for the perspective they provide on current views. It is possible to summarize the racial views that prevailed in this country until a few decades ago as follows: White Americans believed race was a fundamental aspect of individual and group identity. They believed people of different races differed in temperament, ability, and the kind of societies they built. They wanted America to be peopled by Europeans, and thought only people of European stock could maintain the civilization they valued. They therefore considered immigration of non-whites a threat to whites and to their civilization. It was common to regard the presence of non-whites as a burden, and to argue that if they could not be removed from the country they should be separated from whites socially and politically. Whites were strongly opposed to miscegenation, which they called “amalgamation.” Many injustices were committed in defense of these views, and many of the things prominent Americans of the past said ring harshly on contemporary ears. And yet the sentiment behind them—a sense of racial solidarity—is not very different from the sentiments we find among many non-whites today.

A SOLAR OASIS Like everywhere else in Puerto Rico, the small mountain city of Adjuntas was plunged into total darkness by Hurricane Maria. When residents left their homes to take stock of the damage, they found themselves not only without power and water, but also totally cut off from the rest of the island. Every single road was blocked, either by mounds of mud washed down from the surrounding peaks, or by fallen trees and branches. Yet amid this devastation, there was one bright spot. Just off the main square, a large, pink colonial-style house had light shining through every window. It glowed like a beacon in the terrifying darkness. The pink house was Casa Pueblo, a community and ecology center with deep roots in this part of the island. Twenty years ago, its founders, a family of scientists and engineers, installed solar panels on the center’s roof, a move that seemed rather hippy-dippy at the time. Somehow, those panels (upgraded over the years) managed to survive Maria’s hurricane-force winds and falling debris. Which meant that in a sea of post-storm darkness, Casa Pueblo had the only sustained power for miles around. And like moths to a flame, people from all over the hills of Adjuntas made their way to the warm and welcoming light.

Despite the lack of such biological instincts, during the foraging era, hundreds of strangers were able to cooperate thanks to their shared myths. However, this cooperation was loose and limited. Every Sapiens band continued to run its life independently and to provide for most of its own needs. An archaic sociologist living 20,000 years ago, who had no knowledge of events following the Agricultural Revolution, might well have concluded that mythology had a fairly limited scope. Stories about ancestral spirits and tribal totems were strong enough to enable 500 people to trade seashells, celebrate the odd festival, and join forces to wipe out a Neanderthal band, but no more than that. Mythology, the ancient sociologist would have thought, could not possibly enable millions of strangers to cooperate on a daily basis. But that turned out to be wrong. Myths, it transpired, are stronger than anyone could have imagined. When the Agricultural Revolution opened opportunities for the creation of crowded cities and mighty empires, people invented stories about great gods, motherlands and joint stock companies to provide the needed social links. While human evolution was crawling at its usual snail’s pace, the human imagination was building astounding networks of mass cooperation, unlike any other ever seen on earth. Around

A few years ago my friend Jon Brooks supplied this great illustration of skewed interpretation at work. Here’s how investors react to events when they’re feeling good about life (which usually means the market has been rising): Strong data: economy strengthening—stocks rally Weak data: Fed likely to ease—stocks rally Data as expected: low volatility—stocks rally Banks make $4 billion: business conditions favorable—stocks rally Banks lose $4 billion: bad news out of the way—stocks rally Oil spikes: growing global economy contributing to demand—stocks rally Oil drops: more purchasing power for the consumer—stocks rally Dollar plunges: great for exporters—stocks rally Dollar strengthens: great for companies that buy from abroad—stocks rally Inflation spikes: will cause assets to appreciate—stocks rally Inflation drops: improves quality of earnings—stocks rally Of course, the same behavior also applies in the opposite direction. When psychology is negative and markets have been falling for a while, everything is capable of being interpreted negatively. Strong economic data is seen as likely to make the Fed withdraw stimulus by raising interest rates, and weak data is taken to mean companies will have trouble meeting earnings forecasts. In other words, it’s not the data or events; it’s the interpretation. And that fluctuates with swings in psychology.

An unexpected sight opens in front of my eyes, a sight I cannot ignore. Instead of the calm waters in front of the fortress, the rear side offers a view of a different sea—the sea of small, dark streets and alleys—like an intricate puzzle. The breathtaking scenery visible from the other side had been replaced by the panorama of poverty–stricken streets, crumbling house walls, and dilapidated facades that struggle to hide the building materials beneath them. It reminds me of the ghettos in Barcelona, the ghettos I came to know far too well. I take a deep breath and look for a sign of life—a life not affected by its surroundings. Nothing. Down, between the rows of dirty dwellings stretches a clothesline. Heavy with the freshly washed laundry it droops down, droplets of water trickling onto the soiled pavement from its burden. Around the corner, a group of filthy children plays with a semi–deflated soccer ball—it makes a funny sound as it bounces off the wall—plunk, plunk. A man sitting on a staircase puts out a cigarette; he coughs, spits phlegm on the sidewalk, and lights a new one. A mucky dog wanders to a house, lifts his leg, and pisses on it. His urine flows down the wall and onto the street, forming a puddle on the pavement. The children run about, stepping in the piss, unconcerned. An old woman watches from the window, her large breasts hanging over the windowsill for the world to see. Une vie ordinaire, a mundane life...life in its purest. These streets bring me back to all the places I had escaped when I sneaked onto the ferry. The same feeling of conformity within despair, conformity with their destiny, prearranged long before these people were born. Nothing ever changes, nothing ever disturbs the gloomy corners of the underworld. Tucked away from the bright lights, tucked away from the shiny pavers on the promenade, hidden from the eyes of the tourists, the misery thrives. I cannot help but think of myself—only a few weeks ago my life was not much different from the view in front of my eyes. Yet, there is a certain peace soaring from these streets, a peace embedded in each cobblestone, in each rotten wall. The peace of men, unconcerned with the rest of the world, disturbed neither by global issues, nor by the stock market prices. A peace so ancient that it can only be found in the few corners of the world that remain unchanged for centuries. This is one of the places. I miss the intricacy of the street, I miss the feeling of excitement and danger melted together into one exceptional, nonconforming emotion. There is the real—the street; and then there is all the other—the removed. I am now on the other side of reality, unable to reach out with my hand and touch the pure life. I miss the street.

It's very difficult to change your nature. For me it's too late, there's nothing for it but to accept myself the way I am. I'm eighty years old: it was my birthday the day you arrived. That's the age of memory, Ingrid. The age of making an inventory of life,' he said. 'Forgive me if I'm intruding, but can you tell me what's in your inventory?' 'My life has been a series of journeys. I've traveled from one side of the world to the other. I've been a foreigner without realizing I had deep roots... My spirit has sailed as well. But I don't see the point in making these observations now; I should have done so a long time ago.' 'I don't think anybody reflects on their life when they're young, Victor, and most people never do. It would never occur to my parents, for example, and they're almost ninety. They simply live for the day and are happy.' 'It's a shame we only make this kind of inventory when we're old, Ingrid, when there's no time left to make amends.' 'You can't change the past, but perhaps you can banish the worst memories...' 'Listen, Ingrid, the most important events, the ones that determine our fate, are almost always completely beyond our control. In my case, when I take stock, I see my life was marked by the Spanish Civil War in my youth, and later on by the military coup, by the concentration camps and my exiles. I didn't choose any of that: it simply happened to me.

Tatiana thought Deda was the smartest man on earth. Ever since Poland was trampled over in 1939, Deda had been saying that Hitler was coming to the Soviet Union. A few months ago in the spring, he suddenly started bringing home canned goods. Too many canned goods for Babushka’s liking. Babushka had no interest in spending part of Deda’s monthly pay on an intangible such as just in case. She would scoff at him. What are you talking about, war? she would say, glaring at the canned ham. Who is going to eat this, ever? I will never eat this garbage, why do you spend good money on garbage? Why can’t you get marinated mushrooms, or tomatoes? And Deda, who loved Babushka more than a woman deserved to be loved by a man, would bow his head, let her vent her feelings, say nothing, but the following month be back carrying more cans of ham. He also bought sugar and he bought coffee and he bought tobacco, and he bought some vodka, too. He had less luck with keeping these items stocked because for every birthday, anniversary, May Day, the vodka was broken open and the tobacco smoked and the coffee drunk and the sugar put into bread and pie dough and tea. Deda was a man unable to deny his family anything, but he denied himself. So on his own birthday he refused to open the vodka. But Babushka still opened the bag of sugar to make him blueberry pie. The one thing that remained constant and grew by a can or two each month was the ham, which everyone hated and no one ate.

People are free. Well, they can't fly on their own . . . but pretty much whatever they can think up, they can make happen. When they're sleepy, they can sleep. They're free to start or quit whatever they're doing whenever they want. And the only reason they don't is because things like social norms, laws, traditions and sentiment get in the way. Running naked through the streets . . . conning old people . . . killing . . . everything’s possible if you ignore morality. That's why they insist on teaching you cooperation and ethics when you're young- But the world is set up to force people to fight, cheat and steal as a default. Trying to live with that contradiction is torture. But in so many places happiness and sorrow are traded like stocks on wall street. What will it take for everyone to be happy? Who knows? But if a kid could figure it out, war would've gone extinct long time ago. I'd hate to trust the entire thing to politicians. They're just old men who have to dance to public opinion. The world is the embodiment of human nature exposed . . . There's no way for everyone to be happy. Happiness is relative anyway . . . and people want it that way. Evil is relative too. In order to protect her, a mother can turn into a demon. And it gets held up as inspirational. People go to war to protect kin and country. It's the same thing. Even if you pretend to be good fundamentally everyone has some negative aspects. It's amazing that no one knows that. Why? People have become so adept at excuses and shifting the blame . . . that they never even consider the possibility that they're culpable for their own problems.

Listen, son: I am saying this as you lie asleep, one little paw crumpled under your cheek and the blond curls stickily wet on your damp forehead. I have stolen into your room alone. Just a few minutes ago, as I sat reading my paper in the library, a stifling wave of remorse swept over me. Guiltily I came to your bedside. There are the things I was thinking, son: I had been cross to you. I scolded you as you were dressing for school because you gave your face merely a dab with a towel. I took you to task for not cleaning your shoes. I called out angrily when you threw some of your things on the floor. At breakfast I found fault, too. You spilled things. You gulped down your food. You put your elbows on the table. You spread butter too thick on your bread. And as you started off to play and I made for my train, you turned and waved a hand and called, ‘Goodbye, Daddy!’ and I frowned, and said in reply, ‘Hold your shoulders back!’ Then it began all over again in the late afternoon. As I came up the road I spied you, down on your knees, playing marbles. There were holes in your stockings. I humiliated you before your boyfriends by marching you ahead of me to the house. Stockings were expensive – and if you had to buy them you would be more careful! Imagine that, son, from a father! Do you remember, later, when I was reading in the library, how you came in timidly, with a sort of hurt look in your eyes? When I glanced up over my paper, impatient at the interruption, you hesitated at the door. ‘What is it you want?’ I snapped. You said nothing, but ran across in one tempestuous plunge, and threw your arms around my neck and kissed me, and your small arms tightened with an affection that God had set blooming in your heart and which even neglect could not wither. And then you were gone, pattering up the stairs. Well, son, it was shortly afterwards that my paper slipped from my hands and a terrible sickening fear came over me. What has habit been doing to me? The habit of finding fault, of reprimanding – this was my reward to you for being a boy. It was not that I did not love you; it was that I expected too much of youth. I was measuring you by the yardstick of my own years. And there was so much that was good and fine and true in your character. The little heart of you was as big as the dawn itself over the wide hills. This was shown by your spontaneous impulse to rush in and kiss me good night. Nothing else matters tonight, son. I have come to your bedside in the darkness, and I have knelt there, ashamed! It is a feeble atonement; I know you would not understand these things if I told them to you during your waking hours. But tomorrow I will be a real daddy! I will chum with you, and suffer when you suffer, and laugh when you laugh. I will bite my tongue when impatient words come. I will keep saying as if it were a ritual: ‘He is nothing but a boy – a little boy!’ I am afraid I have visualized you as a man. Yet as I see you now, son, crumpled and weary in your cot, I see that you are still a baby. Yesterday you were in your mother’s arms, your head on her shoulder. I have asked too much, too much. Instead of condemning people, let’s try to understand them. Let’s try to figure out why they do what they do. That’s a lot more profitable and intriguing than criticism; and it breeds sympathy, tolerance and kindness. ‘To know all is to forgive all.

Dom, are you out here?” called a voice from somewhere beyond the stables. Damn it all. It was Tristan. Swiftly Dom donned his shirt. “Be quiet,” he whispered to Jane, “and he’ll go away.” Tristan’s voice sounded again, even nearer now. “I swear to God, Dom, if you ride off to London in the dark and make a liar out of me before Ravenswood, I will kick you from here to France!” “He won’t go away,” Jane whispered back, a hint of desperation in her voice. “He promised Ravenswood that you wouldn’t head for London with broken carriage lamps, and now he’ll want to make sure that you don’t.” Which meant his arse of a brother wasn’t going to stop looking for him. Any minute now, he’d be striding into the harness room. Then Jane would have to marry Dom. As soon as the thought entered Dom’s head, it apparently occurred to her, too, for she paled and stepped near enough to whisper, “Please. Not like this.” He stared at her ashen face, and his stomach sank. He couldn’t force her to wed him. After what had happened between them years ago, she would never forgive him for taking her choice away from her yet again. Besides, he didn’t want to force her into anything. The only way he could prove that he didn’t intend to run roughshod over her for the rest of their lives was to walk away now. Even if it killed him. Bloody hell. “I’ll draw Tristan away from the stables,” Dom said tersely as he shoved his stocking feet into his boots. “That will give you a chance to finish dressing and sneak back into the house.” Relief spreading over her face, she bobbed her head. He buttoned up his shirt. “It will also give you a chance to decide what you want.” Gathering up his coat, waistcoat, and cravat, he added in a low murmur, “But know this, Jane. I am not, nor ever intend to be, a man like your father. Somewhere inside of you, you must…” He winced. “You surely do know it.” He waited long enough to see uncertainty flicker in her eyes. Then he strode out of the harness room and closed the door behind him.

I see bacon, green peppers, mushrooms... those are all found in Napolitan Spaghetti. I guess instead of the standard ketchup, he's used curry roux for the sauce? The noodles look similar to fettuccini." "Hm. I'm not seeing anything else that stands out about it. Given how fun and amusing the calzone a minute ago was... ... the impact of this one's a lot more bland and boring..." W-what the heck? Where did this heavy richness come from? It hits like a shockwave straight to the brain! "Chicken and beef stocks for the base... with fennel and green cardamom for fragrance! What an excellent, tongue-tingling curry sauce! It clings well to the broad fettuccini noodles too!" "For extra flavor is that... soy sauce?" "No, it's tamari soy sauce! Tamari soy sauce is richer and less salty than standard soy sauce, with a more full-bodied sweetness to it. Most tamari is made on Japan's eastern seaboard. " "That's not all either! I'm picking up the mellow hints of cheese! But I'm not seeing a single shred of any kind of cheese in here. Where's it hiding?" "Allow me to tell you, sir. First, look at the short edge of a noodle, please." ?! What on earth?! This noodle's got three layers!" "For the outer layers, I kneaded turmeric into the pasta dough. But for the inner layer, I added Parmesan cheese!" "I see! It's the combination of the tamari soy sauce and the parmesan cheese that gives this dish its incredible richness!" "Yeah, but wait a minute! If you go kneading cheese right into the noodles, wouldn't it just melt back out when you boiled them?" No... that's why they're in three layers! With the cheese in the middle, the outer layers prevented it from melting out! The deep, rich curry sauce, underscored with the flavor of tamari soy sauce... ... and the chewy noodles, which hit you with the mellow, robust taste of parmesan cheese with every bite! Many people are familiar with the idea of coating cream cheese in soy sauce... ... but who would have thought parmesan cheese would match this well with tamari soy sauce!

For some reason newspapers are not the laboratories and experimental stations of the mind that they could be, to the public's great benefit, but usually only its warehouses and stock exchanges. If he were alive today, Plato—to take him as an example, because along with a dozen others he is regarded as the greatest thinker who ever lived—would certainly be ecstatic about a news industry capable of creating, exchanging, refining a new idea every day; where information keeps pouring in from the ends of the earth with a speediness he never knew in his own lifetime, while a staff of demiurges is on hand to check it all out instantaneously for its content of reason and reality. He would have supposed a newspaper office to be that topos uranios, that heavenly realm of ideas, which he has described so impressively that to this day all the better class of people are still idealists when talking to their children or employees. And of course if Plato were to walk suddenly into a news editor’s office today and prove himself to be indeed that great author who died over two thousand years ago he would be a tremendous sensation and would instantly be showered with the most lucrative offers. If he were then capable of writing a volume of philosophical travel pieces in three weeks, and a few thousand of his well-known short stories, perhaps even turn one or the other of his older works into film, he could undoubtedly do very well for himself for a considerable period of time. The moment his return had ceased to be news, however, and Mr. Plato tried to put into practice one of his well-known ideas, which had never quite come into their own, the editor in chief would ask him to submit only a nice little column on the subject now and then for the Life and Leisure section (but in the easiest and most lively style possible, not heavy: remember the readers), and the features editor would add that he was sorry, but he could use such a contribution only once a month or so, because there were so many other good writers to be considered. And both of these gentlemen would end up feeling that they had done quite a lot for a man who might indeed be the Nestor of European publicists but still was a bit outdated, and certainly not in a class for current newsworthiness with a man like, for instance, Paul Arnheim.

a guitar. A hammock is swung near the table. It is three o'clock in the afternoon of a cloudy day. MARINA, a quiet, grey-haired, little old woman, is sitting at the table knitting a stocking. ASTROFF is walking up and down near her. MARINA. [Pouring some tea into a glass] Take a little tea, my son. ASTROFF. [Takes the glass from her unwillingly] Somehow, I don't seem to want any. MARINA. Then will you have a little vodka instead? ASTROFF. No, I don't drink vodka every day, and besides, it is too hot now. [A pause] Tell me, nurse, how long have we known each other? MARINA. [Thoughtfully] Let me see, how long is it? Lord—help me to remember. You first came here, into our parts—let me think—when was it? Sonia's mother was still alive—it was two winters before she died; that was eleven years ago—[thoughtfully] perhaps more. ASTROFF. Have I changed much since then? MARINA. Oh, yes. You were handsome and young then, and now you are an old man and not handsome any more. You drink, too. ASTROFF. Yes, ten years have made me another man. And why? Because I am overworked. Nurse, I am on my feet from dawn till dusk. I know no rest; at night I tremble under my blankets for fear of being dragged out to visit some one who is sick; I have toiled without repose or a day's freedom since I have known you; could I help growing old? And then, existence is tedious, anyway; it is a senseless, dirty business, this life, and goes heavily. Every one about here is silly, and after living with them for two or three years one grows silly oneself. It is inevitable. [Twisting his moustache] See what a long moustache I have grown. A foolish, long moustache. Yes, I am as silly as the rest, nurse, but not as stupid; no, I have not grown stupid. Thank God, my brain is not addled yet, though my feelings have grown numb. I ask nothing, I need nothing, I love no one, unless it is yourself alone. [He kisses her head] I had a nurse just like you when I was a child. MARINA. Don't you want a bite of something to eat? ASTROFF. No. During the third week of Lent I went to the epidemic at Malitskoi. It was eruptive typhoid. The peasants were all lying side by side in their huts, and the calves and pigs were running about the floor among the sick. Such dirt there was, and smoke! Unspeakable! I slaved among those people all day, not a crumb passed my lips, but when I got home there was still no rest for me; a switchman was carried in from the railroad; I laid him on the operating table and he went and died in my arms under chloroform, and then my feelings that should have been deadened awoke

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.

Revelation Chapter 18 details the many goods which are sold through the Daughter of Babylon’s ports. The lengthy list appears in Revelation 18:11-13. Take any one of those goods listed by John two thousand years ago and ask this question: is any other nation the center for world trade in those commodities, except for the United States? Where else does one find exchanges as important as the New York Stock Exchange, the American Stock Exchange, the New York Mercantile Exchange, the New York Cotton Exchange, the Chicago Board of Trade, the Chicago Mercantile Exchange and numerous other exchanges for currency, coffee, sugar, tea, cocoa, soybeans, oats, wheat, cattle, hogs, lumber, diamonds, iron, ivory, marble, spices, cosmetics, steel, tin, zinc, rubber, etc. Those exchanges, through which the world’s commerce is passed daily, are all located in one country. They’re not in Iraq, nor in Rome.

The financial crisis of 2008 is illustrated by the following analogy. There is no doubt that the improvements in engineering have made the passenger car safer than it was 50 years ago. But that does not mean that the automobile is safe at any speed. A small bump on the road can flip the most advanced passenger car speeding 120 mph today just as surely as an older model traveling 80 mph. During the Great Moderation, risks were indeed lower, and financial firms rationally leveraged their balance sheets in response. But their leverage became too great, and all that was needed was an unexpected increase in the default rate on subprime mortgages—that “bump on the road”—to catapult the economy into a crisis.

The masses long ago switched from stocks to investments having higher yields and more protection from inflation. Now the pension funds - the market’s last hope - have won permission to quit stocks and bonds for real estate, futures, gold, and even diamonds. The death of equities looks like an almost permanent condition.5

Smith in his book and with his life is telling us how to live. Seek wisdom and virtue. Behave as if an impartial spectator is watching you. Use the idea of an impartial spectator to step outside yourself and see yourself as others see you. Use that vision to know yourself. Avoid the seductions of money and fame, for they will never satisfy. How to be virtuous is not so obvious, and that comes next. But I want to close this chapter with Peter Buffett, the man who ended up selling his Berkshire Hathaway stock for $90,000 and giving up the $100 million he could have had in order to pursue a career as a musician. A few years ago, Peter Buffett reflected on his decision to sell his Berkshire Hathaway stock to pursue his dreams in his memoir, Life Is What You Make It. He claims to have no regrets. But could a life as a successful musician possibly be worth giving up $100 million? Wouldn’t $100 million be even more pleasant? Then you ask yourself—what could he have with the extra millions? A nicer car? He could have a Lamborghini Veneno Roadster that retails for about $4 million. Or he could settle for the lovely Ferrari Spider, at $300,000; he could have a couple of those. He could have a mansion you and I can only imagine, anywhere in the world. Like Onassis, he could own an island or two rather than enduring the indignity of visiting an island in the Mediterranean, say, and having to share it with others while staying at a nice hotel. Could those physical pleasures possibly be worth sacrificing the life in music that he dreamed of and ultimately achieved? I think Peter Buffett got a bargain. He gave up $100 million and got something—hard as it is to imagine—that was even more precious. A good life. I think Adam Smith would agree with me.

Jaywalker’s suitemates (a word he’d grown especially fond of, ever since the spellcheck feature on his computer had tried to correct it to sodomites) included two P.I. lawyers (the initials standing for personal injury, a considerably more polite designation than the also-used A.C. for ambulance chaser); an immigration practitioner named Herman Greenberg, who, in a stroke of marketing genius, had had his business cards printed on green card stock, forever earning himself the aka Herman Greencard; a bankruptcy specialist known in-house as “Fuck-the-Creditors” Feinblatt; an older guy who did nothing but chain-smoke, cough, read the Law Journal and handle real estate closings; and a woman who didn’t seem to do much of anything at all but wait for her next Big Case to walk through the door, her last Big Case having walked out the door fifteen years ago.

The term cartel was virtually unknown to the American language a generation ago. Like most borrowed words, when first taken over it meant different things to different persons. Time was required to crystallize its meaning. In this country it now commonly refers to international marketing arrangements. In a companion study we have defined such a cartel as an arrangement among, or on behalf of, producers engaged in the same line of business designed to limit or eliminate competition among them.

Education has benefits aside from stabilizing family incomes. Education makes individuals more polished dinner partners, for instance, something non-negligible. But the idea of educating people to improve the economy is rather novel. The British government documents, as early as fifty years ago, an aim for education other than the one we have today: raising values, making good citizens, and “learning,” not economic growth (they were not suckers at the time)—a point also made by Alison Wolf. Likewise, in ancient times, learning was for learning’s sake, to make someone a good person, worth talking to, not to increase the stock of gold in the city’s heavily guarded coffers. Entrepreneurs,

In our deep poverty, after I had gathered together a few things for sale, a sister who earns her living pay the labor of her hands for 82 pounds. This sister was convinced that believers in our Lord Jesus should act out His commandments; "Sell that, ye have, and give alms (Luke 12: 33; lay not up for yourselves treasures upon Earth (Matthew 6:19). Accordingly, she drew her money out of the bank and stocks, 250 pounds, and brought it to me at three different times for the benefit of the orphans, the Bible, missionary, and school funds, and the poor saints. About two months ago she brought me 100 pounds more after she had sold some other possessions. The 82 pounds she brought today is from the sale of her last earthly possession. She never expressed the least regret for the step she took, but went on quietly laboring with her hands to earn her daily living.

Every New Year's Day, my parents had a big party, and their friends came over and bet on the Rose Bowl and argued about which of the players on either team were Jewish, and my mother served her famous lox and onions and eggs, which took her the entire first half to make. It took her so long, in fact, that I really don't have time to give you the recipe, because it takes up a lot of space to explain how slowly and painstakingly she did everything, sautéing the onions over a tiny flame so none of them would burn, throwing more and more butter into the pan, cooking the eggs so slowly that my father was always sure they wouldn't be ready until the game was completely over and everyone had gone home. We should have known my mother was crazy years before we did just because of the maniacal passion she brought to her lox and onions and eggs, but we didn't. Another thing my mother was famous for serving was a big ham along with her casserole of lima beans and pears. A couple of years ago, I was in Los Angeles promoting Uncle Seymour's Beef Borscht and a woman said to me at a party, "Wasn't your mother Bebe Samstat?" and when I said yes, she said, "I have her recipe for lima beans and pears. " I like to think it would have amused my mother to know that there is someone in Hollywood who remembers her only for her lima beans and pears, but it probably wouldn't have. Anyway, here's how you make it: Take 6 cups defrosted lima beans, 6 pears peeled and cut into slices, 1/2 cup molasses, 1/2 cup chicken stock, 1/2 onion chopped, put into a heavy casserole, cover and bake 12 hours at 200*. That's the sort of food she loved to serve, something that looked like plain old baked beans and then turned out to have pears up its sleeve. She also made a bouillabaisse with Swiss chard in it. Later on, she got too serious about food- started making egg rolls from scratch, things like that- and one night she resigned from the kitchen permanently over a lobster Cantonese that didn't work out, and that was the beginning of the end.

Mr. Megishima has already begun the broth. First he minced some garlic... and then onion, red bell peppers and perfectly ripe tomatoes, building a flavor with a deeply complex acidity and body." "What sort of stock did you choose?" "Chicken. Already got it going in a stockpot. In fact... ... it should be just about ready." "MMMMMM!" "Just the scent of that stock is enough to make you fidget in anticipation!" "Man, I'd totally be happy just pouring that over some white rice and chowing down!" "With the base stock ready, I'll add the veggies I cut up... ... along with some drumettes and other stuff. Now to let 'em simmer in the pot until their flavors meld together. Then the broth'll be done." "Another point to watch is the Char Siu pork he put together a moment ago. He made certain to rub it with a certain marinade before binding it." "A special marinade?" "Yes. It was made with garlic, soy sauce, sugar, sake, and one more intriguing ingredient... PEANUTS! Those, I believe, will be the key to his entire dish! "?! Holy crap! What the heck is with that overflowing giant tub of red peppers?!" "Yes... he will use peanuts... ... to bring out every last drop of deliciousness red peppers possess!

The Christianity of Paine's day is not the Christianity of our time. There has been a great improvement since then. One hundred and fifty years ago the foremost preachers of our time would have perished at the stake. A Universalist would have been torn in pieces in England, Scotland, and America. Unitarians would have found themselves in the stocks, pelted by the rabble with dead cats, after which their ears would have been cut off, their tongues bored, and their foreheads branded. Less than one hundred and fifty years ago the following law was in force in Maryland: "Be it enacted by the Right Honorable, the Lord Proprietor, by and with the advice and consent of his Lordship's governor, and the upper and lower houses of the Assembly, and the authority of the same: "That if any person shall hereafter, within this province, wittingly, maliciously, and advisedly, by writing or speaking, blaspheme or curse God, or deny our Saviour, Jesus Christ, to be the Son of God, or shall deny the Holy Trinity, the Father, Son, and Holy Ghost, or the Godhead of any of the three persons, or the unity of the Godhead, or shall utter any profane words concerning the Holy Trinity, or any of the persons thereof, and shall thereof be convict by verdict, shall, for the first offense, be bored through the tongue, and fined twenty pounds to be levied of his body. And for the second offense, the offender shall be stigmatized by burning in the forehead with the letter B, and fined forty pounds. And that for the third offense, the offender shall suffer death without the benefit of clergy." The strange thing about this law is, that it has never been repealed, and is still in force in the District of Columbia Laws like this were in force in most of the colonies, and in all countries where the Church had power.

Because for all my massive appetite, I cannot cook to save my life. When Grant came to my old house for the first time, he became almost apoplectic at the contents of my fridge and cupboards. I ate like a deranged college frat boy midfinals. My fridge was full of packages of bologna and Budding luncheon meats, plastic-wrapped processed cheese slices, and little tubs of pudding. My cabinets held such bounty as cases of chicken-flavored instant ramen noodles, ten kinds of sugary cereals, Kraft Macaroni & Cheese, and cheap canned tuna. My freezer was well stocked with frozen dinners, heavy on the Stouffer's lasagna and bags of chicken tenders. My garbage can was a wasteland of take-out containers and pizza boxes. In my defense, there was also always really good beer and a couple of bottles of decent wine. My eating habits have done a pretty solid turnaround since we moved in together three years ago. Grant always leaved me something set up for breakfast: a parfait of Greek yogurt and homemade granola with fresh berries, oatmeal that just needs a quick reheat and a drizzle of cinnamon honey butter, baked French toast lingering in a warm oven. He almost always brings me leftovers from the restaurant's family meal for me to take for lunch the next day. I still indulge in greasy takeout when I'm on a job site, as much for the camaraderie with the guys as the food itself; doesn't look good to be noshing on slow-roasted pork shoulder and caramelized root vegetables when everyone else is elbow-deep in a two-pound brick of Ricobene's breaded steak sandwich dripping marinara.

Is the stock market riskier today than two years ago simply because prices are higher? The answer is no.” But the answer is yes. It always has been. It always will be.

Oaxaca 1925 You were a beautiful child With a troubled face, green eyelids And black lace stockings We met in a filthy bar You said "My name is Nada I don't want anything from you I will not take from you I will give you nothing" I took you home down alleys Splattered with moonlight and garbage and cats To your desolate disheveled room Your feet were dirty The lacquer was chipped on your fingernails We spent a week hand in hand Wandering entranced together Through a sweltering summer Of guitars and gunfire and tropical leaves And black shadows in the moonlight A lifetime ago

1)  In Europe, especially France, ethnic civil war will break out, with Islam for its banner. It has already begun in a diffuse but clear fashion, a war of internal conquest that aims quite simply at making our continent a new Muslim land (Dar al-Islam)[99] where people of European stock are called upon to become subject minorities and the populations that came from the South intend to become the majority. If the initiative succeeds, it will be a case of the pure and simple disappearance of European civilisation, which was born 3,500 years ago. 2)  On the world scale, we are going to witness a global Islamic offensive, on the European front (from France to the Balkans) and the African front, but also in Russia, Central Asia, the Indian subcontinent and the Far East. 3)  The American superpower can only decline, especially in the face of the formidable rise in Chinese power. Taking account of the atavistic militarism of the USA, a major confrontation between Americans and Chinese cannot be excluded. All the same, we can count on America’s clumsy militarism, which starts fires without ever succeeding in eliminating its designated enemies, to multiply hotbeds of war throughout the world.

up the pathway to the front door.  She’d called and left him a message, letting him know that she was coming, and that she’d leave the documents with the housekeeper if he wasn’t there.  Ringing the doorbell, she couldn’t stop the blush that stole up her cheeks as she remembered the last time she’d been here.  Had it really been only two days ago?  It seemed like a lot longer.  Did he still have those stockings?  Surely he’d tossed them out by now.  And no, she hadn’t dared to purchase another pair.  Not after the last debacle.  When the door opened, she was bracing herself to face Hunter once again.  Her plan was to congratulate him, just as she would any other client, hand him the champagne and the closing documents, and then leave as quickly as possible.  Just as she would all of her other clients.  They were all trying to unpack, overwhelmed with the process but excited about their new purchase.  She very seriously doubted if anything overwhelmed Hunter, but she was going to go through her routine anyway.  All of her clients deserved the same treatment, and she shouldn’t slack off with Hunter simply because…well, because he could make her feel things that… “Goodness, come in out of the heat, my dear!” the housekeeper urged, waving Kara into the cool interior.  “Mr. West is out back in the pool, but he said he was expecting you and that you’d know the way.  If he needs anything at all,” she said, as she hefted a purse onto her shoulder that Kara suspected could substitute for a suitcase, “just tell him to give me a ring.” Kara opened her mouth to stop the woman as the two of them exchanged places, the housekeeper moving to the outside even as Kara was nudged inside.  Kara went so far as to lift her hand, trying to indicate that she wanted to say something, but the efficient woman bustled out of the house, closing the front door in the process.  Kara stared at the closed door for several long moments, wondering how that had just happened.  Her plan had been simple.  Just hand over the bottle and documents, convey her congratulations and head back.  What had just happened?  Kara turned around.  It felt strange to be standing here, alone, in Hunter’s house.  She’d been here two days ago, but the house hadn’t been his.  The man now owned the house, all the furniture, and the acres of land and waterfront.  It felt much more intimate now for some reason.  Looking around, she wished that she could just leave the documents on the kitchen counter or the rough, wooden coffee table that looked perfect next to the white sofas.  Everything felt and looked clean and comfortable, exactly as she would have decorated this area.  The pops of green were vibrant and exhilarating, a perfect accompaniment to the fresh, white furniture.  With a sigh, she turned away from the alluring great room décor and searched out the man of the moment.  As she stepped past the sofas, she saw him.  In the pool.  Without any clothes on! Oh goodness, she thought with a strangled breath.  It took her several moments to realize that she needed to inhale, her breath caught in her throat as she watched the man’s bare skin, and all the muscles, and…well, all of him!  Okay, so he wasn’t naked, he was wearing a bathing suit but his broad, muscular back and those arms…they were even more ridged with muscles than she’d thought.  He was spectacular!  Never in her wildest imaginings had she pictured him that buff, but there

So where’s your kitchen general?” Val asked as they settled in for a brandy in wing chairs before the hearth in the library. “She missed tea and dinner.” “She’s asleep.” St. Just had sent a tray up to her at teatime, then checked on her just an hour or so ago. The food was half gone, and the kitchen general was facedown on her bed, one foot still wearing its stocking. He’d wrestled her out of her clothes and tucked her in, all without her even opening both eyes. “She’s the prettiest kitchen general I can recall meeting,” Val said, toeing off his boots. “And she looks at you like you are the world’s largest chocolate cream cake.” “She does not.” She might have once upon a dark night, but she was obviously retrenching from that happy aberration. “She does too. When you’re out there on your horses, she glances repeatedly out the window, then just stops and stares and sighs and shakes her head and starts glancing again. When she came into the music room looking for the child, she asked me what kind of music you like best.” “I

But what were even gold and silver, precious stones and clockwork, to the bookshops, whence a pleasant smell of paper freshly pressed came issuing forth, awakening instant recollections of some new grammar had at school, long time ago, with ‘Master Pinch, Grove House Academy’, inscribed in faultless writing on the fly-leaf! That whiff of russia leather, too, and all those rows on rows of volumes, neatly ranged within – what happiness did they suggest! And in the window were the spick-and-span new works from London, with the title-pages, and sometimes even the first page of the first chapter, laid wide open: tempting unwary men to begin to read the book, and then, in the impossibility of turning over, to rush blindly in, and buy it! Here too were the dainty frontispiece and trim vignette, pointing like hand-posts on the outskirts of great cities to the rich stock of incident beyond; and store of books, with many a grave portrait and time-honoured name, whose matter he knew well, and would have given mines to have, in any form, upon the narrow shelf beside his bed … What a heart-breaking shop it was!

Creating a huge personal fortune was never particularly a goal of mine, and the proof of that lies in the fact that even to this day most of my, and my family’s, wealth remains in the form of Wal-Mart stock. I think most people in our position would have hedged their bets a long time ago and diversified into all kinds of investments. As it’s happened, though, our very simplistic, very personal investment strategy has turned out far better than anyone could ever have expected. So Wal-Mart stock has made the Waltons a very wealthy family—on paper anyway. I

Once, ten years ago, at a Sunday-afternoon party in some apartment that she remembered now as being labyrinthine, although it probably had only four bedrooms, as opposed to the place she shared with her brother and her father that had two, Mike Shea had seized her by the wrist and pulled her into a dim room and plastered his mouth against hers before she could catch her breath. She had known him since high school, he was part of the crowd she went with then, and he had kissed her once or twice before—she remembered specifically the train station at Fishkill, on a snowy night when they were all coming back from a sledding party—but this was passionate and desperate, he was very drunk, and rough enough to make her push him off if he had not, in the first moment she had come up for air, gently taken off his glasses and placed them on a doilied dresser beside them, and then, in what seemed the same movement, reached behind her to lock the door. It was the odd, drunken gentleness of it, not to mention the snapping hint of danger from the lock, that changed her mind. And after two or three rebukes when he tried to get at the buttons that ran up the back of her dress, she thought, Why not, and although her acquiescence seemed to slow him down a bit, as if he was uncertain of the next step, she was enjoying herself enough by then to undo the last button without prompting and then to pull her bare shoulder and arm up out of the dress—first one then the other—and to pull dress and slip (she didn’t wear a bra, no need) down to her waist in a single gesture. And then—was it just the pleasure of the material against her bare flesh, his shirt front, her wool?—she slowly pushed dress and slip and garter belt and stockings down over her narrow hips until they fell to her feet. And then she stepped out of her shoes. (“Even the shoes?” the priest had whispered in the confessional the following Saturday, as if it was more than he could bear, or imagine—as if, she thought later, he was ready to send her to perdition or ask her for a date.)

What Musk had done that the rival automakers missed or didn’t have the means to combat was turn Tesla into a lifestyle. It did not just sell someone a car. It sold them an image, a feeling they were tapping into the future, a relationship. Apple did the same thing decades ago with the Mac and then again with the iPod and iPhone. Even those who were not religious about their affiliation to Apple were sucked into its universe once they bought the hardware and downloaded software like iTunes. This sort of relationship is hard to pull off if you don’t control as much of the lifestyle as possible. PC makers that farmed their software out to Microsoft, their chips to Intel, and their design to Asia could never make machines as beautiful and as complete as Apple’s. They also could not respond in time as Apple took this expertise to new areas and hooked people on its applications. You can see Musk’s embrace of the car as lifestyle in Tesla’s abandonment of model years. Tesla does not designate cars as being 2014s or 2015s, and it also doesn’t have “all the 2014s in stock must go, go, go and make room for the new cars” sales. It produces the best Model S it can at the time, and that’s what the customer receives. This means that Tesla does not develop and hold on to a bunch of new features over the course of the year and then unleash them in a new model all at once. It adds features one by one to the manufacturing line when they’re ready. Some customers may be frustrated to miss out on a feature here and there. Tesla, however, manages to deliver most of the upgrades as software updates that everyone gets, providing current Model S owners with pleasant surprises.

We do this because a century and a half ago we embraced business as the dominant model for our outer and inner lives. Ours is an ideology of achieved identity; obligatory striving is its method, and failure and success are its outcomes. We reckon our incomes once a year but audit ourselves daily, by standards of long-forgotten origin. Who thinks of the old counting house when we "take stock" of how we "spend" our lives, take "credit" for our gains, or try not to end up "third rate" or "good for nothing"? Someday, we hope, "the bottom line" will show that we "amount to something." By this kind of talk we "balance" our whole lives, not just our accounts. Willy Loman speaks this way. Choosing suicide to launch his sons with insurance money, he asks, "Does it take more guts to stand here the rest of my life ringing up a zero?" He insists that a man is not a piece of fruit to be eaten and the peel discarded, but he does not see that a man is not a cash register.'°

My little twenty-year-old thirteen-inch black-and-white TV had quit working a couple of months ago. I wouldn’t be able to watch Jimmy Stewart discover it was a wonderful life for the millionth time on Christmas Day, not this year. I tried to concentrate on crime in Isola, but kept thinking about those tips; planning how I’d spend the dough. I’d stock up on food first, can goods and package stuff I could heat up on my hotplate. And cases of Top Ramen for those lean times. Maybe I’d splurge on some cookies and a few snacks. A man needed something to look forward to in this dreary world. Heck, if I really made out like a bandit, maybe I could hold back a twenty so I could take a girl out to lunch. Maybe I’d even take her to the movies. Of course I’d have to find the girl, first.

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?

It’s you and me,” she said, “in our own house. Nothing between us—no interruption. Maybe it’s because I’m just of common stock, but I want the home about me: candles burning, curtains drawn, warmth, tea, friendship, love. Those are what matter to me. This morning—even a few hours ago—I thought it was all gone forever.

But don’t the wights get caught?” I said. “I mean, if they’re helping murder people, you’d think—” “Some do,” Emma said. “Wager you’ve heard of a few, if you follow the news. There was one fellow, they found him with human heads in the icebox and gibletty goodies in a stock pot over a low boil, like he was making Christmas dinner. In your time this wouldn’t have been so very long ago.” I remembered—vaguely—a sensationalized late-night TV special about a cannibalistic serial killer from Milwaukee who’d been apprehended in similarly gruesome circumstances. “You mean … Jeffrey Dahmer?” “I believe that was the gentleman’s name, yes,” said Millard. “Fascinating case. Seems he never lost his taste for the fresh stuff, though he’d not been a hollow for many years.

HDFC Bank was the first of the private lenders to go public— even before it completed a full year. 'It was a mistake,' Deepak told me. The RBI required the new banks to go public within a year but all other lenders went back to the regulator and got extensions. 'We didn't ask for it. We were too naive,' Deepak said. 'Everybody took time as they wanted to get a premium. We sold at par, ₹10. But I have no regrets.' Deepak pushed for a par issue as the bank had nothing to show. And the disaster of parent HDFC's listing was still haunting him, though that had happened a decade and a half ago. In 1978, India's capital market was in a different shape and mortgage was a new product, not understood by many. HDFC put the photograph of its first borrower on the cover of its balance sheet, a D. B. Remedios from Thane, who took a loan of ₹35,000 to build his house. The public issue of HDFC bombed. In an initial public offering (IPO) of ₹10 crore, the face value of one share was ₹100. ICICI, IFC (Washington) and the Aga Khan Fund took 5% stakes each in the mortgage lender and the balance 85% equity was offered to the public, but there were few takers. The stock quoted at a steep discount on listing. For the bank, Deepak did not want to take any chance. So portions of the issue were reserved for the shareholders and employees of HDFC as well as the bank's employees. HDFC decided to own close to a 26% stake in the bank and NatWest 20%. Satpal was offered about 5% and the public 25%. The size of the public issue was ₹50 crore. 'We didn't know whether it would succeed. Our experience with HDFC had been a disaster,' Deepak said. But Deepak had grossly underestimated investors' appetite for the new bank. The issue, which opened on 14 March 1995, was subscribed a record fifty-five times. The stock was listed on the Bombay Stock Exchange (now known as BSE Ltd) on 26 May that year at ₹39.95, almost at a 300% premium.

Ticker tape fever. During the run-up to the 1929 crash on Wall Street, many people had become addicted to playing the stock market, and this addiction had a physical component—the sound of the ticker tape that electronically registered each change in a stock’s price. Hearing that clicking noise indicated something was happening, somebody was trading and making a fortune. Many felt drawn to the sound itself, which felt like the heartbeat of Wall Street. We no longer have the ticker tape. Instead many of us have become addicted to the minute-by-minute news cycle, to “what’s trending,” to the Twitter feed, which is often accompanied by a ping that has its own narcotic effects. We feel like we are connected to the very flow of life itself, to events as they change in real time, and to other people who are following the same instant reports. This need to know instantly has a built-in momentum. Once we expect to have some bit of news quickly, we can never go back to the slower pace of just a year ago. In fact, we feel the need for more information more quickly. Such impatience tends to spill over into other aspects of life—driving, reading a book, following a film. Our attention span decreases, as well as our tolerance for any obstacles in our path.

So, if the company is better positioned today than it was a year ago, why is the stock price so much lower than it was a year ago? As the famed investor Benjamin Graham said, “In the short term, the stock market is a voting machine; in the long term, it’s a weighing machine.” Clearly there was a lot of voting going on in the boom year of ’99—and much less weighing. We’re a company that wants to be weighed, and over time, we will be—over the long term, all companies are. In the meantime, we have our heads down working to build a heavier and heavier company.

I said I had two things to tell you. Now, scientifically, that's how it breaks down. But we're complex animals, and we're constantly changing. Things I thought ten years ago seem like absolute bullshit now. So there's no scientific formula to predict how things are going to work out with a marriage, because a marriage in year one is completely different from the same marriage ten years later. So when you're dealing with something incredibly unpredictable, like human beings, numbers and formulas don't mean shit. The best you can do is take all the information you have and, scientifically speaking, do what?" he asked, staring at me, awaiting an answer. "Uh . . . I don't know," I said, unsure if this was a rhetorical question. "I should buy you a fucking sign that says 'I don't know' to save you time. The best you can do is make an educated guess, son. "So I'll tell you what I did right before I asked your mother to marry me. I took a day and I sat and I thought about all the things I had learned about myself, and about women, up to that point in my life. Just sat and thought. I may have smoked marijuana as well. Anyway, at the end of the day, I took stock of everything I'd gone through in my head, and I asked myself if I still wanted to propose to your mother. And I did. So that's what I humbly suggest you do, unless you think you're somehow smarter than I am, which, considering you share my genetics, is unlikely," he said, laughing as he sat back and took a big sip of Diet Coke.

Are you going to help me up?” Adaira unwound her matted braid and laughed again. “Do you think I was born yesterday?” She gave him a terrible idea. He almost smiled. “Then will you at least take my harp? It’s going to warp now, after all this time in the water.” He held up his instrument, and Adaira studied it. Jack concealed his glee as she reached forward to take hold of his harp. As soon as her fingers closed over the frame, he pulled. Adaira let out a shriek as she tumbled into the sea, just over his head. He couldn’t resist it; a broad grin spread across his face as Adaira spluttered to the surface. “You will soon pay for that,” she said, wiping water from her eyes. “Old menace.” “I have no doubt,” he replied in a droll tone. “What will it be, heiress? Tar and feathers? The stocks? My firstborn son?” She stared at him a moment, pearls of water on her long lashes. The sea lapped at their shoulders, and Jack could feel her fingers brush his as they both waded in the roll of the waves. “I can think of something far worse.” But she smiled as she said it, and he had never seen such a smile on her face before. Or maybe he had once, long ago when they were children. She was making him remember those old days. Days spent in the sea and caves. Nights spent roaming the wild places, the thistle patches and glens and the rocks on the coast. She was making him remember what it felt like to belong on isle. To belong to the east. She wanted him to stay and play for their clan, and Jack was beginning to think that maybe he should seize that opportunity, even if it stole his health, song by song. Just for a year. A full passing of seasons. Long enough to see her rise as laird. He drew a tendril of golden algae from her hair and begrudgingly acknowledged it then. He disliked her a little less than yesterday. And that could only bring him trouble.

We still own 38 percent of the company’s stock today, which is an unusually large stake for anyone to hold in an outfit the size of Wal-Mart, and that’s the best protection there is against the takeover raiders. It’s something that any family who has faith in its strength as a unit and in the growth potential of its business can do. The transfer of ownership was made so long ago that we didn’t have to pay substantial gift or inheritance taxes on it. The principle behind this is simple: the best way to reduce paying estate taxes is to give your assets away before they appreciate.

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.

Look for strong price signals: channel breakout, head-and-shoulders, good range trades. (I used to include Golden Cross, but it let me down once too often. Maybe I should give it another try, as that was a few years ago.) Always confirm the price signal with another indicator (RSI or volume). If in doubt check a third indicator. If that is not conclusive, don't trade. Ensure the potential profit is at least 2x the stop-loss level, 3x or more if possible.  Trade in lots of [5% my portfolio size]. Place the stop-loss at the same time as the order. Do not ever, ever break these rules. The market can stay irrational longer than you can stay solvent. If you can't find a trade, don't try to make one.

It is little short of amazing how long ago these prescient warnings were issued. Justice Stone warned us in 1934. John Maynard Keynes warned us in 1936. Benjamin Graham warned us in 1958. Isn’t it high time we stand on the shoulders of these intellectual giants and shape national policy away from the moral relativism of peer conduct and greed and short-term speculation—gambling on expectations about stock prices? Isn’t it high time to return to the moral absolutism of fiduciary duty, to return to our traditional ethic of long-term investment focused on building the intrinsic value of our corporations—prudence, due diligence and active participation in corporate governance?