Instant Stock Quotes

It was a face which darkness could kill in an instant a face as easily hurt by laughter or light 'We think differently at night' she told me once lying back languidly And she would quote Cocteau 'I feel there is an angel in me' she'd say 'whom I am constantly shocking' Then she would smile and look away light a cigarette for me sigh and rise and stretch her sweet anatomy let fall a stocking

The warm night claimed her. In a moment it was part of her. She walked on the grass, and her shoes were instantly soaked. She flung up her arms to the sky. Power ran to her fingertips. Excitement was communicated from the waiting trees, and the orchard, and the paddock; the intensity of their secret life caught at her and made her run. It was nothing like the excitement of ordinary looking forward, of birthday presents, of Christmas stockings, but the pull of a magnet - her grandfather had shown her once how it worked, little needles springing to the jaws - and now night and the sky above were a vast magnet, and the things that waited below were needles, caught up in the great demand. ("The Pool")

His intuition was luminous from the instant you met him. So was his intelligence. A lot of actors act intelligent, but Philip was the real thing: a shining, artistic polymath with an intelligence that came at you like a pair of headlights and enveloped you from the moment he grabbed your hand, put a huge arm round your neck and shoved a cheek against yours; or if the mood took him, hugged you to him like a big, pudgy schoolboy, then stood and beamed at you while he took stock of the effect. (About Philip Seymour Hoffman)

She suddenly became aware of his keen blue eyes upon her, taking her all in. Instantly her broken boots and her frayed old frock hurt her. She resented his seeing everything. Even he knew that her stocking was not pulled up. She went into the scullery, blushing deeply. And afterwards her hands trembled slightly at her work, she nearly dropped all she handled. When her inside dream was shaken, her body quivered with trepidation. She resented that he saw so much.

Do we have any plans for this evening?” he whispered in her ear. She nodded; the motion caused her hair to tickle his cheek. “A ball,” she said. “At Lady Mottram’s.” Anthony couldn’t resist the soft silkiness of her hair, and he threaded two fingers through it, letting it slide across his hand and wrap around his wrist. “Do you know what I think?” he murmured. He heard her smile as she asked, “What?” “I think I’ve never cared that much for Lady Mottram. And do you know what else I think?” Now he heard her trying not to giggle. “What?” “I think we should go upstairs.” “You do?” she asked, clearly feigning ignorance. “Oh, indeed. This very minute, as a matter of fact.” She wiggled her bottom, the minx, ascertaining for herself just how quickly he needed to go upstairs. “I see,” she murmured gravely. He pinched her hip lightly. “I rather thought you felt” “Well, that, too,” she admitted. “It was quite enlightening.” “I’m sure it was,” he muttered. Then, with a very wicked smile, he nudged her chin until they were nose to nose. “Do you know what else I think?” he said huskily. Her eyes widened. “I’m sure I can’t imagine.” “I think,” he said, one of his hands creeping under her dress and slithering up her leg, “that if we don’t go upstairs this instant, I might be content to remain right here.” “Here?” she squeaked. His hand found the edge of her stockings. “Here,” he affirmed. “Now?” His fingers tickled her soft thatch of hair, then sank into the very core of her womanhood. She was soft and wet and felt like heaven. “Oh, most definitely now,” he said. “Here?” He nibbled on her lips. “Didn’t I already answer that question?” And if she had any further questions, she didn’t voice them for the next hour. Or maybe it was just that he was trying his damnedest to rob her of speech. And if a man could judge from the little squeals and mewls that slipped from her mouth, he was doing a ripping good job. -Anthony & Kate

I'm talking about your lovely long arms and your perfectly shaped legs... I find I am quite jealous of those stockings for knowing the feel of you, the warmth of you." She shifted, unable to keep still beneath the onslaught of his words. "I'm talking about that corset that hugs you where you are lovely and soft... is it uncomfortable?" She hesitated. "Not usually." "And now?" She heard the knowledge in the question. She nodded once. "It's rather- constricting." He tutted once, and she opened her eyes, instantly meeting his, hot and focused on her. "Poor Pippa. Tell me, with your knowledge of the human body, why do you think that is?" She swallowed, tried for a deep breath. Failed. "It's because my heart is threatening to beat out of my chest." The smile again. "Have you overexerted yourself?" She shook her head. "No." "What, then?" She was not a fool. He was pushing her. Attempting to see how far she would go. She told the truth. "I think it is you." He closed his eyes then, hands fisting again, and pressed his head back against the side of the desk, exposing the long column of his neck and his tightly clenched jaw. Her mouth went dry at the movement, at the way the tendons there bunched and rippled, and she was quite desperate to touch him. When he returned his gaze to hers, there was something wild in those pewter depths... something she was at once consumed and terrified by. "You shouldn't be so quick with the truth," he said. "Why?" "It gives me too much control." "I trust you." "You shouldn't." He leaned forward, bracing his arm against his raised knee. "You are not safe with me." She had never once felt unsafe with him. "I don't think that's correct." He laughed, low and dark, and the sound rippled through her, a wave of pleasure and temptation. "You have no idea what I could do to you, Philippa Marbury. The ways I could touch you. The wonders I could show you. I could ruin you without thought, sink with you into the depths of sin and not once regret it. I could lead you right into temptation and never ever look back." The words stole her breath. She wanted it. Every bit of it.

Spring Lane burned with a mythology of chipped slates, pale wash-water blue and flaking at the seam. The summer yellow glow of an impending dawn diffused, diluted in the million-gallon sky above the tannery that occupied this low end of the ancient gradient, across the narrow street from where Phyllis and Michael stood outside the alley-mouth. The tannery’s high walls of browning brick with rusted wire mess over its high windows didn’t have the brutal aura that the building had down in the domain of the living. Rather it was softly iridescent with a sheen of fond remembrance – the cloisters of some mediaeval craft since disappeared – and had the homely perfume of manure and boiled sweets. Past the peeling wooden gates that lolled skew-whiff were yards where puddles stained a vivid tangerine harboured reflected chimney stacks, lamp black and wavering. Heaped leather shavings tinted with corrosive sapphire stood between the fire-opal pools, an azure down mounded into fantastic nests by thunderbirds to hatch their legendary fledglings. Rainspouts eaten through by time had diamond dribble beading on their chapped tin lips, and every splinter and subsided cobble sang with endless being. Michael Warren stood entranced and Phyllis Painter stood beside him, sharing his enchantment, looking at the heart-caressing vista through his eyes. The district’s summer sounds were, in her ears, reduced to a rich stock. The lengthy intervals between the bumbling drones of distant motorcars, the twittering filigree of birdsong strung along the guttered eaves, the silver gurgle of a buried torrent echoing deep in the night-throat of a drain, all these were boiled down to a single susurrus, the hissing tingling reverberation of a cymbal struck by a soft brush. The instant jingled in the breeze.

Nate craned his head to see. The woman was Dominika, dressed in a dark suit and dark stockings, a prison-visitor’s badge was around her neck, and it swung as she walked, her heels clicking unevenly against the white floor tiles because of her slight limp. It was like a dream seeing her now, here, like this. Her hair was up as always, and their eyes met for an instant. It would have been the most natural thing for her to walk up to his chair, kiss him on the lips, order his bonds cut, and walk him out of this basement and through the front gates while holding his hand. She’d give him some khren, some grief, like “Dushka, you cannot manage even this without my help?

In the center of the room Elizabeth stood stock still, clasping and unclasping her hands, watching the handle turn, unable to breathe with the tension. The door swung open, admitting a blast of frigid air and a tall, broad-shouldered man who glanced at Elizabeth in the firelight and said, “Henry, it wasn’t necess-“ Ian broke off, the door still open, staring at what he momentarily thought was a hallucination, a trick of the flames dancing in the fireplace, and then he realized the vision was real: Elizabeth was standing perfectly still, looking at him. And lying at her feet was a young Labrador retriever. Trying to buy time, Ian turned around and carefully closed the door as if latching it with precision were the most paramount thing in his life, while he tried to decide whether she’d looked happy or not to see him. In the long lonely nights without her, he’d rehearsed dozens of speeches to her-from stinging lectures to gentle discussions. Now, when the time was finally here, he could not remember one damn word of any of them. Left with no other choice, he took the only neutral course available. Turning back to the room, Ian looked at the Labrador. “Who’s this?” he asked, walking forward and crouching down to pet the dog, because he didn’t know what the hell to say to his wife. Elizabeth swallowed her disappointment as he ignored her and stroked the Labrador’s glossy black head. “I-I call her Shadow.” The sound of her voice was so sweet, Ian almost pulled her down into his arms. Instead, he glanced at her, thinking it encouraging she’d named her dog after his. “Nice name.” Elizabeth bit her lip, trying to hide her sudden wayward smile. “Original, too.” The smile hit Ian like a blow to the head, snapping him out of his untimely and unsuitable preoccupation with the dog. Straightening, he backed up a step and leaned his hip against the table, his weight braced on his opposite leg. Elizabeth instantly noticed the altering of his expression and watched nervously as he crossed his arms over his chest, watching her, his face inscrutable. “You-you look well,” she said, thinking he looked unbearably handsome. “I’m perfectly fine,” he assured her, his gaze level. “Remarkably well, actually, for a man who hasn’t seen the sun shine in more than three months, or been able to sleep without drinking a bottle of brandy.” His tone was so frank and unemotional that Elizabeth didn’t immediately grasp what he was saying. When she did, tears of joy and relief sprang to her eyes as he continued: “I’ve been working very hard. Unfortunately, I rarely get anything accomplished, and when I do, it’s generally wrong. All things considered, I would say that I’m doing very well-for a man who’s been more than half dead for three months.” Ian saw the tears shimmering in her magnificent eyes, and one of them traced unheeded down her smooth cheek. With a raw ache in his voice he said, “If you would take one step forward, darling, you could cry in my arms. And while you do, I’ll tell you how sorry I am for everything I’ve done-“ Unable to wait, Ian caught her, pulling her tightly against him. “And when I’m finished,” he whispered hoarsely as she wrapped her arms around him and wept brokenly, “you can help me find a way to forgive myself.” Tortured by her tears, he clasped her tighter and rubbed his jaw against her temple, his voice a ravaged whisper: “I’m sorry,” he told her. He cupped her face between his palms, tipping it up and gazing into her eyes, his thumbs moving over her wet cheeks. “I’m sorry.” Slowly, he bent his head, covering her mouth with his. “I’m so damned sorry.

Fresh seafood stock made from shrimp and crab... It's hot and spicy- and at the same time, mellow and savory! Visions of lush mountains, cool springs and the vast ocean instantly come to mind! She brought out the very best flavors of each and every ingredient she used! "I started with the fresh fish and veggies you had on hand... ... and then simmered them in a stock I made from seafood trimmings until they were tender. Then I added fresh shrimp and let it simmer... seasoning it with a special blend I made from spices, herbs like thyme and bay leaves, and a base of Worcestershire sauce. I snuck in a dash of soy sauce, too, to tie the Japanese ingredients together with the European spices I used. Overall, I think I managed to make a curry sauce that is mellow enough for children to enjoy and yet flavorful enough for adults to love!" "Yum! Good stuff!" "What a surprise! To take the ingredients we use here every day and to create something out of left field like this!" "You got that right! This is a really delicious dish, no two ways about it. But what's got me confused... ... is why it seems to have hit him way harder than any of us! What on earth is going on?!" This... this dish. It... it tastes just like home! It looks like curry, but it ain't! It's gumbo!" Gumbo is a family dish famously served in the American South along the shores of the Gulf of Mexico. A thick and spicy stew, it's generally served over steamed rice. At first glance, it closely resembles Japan's take on curry... but the gumbo recipe doesn't call for curry powder. Its defining characteristic is that it uses okra as its thickener. *A possible origin for the word "gumbo" is the Bantu word for okra-Ngombu.*

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!

Closing the door, she turned back to him, taking in the long, muscled length of him on the bed, staring at her. Waiting for her. Perfection. He was perfect, and she was bare before him, bathed in candlelight. She was instantly embarrassed- somehow more embarrassed than she had been that night in his office, when she'd touched herself under his careful guidance. At least then she'd been wearing a corset. Stockings. Tonight, she wore nothing. She was all flaws, each one highlighted by his perfection. He watched her for a long moment before extending one muscled arm, palm up, an irresistible invitation. She went to him without hesitation, and he rolled to his back, pulling her over his lovely, lean chest, staring up at her intently. She covered her breasts in a wave of nerves and trepidation. "When you look at me like that... it's too much." He did not look away. "How do I look at you?" "I don't know what it is... but I feel as though you can see into me. As though, if you could, you would consume me." "It's want, love. Desire like nothing I've never experienced. I'm fairly shaking with it. Come here." The demand was impossible to resist, carrying with it the promise of pleasure beyond her dreams. She went. When she was close enough to touch, he lifted one hand, stroking his fingers along hers where they hid her breasts from view. "I tremble with need for you, Pippa. Please, love, let me see you." The request was raw and wretched, and she couldn't deny him, slowly moving her hands to settle them on his chest, fingers splayed wide across the crisp auburn hair that dusted his skin. She was distracted by that hair, the play of it over muscle- the way it narrowed to a lovely dark line across his flat stomach. He lay still as she touched him, his muscles firm and perfect. "You're so beautiful," she whispered, fingers stroking down his arms to his wrists. His gaze narrowed on her. "I am happy you approve, my lady." She smiled. "Oh I do, my lord. You are a remarkable specimen." White teeth flashed again as she gained her courage, retracing her touch, over his forearms, marveling in the feel of him, reciting from memory, "flexor digitorium superficialis, flexor capri radialis..." along his upper arms, "biceps brachii, tricipitis brachii..." over his shoulders, loving the way his muscles tensed and flexed beneath her touch, "deltoideus..." and down his chest, "subscapularis... pectoralis major..." She stilled, brushing her fingers over the curve of that muscle, the landscape of him... the valleys of his body. He sucked in a breath as her fingers ran over the flat discs of his nipples, arching up to her touch, and she stilled, reveling in her power. He enjoyed her touch. He wanted it. She repeated the stroke, this time with her thumbs. He hissed his pleasure, one wide hand falling to the inside of her knee, sending a river of heat through her. "Don't stop now, love. This is the most effective seduction I've ever experienced.

What a wallop of rich, full-bodied flavor! Tangy spiciness is flooding in my mouth! This ain't no sweet tea cake! Ankimo?! It's filled with ankimo monkfish liver!" "Yep! You've got it in one. This here is a special little dish I made... I dub it THE ANKIMONAKA GUTS SANDWICH!" "Wait a minute. There were no rice wafer shells or batter in the ingredient trucks! How could you make a monaka sandwich?!" "Easy enough to make your own with a little cornstarch and shiratama rice flour. Squeeze some batter between two muffin molds- like these- bake them, and voilà! You have your own instant rice wafers. It's a pretty delicate operation, though, so you've gotta be patient and careful. As for the filling, I started out by trimming and deveining some monkfish liver, then I salted it to remove its fishiness. Next, I whipped up a broth of bonito stock seasoned with soy sauce, sake and sugar and then simmered the liver. I pressed it through a strainer until it was a nice, smooth paste and mixed in my handmade Shichimi red pepper blend. After that, all that was left was to stuff the rice wafer shells with it and serve!" Light, crispy wafers and thick, sticky monkfish-liver paste! Those two and the mountain yam he mixed in with them make for marvelously contrasting textures! And their flavors! The sharp spiciness spreads its addicting tingle through my entire mouth! He struck the perfect balance between the savory umami of the bonito stock and the salty soy sauce too... Which makes the tangy spiciness of his red pepper blend stand out all the more!

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

There were years when I went to the movies almost every day, sometimes even twice a day, and they were the years between 1936 and the war, around the time of my adolescence. Those were years in which cinema was my world. It’s been said many times before that cinema is a form of escape, it’s a stock phrase intended to be a condemnation, and cinema certainly served that purpose for me back then. It satisfied a need for disorientation, for shifting my attention to another place, and I believe it’s a need that corresponds to a primary function of integration in the world, an essential phase in any kind of development. Of course there are other more substantial and personal ways of creating a different space for yourself: cinema was the easiest method and it was within reach, but it was also the one that instantly carried me farthest away. I went to the cinema in the afternoon, secretly fleeing from home, or using study with a classmate as an excuse, because my parents left me very little freedom during the months when school was in session. The urge to hide inside the cinema as soon as it opened at two in the afternoon was the proof of true passion. Attending the first screening had a number of advantages: the half-empty theater, it was like I had it all to myself, would allow me to stretch out in the middle of the third row with my legs on the back of the seat in front of me; the hope of returning home without anyone finding out about my escape, in order to receive permission to go out once again later on (and maybe see another film); a light daze for the rest of the afternoon, detrimental to studying but advantageous for daydreaming. And in addition to these explanations that were unmentionable for various reasons, there was another more serious one: entering right when it opened guaranteed the rare privilege of seeing the movie from the beginning and not from a random moment toward the middle or the end, because that was what usually happened when I got to the cinema later in the afternoon or toward the evening.

There was an artist in the city of Kouroo who was disposed to strive after perfection. One day it came into his mind to make a staff. Having considered that in an imperfect work time is an ingredient, but into a perfect work time does not enter, he said to himself, It shall be perfect in all respects, though I should do nothing else in my life. He proceeded instantly to the forest for wood, being resolved that it should not be made of unsuitable material; and as he searched for and rejected stick after stick, his friends gradually deserted him, for they grew old in their works and died, but he grew not older by a moment. His singleness of purpose and resolution, and his elevated piety, endowed him, without his knowledge, with perennial youth. As he made no compromise with Time, Time kept out of his way, and only sighed at a distance because he could not overcome him. Before he had found a stock in all respects suitable the city of Kouroo was a hoary ruin, and he sat on one of its mounds to peel the stick. Before he had given it the proper shape the dynasty of the Candahars was at an end, and with the point of the stick he wrote the name of the last of that race in the sand, and then resumed his work. By the time he had smoothed and polished the staff Kalpa was no longer the pole-star; and ere he had put on the ferule and the head adorned with precious stones, Brahma had awoke and slumbered many times. But why do I stay to mention these things? When the finishing stroke was put to his work, it suddenly expanded before the eyes of the astonished artist into the fairest of all the creations of Brahma. He had made a new system in making a staff, a world with full and fair proportions; in which, though the old cities and dynasties had passed away, fairer and more glorious ones had taken their places. And now he saw by the heap of shavings still fresh at his feet, that, for him and his work, the former lapse of time had been an illusion, and that no more time had elapsed than is required for a single scintillation from the brain of Brahma to fall on and inflame the tinder of a mortal brain. The material was pure, and his art was pure; how could the result be other than wonderful?

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.

If Jim was back at the imaginary dinner party, trying to explain what he did for a living, he'd have tried to keep it simple: clearing involved everything that took place between the moment someone started at trade — buying or selling a stock, for instance — and the moment that trade was settled — meaning the stock had officially and legally changed hands. Most people who used online brokerages thought of that transaction as happening instantly; you wanted 10 shares of GME, you hit a button and bought 10 shares of GME, and suddenly 10 shares of GME were in your account. But that's not actually what happened. You hit the Buy button, and Robinhood might find you your shares immediately and put them into your account; but the actual trade took two days to complete, known, for that reason, in financial parlance as 'T+2 clearing.' By this point in the dinner conversation, Jim would have fully expected the other diners' eyes to glaze over; but he would only be just beginning. Once the trade was initiated — once you hit that Buy button on your phone — it was Jim's job to handle everything that happened in that in-between world. First, he had to facilitate finding the opposite partner for the trade — which was where payment for order flow came in, as Robinhood bundled its trades and 'sold' them to a market maker like Citadel. And next, it was the clearing brokerage's job to make sure that transaction was safe and secure. In practice, the way this worked was by 10:00 a.m. each market day, Robinhood had to insure its trade, by making a cash deposit to a federally regulated clearinghouse — something called the Depository Trust & Clearing Corporation, or DTCC. That deposit was based on the volume, type, risk profile, and value of the equities being traded. The riskier the equities — the more likely something might go wrong between the buy and the sell — the higher that deposit might be. Of course, most all of this took place via computers — in 2021, and especially at a place like Robinhood, it was an almost entirely automated system; when customers bought and sold stocks, Jim's computers gave him a recommendation of the sort of deposits he could expect to need to make based on the requirements set down by the SEC and the banking regulators — all simple and tidy, and at the push of a button.

The captain flinched as the harpoon shot out of the gun. At less than ten feet away, it should have easily pierced his skull, but out of all the poorly maintained equipment on the Levyathan, the harpoon gun Cormac had seized was quite possibly the shoddiest. The shaft was bent and the tension was set far too high. As the stock of the gun splintered into a dozen pieces, the harpoon shot out at nearly a ninety-degree angle. It sailed over the side of the ship where it struck the breaching whale directly in the blowhole, killing it instantly.

The dark came down on All Hallows’ Eve. We went to sleep to the sound of howling wind and pelting rain, and woke on the Feast of All Saints to whiteness and large soft flakes falling down and down in absolute silence. There is no more perfect stillness than the solitude in the heart of a snowstorm. This is the thin time, when the beloved dead draw near. The world turns inward, and the chilling air grows thick with dreams and mystery. The sky goes from a sharp clear cold where a million stars burn bright and close, to the gray-pink cloud that enfolds the earth with the promise of snow. I took one of Bree’s matches from its box and lit it, thrilling to the tiny leap of instant flame, and bent to put it to the kindling. Snow was falling, and winter had come; the season of fire. Candles and hearth fire, that lovely, leaping paradox, that destruction contained but never tamed, held at a safe distance to warm and enchant, but always, still, with that small sense of danger. The smell of roasting pumpkins was thick and sweet in the air. Having ruled the night with fire, the jack-o’-lanterns went now to a more peaceful fate as pies and compost, to join the gentle rest of the earth before renewal. I had turned the earth in my garden the day before, planting the winter seeds to sleep and swell, to dream their buried birth. Now is the time when we reenter the womb of the world, dreaming the dreams of snow and silence. Waking to the shock of frozen lakes under waning moonlight and the cold sun burning low and blue in the branches of the ice-cased trees, returning from our brief and necessary labors to food and story, to the warmth of firelight in the dark. Around a fire, in the dark, all truths can be told, and heard, in safety. I pulled on my woolen stockings, thick petticoats, my warmest shawl, and went down to poke up the kitchen fire. I stood watching wisps of steam rise from the fragrant cauldron, and felt myself turn inward. The world could go away, and we would heal.

eed a gift box? Cover shoe boxes with wrapping paper. Fill them with stationery, a glue stick, small scissors, paper clips, marking pens, memo pads, and thank you notes. You can even add stamps. Any mom, dad, grandparent, or teacher would love such a gift. y motto is "Always be ready for a party." When party supplies go on sale, I stock up. Colored plates, napkins, streamers, little gifts, even party hats. And here's a tip. When you buy candles to use later, store them in your freezer. It helps them burn longer and cleaner. Keep a roll of cookie dough in your freezer, some scone mix in the pantry, and some of those great instant coffees so you'll be ready at any party opportunity. There's nothing like a spontaneous celebration to warm hearts. When you're ready, a party can happen in just a few minutes. You'll be creating memories you and your family and friends will cherish forever.

The reason for what a certain stock does today may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now - not tomorrow! The reason can wait. But you must act instantly or be left.

Michael also hadn’t realized just how extensive Gregory’s power was, he had his fingers in everything: from oil production to technology to government legislation to dealing with rogue states and terrorists to control over stock markets and currencies. If Gregory had wanted to, he could’ve brought the world to its knees in less than a day, but that wouldn’t do anyone any good if the world economy and various governments failed in an instant, it had to do be done gradually. Michael also realized how long it would take to dilute the influence of the United States and its Christian citizens, but he would do it, and it helped him that he started so early in college with the new technologies available to him.

We suffer from the same rose-tinted myopia that Zedekiah did. On a societal level, we think the problem with our world is essentially political. If we were just able to kick the present set of bums out of office and elect people who agree with us, the world would instantly be a better place. So we pour our time and energy into political campaigns and boycotts and other efforts to bring about change through political means. On a personal level, we think the solution is to pour our time into gathering the information necessary for wise decision-making. We read the consumer reports before we purchase a new car. We do our homework before we invest money in a particular stock, to ensure, as far as possible, that we will get a good rate of return for our money. We plan our careers years in advance, trying to make sure that we are in the right place at the right time to reach the very top. We try to make wise provision for our retirement years so that we will not be in want.

Exactly!” you shot back, finishing your last pattern. “The stock really is a screaming buy down here!” Then you pause for a brief instant and switch to your mystery and intrigue tonality, and you say, “Now, Bill, let me ask you another question.” And now you switch to your money-aside tonality. “If I’d been your broker for the last three or four years, making you money on a consistent basis”—and now you switch to your implied obviousness—“then you probably wouldn’t be saying, ‘Let me think about it right now, [your first name].’ You’d be saying, ‘Pick me up a block of at least a few thousand shares.’” And then you switch to the reasonable man tone and you add, “Am I right?

One advantage of real estate investing is that it is less risky than other forms of investing. But like the stock market, fix-it-and-flip-it “strategies” are subject to many economic forces that can change in an instant, making fixing and flipping a volatile investment strategy.

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.

Video stores invented a new kind of independent director that became so pervasive it instantly became a caricature: the fiscally insolvent, vociferously unglamorous dude (and it was always a dude) who used his video store experience to build an encyclopedic, unorthodox, pretentious cinematic worldview. The 1995 coming-of-age comedy Kicking and Screaming includes a minor character who manages a video store while preparing to direct his own feature film, yet plans to continue working in the video store after his movie is released so that he can properly stock it on the shelves.

The web began to seem a vast, silent stock exchange trading in ever more anonymous and hostile pen pals. The web was a neighborhood more efficiently lonely than the one it replaced. Its solitude was bigger and fasters. When relentless intelligence finally completed its program, when the terminal drop box brought the last barefoot, abused child on line and everyone could at last say anything instantly to everyone else in existence, it seemed to me we'd still have nothing to say to each other and many more ways not to say it. Yet I could not log off.

In 1948, the year when the Land camera appeared in late November, Polaroid took in $1.48 million. A decade later, it had grown to $89 million in sales; ten years after that, in 1969, it was nearing half a billion. Even as the press kept saying “the stock is overvalued,” it kept going up. After rising almost nonstop through the fifties, it split 4-for-1 in 1964, and split again in 1968. It became a glamour purchase, and even against the advice of some of their brokers, people kept buying shares.

Tapas is any practice that pushes the mind against its own limits, and the key ingredient of tapas is endurance. Thus in the archaic Rig-Veda (10.136), the long-haired ascetic or keshin is said to “endure” the world, to “endure” fire, and to “endure” poison.1 The keshin is a type of renouncer, a proto-yogin, who is a “wind-girt” (naked?) companion of the wild God Rudra (Howler). He is said to “ascend” the wind in a God-intoxicated state and to fly through space, looking down upon all things. But the name keshin harbors a deeper meaning, for it also can refer to the Sun whose “long hair” is made up of the countless rays that emanate from the solar orb and reach far into the cosmos and bestow life on Earth. This is again a reminder that the archaic Yoga of the Vedas revolves around the Solar Spirit, who selflessly feeds all beings with his/her/its compassionate warmth. The early name for the yogin is tapasvin, the practitioner of tapas or voluntary self-challenge. The tapasvin lives always at the edge. He deliberately challenges his body and mind, applying formidable will power to whatever practice he vows to undertake. He may choose to stand stock-still under India’s hot sun for hours on end, surrounded by a wall of heat from four fires lit close by. Or he may resolve to sit naked in solitary meditation on a windswept mountain peak in below-zero temperatures. Or he may opt to incessantly chant a divine name, forfeiting sleep for a specified number of days. The possibilities for tapas are endless. Tapas begins with temporarily or permanently denying ourselves a particular desire—having a satisfying cup of coffee, piece of chocolate, or casual sex. Instead of instant gratification, we choose postponement. Then, gradually, postponement can be stepped up to become complete renunciation of a desire. This kind of challenge to our habit patterns causes a certain degree of frustration in us. We begin to “stew in our own juices,” and this generates psychic energy that can be used to power the process of self-transformation. As we become increasingly able to gain control over our impulses, we experience the delight behind creative self-frustration. We see that we are growing and that self-denial need not necessarily be negative.

Tapas is any practice that pushes the mind against its own limits, and the key ingredient of tapas is endurance. Thus in the archaic Rig-Veda (10.136), the long-haired ascetic or keshin is said to “endure” the world, to “endure” fire, and to “endure” poison.1 The keshin is a type of renouncer, a proto-yogin, who is a “wind-girt” (naked?) companion of the wild God Rudra (Howler). He is said to “ascend” the wind in a God-intoxicated state and to fly through space, looking down upon all things. But the name keshin harbors a deeper meaning, for it also can refer to the Sun whose “long hair” is made up of the countless rays that emanate from the solar orb and reach far into the cosmos and bestow life on Earth. This is again a reminder that the archaic Yoga of the Vedas revolves around the Solar Spirit, who selflessly feeds all beings with his/her/its compassionate warmth. The early name for the yogin is tapasvin, the practitioner of tapas or voluntary self-challenge. The tapasvin lives always at the edge. He deliberately challenges his body and mind, applying formidable will power to whatever practice he vows to undertake. He may choose to stand stock-still under India’s hot sun for hours on end, surrounded by a wall of heat from four fires lit close by. Or he may resolve to sit naked in solitary meditation on a windswept mountain peak in below-zero temperatures. Or he may opt to incessantly chant a divine name, forfeiting sleep for a specified number of days. The possibilities for tapas are endless. Tapas begins with temporarily or permanently denying ourselves a particular desire—having a satisfying cup of coffee, piece of chocolate, or casual sex. Instead of instant gratification, we choose postponement. Then, gradually, postponement can be stepped up to become complete renunciation of a desire. This kind of challenge to our habit patterns causes a certain degree of frustration in us. We begin to “stew in our own juices,” and this generates psychic energy that can be used to power the process of self-transformation. As we become increasingly able to gain control over our impulses, we experience the delight behind creative self-frustration. We see that we are growing and that self-denial need not necessarily be negative. The Bhagavad-Gītā (17.14–16) speaks of three kinds of austerity or tapas: Austerity of body, speech, and mind. Austerity of the body includes purity, rectitude, chastity, nonharming, and making offerings to higher beings, sages, brahmins (the custodians of the spiritual legacy of India), and honored teachers. Austerity of speech encompasses speaking kind, truthful, and beneficial words that give no offense, as well as the regular practice of recitation (svādhyāya) of the sacred lore. Austerity of the mind consists of serenity, gentleness, silence, self-restraint, and pure emotions.

Chestnuts have always been an ingredient that goes well with gamy meats. And in French cuisine, chestnuts are often seen in combination with venison. But the mildly sweet flavor and tender texture of these sweet chestnuts makes them melt in the mouth! That flavor combined with the smoky aroma of the charcoal grilling, makes the juicy meatiness of the venison stand out in stark contrast! This flavor isn't something that could be created with regular chestnuts. It's a deliciousness made possible precisely because he chose to use sweet chestnuts! "He minced some of them and added them to the sauce as well! Doing that spread their mild sweetness throughout the whole dish!" Soma's Chestnut Sauce Starting with a base of Fond de Veau (a brown stock usually made with veal), he added a cinnamon stick, orange zest and minced sweet chestnuts and then set the sauce to simmer. "Wait a minute. How odd! Charcoal grilling usually adds a unique and very distinctly bitter taste to ingredients. A taste that is decidedly outside the canon of French flavors! Yet this dish has taken that bitter taste and somehow made it fit seamlessly! Is there some secret to it?!" "That would be the coffee." "What?!" "Coffee?" "Yep! You guessed it! That's the Divine Tongue for you. One of the things I learned at Master Shinomiya's restaurant is that cacao goes really well with game meats. I've never used cacao much, though, to be honest... So instead I grabbed some instant coffee! The bitterness of coffee is similar enough to pure cacao that it paired up nicely with both the charcoal grilling and the gamy venison... ... resulting in a deeply rich and astringent flavor that's perfect for a truly French sauce. I added both coffee and chestnuts as secret ingredients to my sauce! This is a Yukihira Original and a brand-new French dish. I call it... ... Charcoal-Grilled Venison Thigh with Chestnut Sauce." In formal Japanese cooking bowl dishes, such as soups and rice bowls, are constructed from four elements: the main ingredient, the supporting ingredients, the stock and the accents. Similarly, the French dishes are constructed from three different parts balanced in harmony: the main ingredient, the sauce and the garnishes. But this dish... this is eccentric and novel and entirely unconventional while still remaining undeniably French! It's almost as if it's a nugget of flavor found only by cracking and peeling away the shell of common sense...

train me, nice as could be other than acting like she’s my mom, all honey-this and honey-that and “You think you can remember all that, sweetie?” Just three or four years out of high school herself. But she did have three kids, so probably she’d wiped so many asses she got stuck that way. I didn’t hold it against her. Coach Briggs’s brother stayed upstairs in the office. Heart attack guy was a mystery. First they said he might come back by the end of summer. Then they all stopped talking about him. As far as customers, every kind of person came in. Older guys would want to chew the fat outside in the dock after I loaded their grain bags or headgates or what have you. I handled all the larger items. They complained about the weather or tobacco prices, but oftentimes somebody would recognize me and want to talk football. What was my opinion on our being a passing versus running team, etc. So that was amazing. Being known. It was the voice that hit my ear like a bell, the day he came in. I knew it instantly. And that laugh. It always made you wish that whoever made him laugh like that, it had been you. I was stocking inventory in the home goods aisle, and moved around the end to where I could see across the store. Over by the medications and vaccines that were kept in a refrigerator case, he was standing with his back to me, but that wild head of hair was the giveaway. And the lit-up face of Donnamarie, flirting so hard her bangs were standing on end. She was opening a case for him. Some of the pricier items were kept under lock and key. I debated whether to go over, but heard him say he needed fifty pounds of Hi-Mag mineral and a hundred pounds of pelleted beef feed, so I knew I would see him outside. I signaled to Donnamarie that I’d heard, and threw it all on the dolly to wheel out to the loading dock. He pulled his truck around but didn’t really see me. Just leaned his elbow out the open window and handed me the register ticket. He’d kept the Lariat of course, because who wouldn’t. “You’ve still got the Fastmobile, I see,” I said. He froze in the middle of lighting a smoke, shifted his eyes at me, and shook his head fast, like a splash of cold water had hit him. “I’ll be goddamned. Diamond?” “The one,” I said. “How you been hanging, Fast Man?” “Cannot complain,” he said. But it seemed like he wasn’t a hundred percent on it really being me loading his pickup. He watched me in the side mirror. The truck bounced a little each time I hefted a mineral block or bag into the bed. Awesome leaf springs on that beauty. I came around to give him back his ticket, and he seemed more sure.

NOT SO LONG AGO, when I was in school, research required a trip to a library stocked with bundles of printed paper—an inconvenient undertaking when the nearest good library was miles away. Today, affordable machines can deliver the content of a library’s journals to your lap in an instant—and behind this modern wonder we again find silicon chips with digital devices.

J.A. Baker (1926-1987) is now widely acknowledged as one of the most important British writers on nature in the twentieth century. When his first book, The Peregrine, appeared in 1967 with all the unexpected power and vertiginous daring of its eponymous bird, it was instantly recognised as a masterpiece. Today it is viewed by many as the gold standard for all nature writing and, in many ways, it transcends even this species of praise. A case could easily be made for its greatness by the standards of any literary genre. It has been thirty years since his untimely death in 1987, aged just 61, and more than four decades since the publication of his last and only other work, The Hill of Summer (1969). For much of the intervening period, neither of the books has been in print. Yet, if anything, Baker’s stock stands higher today than at any time.

Purina’s exposure to the hog business was not limited at all. The volatile markets exposed that fact. In 1998, the US hog market experienced a shock comparable to the stock market crash of 1929—a market convulsion that obliterated all the rules everyone thought applied to the business. The root of the problem could be traced to the very industrialization that created Purina Mills’ feed business in the first place. Now that hogs were raised on factory farms, the supply of animals was enormous and inflexible. Farmers were raising herds of tens or even hundreds of thousands of pigs. When prices started to fall, these industrial farms couldn’t adapt quickly. They had mortgage payments to meet on the big pig houses, and they needed to keep production high. Factory farms were a machine that wasn’t easily turned off. The flow of pigs continued into the slaughterhouses, and prices fell even further. Then everything spun out of control. Hog prices plummeted, sucking the entire business into the ground almost instantly. The price of hogs fell from about 53 cents per pound to 10 cents per pound in a matter of months. When adjusted for inflation, this was the lowest price for pigs in US history. It cost far more to raise a pig than the animal was worth. Purina Mills should have been insulated against this crisis. It only sold feed, not the hogs themselves. But with its decision in 1997 to start buying baby hogs, Purina had exposed itself to the risk of falling pork prices. Dean Watson began to discover just how large that exposure was. As one farm economist put it at the time, the rational number of hogs to own in 1998 was zero. Purina discovered this fact quickly. It bought baby hogs, and turned around to sell them to the farmers. But there were no buyers. The farmers refused to take them. “The people who we were supposed to be selling the pigs to were basically saying: ‘Sue me.’ The people we had bought the pigs from were saying: ‘You’re not getting out of my contract or I am suing you,’ ” Watson said. “All of this ownership risk that I was assured didn’t exist started to just come out of the woodwork.

Back then, Ron Howell’s job might have seemed easy enough: he sold the gasoline and other fuels that Koch Industries produced at its refineries. As the senior vice president of supply and trading at Koch, Howell made sure that Koch’s fuel went straight from the refineries to the highest-paying customer. Gasoline was the kind of product that seemed to sell itself—there was always demand for fuel. People at Koch referred to Howell’s job as the “dispossession of molecules,” meaning that he simply had to find a home for the various fuels that Koch produced. This seemed straightforward. But Howell’s job was the kind of job that produced insomnia and ulcers. It forced him to retire when he was in his thirties before the job killed him. When he talked about oil trading, even decades later, Howell often used words like whippin’ and savage. The savagery of Howell’s average workday began when he walked into the office in Houston every morning and picked up the phone to sell the first barrel of gasoline or diesel fuel. The stomach acids started to boil the instant Howell tried to establish what might seem like a basic, simple fact: the price of oil that day. Determining the price of oil at any given minute was an arcane art practiced by a network of traders around the world. They spent their days on the phone with one another, arguing, cajoling, bluffing, and bullying. The fact is that nobody really knew the price of a barrel of oil, or gasoline, or diesel fuel. Everybody had to guess, and the person who could guess with the most precision walked away with profits that were almost limitless. The person who guessed wrong faced instant, brutal downsides in the market. There was a common misperception that the price of oil floats up and down on a global market. Every day, business commentators and journalists talked about the “price of oil” as if it were like the price of General Electric stock—a price that was determined by millions of buyers and sellers who traded on large, open exchanges. In fact, there was no global market for oil. Oil was bought and sold inside a constellation of thousands of tiny nodes where transactions and prices were totally hidden to outsiders.

Celera had achieved nothing short of a scientific miracle. So why did the stock crash? The likeliest explanation is simply that the fires of anticipation are so easily quenched by the cold water of reality. Once the good news that investors have awaited for so long is out, the thrill is gone. The resulting emotional vacuum almost instantly fills up with a painful awareness that the future will not be nearly as exciting as the past. (As Yogi Berra famously said, “The future ain’t what it used to be.”) Getting exactly what they wished for leaves investors with nothing to look forward to, so they get out and the stock crashes.

Caleb’s expression was thunderous. “Where the hell have you been?” he growled, his arms folded across his chest. “I stayed the night in a boarding house,” Lily answered as she climbed down from the surrey. “Did you and Winola and Rupert have a nice dinner together?” He glared at her. “Get in that house!” “And do what?” Lily retorted. “Write ‘I will not disobey my husband’ a thousand times?” “Move!” Caleb roared. Lily’s aplomb fled in an instant, and she dashed toward the door of the cabin. “I’ll thank you to remember that I’m in the family way,” she was quick to say. She was recalling that other time, when Caleb would have paddled her if Velvet hadn’t happened along just in time to prevent it. Inside the cabin Caleb set Lily in a chair and proceeded to deliver a lecture that was, in many ways, worse than a spanking. He shouted, he listed the perils of traveling alone, he swore by all that was holy that if Lily ever did such a stupid thing again he’d wring her neck. Lily’s eyes were wide by the time he began to wind down, and when he sent her to the bedroom she went. When Caleb came to her it was from a different direction than expected. A terrible racket arose on the other side of the bedroom wall, and Lily watched in horrified amazement as an ax bit through the new wood. Furiously Caleb shaped a rude door. “Now,” he said, tossing the ax behind him, “it’s all one house. Welcome to our bedroom, Mrs. Halliday.” Lily was convinced she’d married a madman. “You stay away from me,” she said, scooting backwards on the bed. She didn’t move fast enough. Caleb caught hold of one of her legs, lifted it high, and began untying her shoelace. “There isn’t a chance in hell of that, sodbuster,” he said, and then he began rolling Lily’s stocking down. She trembled as his hand caressed her inner thigh for the briefest moment. “Not a chance in hell.” Only when the lovemaking was over and Caleb had risen from the bed did Lily’s pride come back into its own. The moment he stepped through the hacked-out opening into his side of the house she moved the bureau in front of the opening. “You stay on your side,” she said when she saw him through the opening above the chest of drawers, “and I’ll keep to mine.” As usual, Caleb had expected his romantic attentions to make everything all right between them. “Damn it, Lily,” he growled, bracing his hands on the bureau top and leaning forward ominously, “we’re married!” “As far as I’m concerned, we can just forget that unfortunate fact.” “That’s fine with me,” Caleb snapped. And then he turned and stormed away. Lily

Lucas?” The bewilderment in her gaze when he lifted away from her tore at his heart. “Boots off, Evie. I have an idea. Trust me.” Three complete sentences, one declarative, two imperative. Quite an accomplishment when a man’s cock was rioting in his breeches. He tugged her up by one arm and knelt to pull off her boots. While she sat there looking puzzled and a trifle disgruntled, he untied her stock and eased her jacket from her shoulders, then started unbuttoning her shirt. “Will I like this idea?” “You will like it.” “Does it involve my undressing you as well?” He sat back on his heels, proud of her. “It can.” And then a cloud passed before the sun in her gaze. “Lucas, there must be a limit—” Ah, common sense was nipping at her heels too. He put one finger on her lips. “There must. Trust me to see to it. I promise you’re safe with me, Eve.” She didn’t hesitate for even an instant. She reached out and started unknotting his cravat. Before Deene could take three steadying breaths, his shirt was open and Eve was drawing a single, incendiary finger down the length of his sternum. “Back to my idea, Eve…” Her lips quirked up. “I liked it better when you were kissing me, not just spouting ideas.” Eve,

There are many ways to earn the love of employees. Hamdi Ulukaya, founder of multi-billion dollar yogurt maker Chobani, made headlines when he awarded his two thousand full-time employees stock worth up to 10 percent of the company’s value when it goes public or is sold. Ulukaya said in a letter to staff, “This isn’t a gift. It’s a mutual promise to work together with a shared purpose and responsibility. To continue to create something special and of lasting value.”3 Apart from making instant global news, the stock award was also a shrewd business move. Research from The University of Pennsylvania shows that employee-owned companies — even ones in which employees are minority owners — outperform their competitors.4 It is true that Ulukaya now has a slightly smaller stake in Chobani. But it is likely worth a lot more, especially when you consider this research and how employee owners are incentivized to work harder toward the success of the business.

There was an artist in the city of Kouroo who was disposed to strive after perfection. One day it came into his mind to make a staff. Having considered that in an imperfect work time is an ingredient, but into a perfect work time does not enter, he said to himself, It shall be perfect in all respects, though I should do nothing else in my life. He proceeded instantly to the forest for wood, being resolved that it should not be made of unsuitable material; and as he searched for and rejected stick after stick, his friends gradually deserted him, for they grew old in their works and died, but he grew not older by a moment. His singleness of purpose and resolution, and his elevated piety, endowed him, without his knowledge, with perennial youth. As he made no compromise with Time, Time kept out of his way, and only sighed at a distance because he could not overcome him. Before he had found a stock in all respects suitable the city of Kouroo was a hoary ruin, and he sat on one of its mounds to peel the stick. Before he had given it the proper shape the dynasty of the Candahars was at an end, and with the point of the stick he wrote the name of the last of that race in the sand, and then resumed his work. By the time he had smoothed and polished the staff Kalpa was no longer the pole-star; and ere he had put on the ferrule and the head adorned with precious stones, Brahma had awoke and slumbered many times. But why do I stay to mention these things? When the finishing stroke was put to his work, it suddenly expanded before the eyes of the astonished artist into the fairest of all the creations of Brahma. He had made a new system in making a staff, a world with fun and fair proportions; in which, though the old cities and dynasties had passed away, fairer and more glorious ones had taken their places. And now he saw by the heap of shavings still fresh at his feet, that, for him and his work, the former lapse of time had been an illusion, and that no more time had elapsed than is required for a single scintillation from the brain of Brahma to fall on and inflame the tinder of a mortal brain. The material was pure, and his art was pure; how could the result be other than wonderful?

Given the social conditions that prevailed during his lifetime, Adam Smith was prescient in his judgment. Experience tells us that small markets do produce their own constraint and rational order, founded as they are on an interlocking system of self-interested exchange. However, Smith lived before the invention of the megacorporation, before instant communication with a global reach, and before the double cheeseburger and stock options. In America, living with such an abundance of choice, we have discovered some disturbing facts about human behavior—facts that from knowledge of modern neurobiology are predictable and that confirm Smith’s worst fears.

Are you going to put your feet in?” he asked. She shook her head. “I don’t think so. It would be foolish. Besides that, I’m already breaking too many rules by sitting here alone with you. Though if anyone finds me, I shall claim that I was abducted by a pirate.” “And then you would be forced to wed me to save your reputation,” he suggested. “Which is not so very dreadful.” “I disagree,” she countered. “You, Lord Ashton, are a very wicked man with no sense of propriety.” But her eyes revealed her amusement. “If I worried about what others think, I would not be sitting with a beautiful woman on a sunny day, now, would I?” He leaned back with his arms crooked behind his head. He had the feeling that Lady Rose had a rebellious side to her, buried beneath her years of good manners. She shook her head and sighed. Then she lifted up one foot and began unbuttoning her shoe. “I must be mad.” A rebel indeed. He grinned and helped her with the other shoe, until she was clad in stockings. “No more than I. But it was an invigorating swim.” “You ought to put your shirt on,” she reminded him. “Someone will see you and think you are intent on seducing me.” “You did accuse me of being a pirate, a chara.” He kept his voice light, but leaned a little closer. “We aren’t known for being gentlemen.” In response, Rose dipped her hand into the water and splashed it at his chest. “Then I’ll be forced to defend myself from you.” The frigid water spilled down his bare chest, dampening his waistband. Iain rested his arms on either side of her, trapping her against the rock. “Now that wasn’t fair, Lady Rose.” Her smile faded instantly. “I was teasing, Lord Ashton.” “Were you?” He was feeling rather bold at the moment. He drank in the sight of her—those wide brown eyes, the delicate nose and sweet lips. Her hair was hidden beneath the bonnet, and he took it off, setting it aside. “You don’t need this.” “My face will be covered in freckles if I don’t wear it.” But she didn’t appear to mind his interference. And instead of shoving him aside, she was watching him with interest. Sunlight gleamed across her brown hair, revealing the hints of auburn. He leaned in, resting his forehead against hers. Her eyes widened, but she remained fixed upon his face. “Did Burkham ever kiss you?” “Of course.” Her voice held a hint of panic, but she didn’t pull away. He was caught up in the beauty of her. Her breath warmed his mouth, and for a moment, he remained near to her. She was forbidden to him, and he would not intrude where he wasn’t wanted. And yet, every part of him was entranced by her. “Tell me to leave you alone,” he said in a low voice. But she remained silent. Her hand moved up to touch the roughness of his face, and it only deepened the intimacy. She trailed her fingers upon his jaw, and the simple touch undid him. Iain bent and brushed his mouth against hers. It was the barest hint of a kiss, the promise of more if she wanted it. He pulled back immediately, searching her expression. He never wanted her to feel threatened by him. “Tell me if you’re wanting me to stop.” He leaned in again, nipping at her lips a second time. He waited for a long moment, giving her more than enough time to refuse. She could tell him no at any moment, and he would pull back. Instead, her eyes were wild, as if she didn’t know what to say or do. She tasted of summer, a softness and warmth like sunlight. Her eyes were caught up with his, her expression emboldened by a taste of the forbidden. Iain bent and claimed her mouth deeply, framing her face with both hands. He didn’t stop kissing her, learning the shape of her mouth and drawing her even closer.

He was so perplexed that, in spite of everything surrounding him, he stood several times stock still in the middle of the pavement, completely possessed by the thought of his recent horrible humiliation; at that instant he was dying, disappearing; then he suddenly set off again like mad and ran and ran without looking back, as though he were pursued, as though he were fleeing from some still more awful calamity.

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!

In a sense, each one of us was facing forces that were far bigger than us, forces that we barely understood. My own business was going down after supermarket chains started coming up in the town. They sold most packaged items below MRP and was drawing my customers away. At first I thought it was a gimmick to attract people. And that the prices will increase again after a couple of months. But it didn’t. After six months, I started realizing how big these people really are. People still bought in my store, but only in small quantities. They made all their bulk weekly purchases in the supermarket, walking around their big alleys, pushing around the carts as in the english movies. I accepted, with much pain and nostalgia for the olden days where stock used to move without effort, that things have probably changed forever. Most of us did.

I’m going to use my good old suitcase metaphor one more time: A mutual fund is like a suitcase that holds dozens—and often hundreds—of individual stocks. If you like what is packed inside the suitcase, then you simply purchase shares of that mutual fund and, voilà, you are the proud owner of a small fraction of each one of the holdings in that suitcase. This gives you instant diversification, even though you bought just one mutual fund.

The adjective “efficient” in “efficient markets” refers to how investors use information. In an efficient market, every titbit of new information is processed correctly and immediately by investors. As a result, market prices react instantly and appropriately to any relevant news about the asset in question, whether it is a share of stock, a corporate bond, a derivative, or some other vehicle. As the saying goes, there are no $100 bills left on the proverbial sidewalk for latecomers to pick up, because asset prices move up or down immediately. To profit from news, you must be jackrabbit fast; otherwise, you’ll be too late. This is one rationale for the oft-cited aphorism “You can’t beat the market.” An even stronger form of efficiency holds that market prices do not react to irrelevant news. If this were so, prices would ignore will-o’-the-wisps, unfounded rumors, the madness of crowds, and other extraneous factors—focusing at every moment on the fundamentals. In that case, prices would never deviate from fundamental values; that is, market prices would always be “right.” Under that exaggerated form of market efficiency, which critics sometimes deride as “free-market fundamentalism,” there would never be asset-price bubbles. Almost no one takes the strong form of the efficient markets hypothesis (EMH) as the literal truth, just as no physicist accepts Newtonian mechanics as 100 percent accurate. But, to extend the analogy, Newtonian physics often provides excellent approximations of reality. Similarly, economists argue over how good an approximation the EMH is in particular applications. For example, the EMH fits data on widely traded stocks rather well. But thinly traded or poorly understood securities are another matter entirely. Case in point: Theoretical valuation models based on EMH-type reasoning were used by Wall Street financial engineers to devise and price all sorts of exotic derivatives. History records that some of these calculations proved wide of the mark.

Imagine, for instance, that someone passed a rule, in the U.S. stock market as it is currently configured, that required every stock market trade to be front-run by a firm called Scalpers Inc. Under this rule, each time you went to buy 1,000 shares of Microsoft, Scalpers Inc. would be informed, whereupon it would set off to buy 1,000 shares of Microsoft offered in the market and, without taking the risk of owning the stock for even an instant, sell it to you at a higher price. Scalpers Inc. is prohibited from taking the slightest market risk; when it buys, it has the seller firmly in hand; when it sells, it has the buyer in hand; and at the end of every trading day, it will have no position at all in the stock market. Scalpers Inc. trades for the sole purpose of interfering with trading that would have happened without it. In buying from every seller and selling to every buyer, it winds up: a) doubling the trades in the marketplace and b) being exactly 50 percent of that booming volume. It adds nothing to the market but at the same time might be mistaken for the central player in that market. This state of affairs, as it happens, resembles the United States stock market after the passage of Reg NMS. From 2006 to 2008, high-frequency traders’ share of total U.S. stock market trading doubled, from 26 percent to 52 percent—and it has never fallen below 50 percent since then. The total number of trades made in the stock market also spiked dramatically, from roughly 10 million per day in 2006 to just over 20 million per day in 2009.

That is how I first came to take an interest in the message of the tape. The fluctuations were from the first associated in my mind with upward or downward movements. Of course there is always a reason for fluctuations, but the tape does not concern itself with the why and wherefore. It doesn’t go into explanations. I didn’t ask the tape why when I was fourteen, and I don’t ask it to-day, at forty. The reason for what a certain stock does to-day may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now—not to-morrow. The reason can wait. But you must act instantly or be left.

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.

The old order types were simple and straightforward and mainly sensible. The new order types that accompanied the explosion of high-frequency trading were nothing like them, either in detail or spirit. When, in the summer of 2012, the Puzzle Masters gathered with Brad and Don and Ronan and Rob and Schwall in a room to think about them, there were maybe one hundred fifty different order types. What purpose did each serve? How might each be used? The New York Stock Exchange had created an order type that ensured that the trader who used it would trade only if the order on the other side of his was smaller than his own order; the purpose seemed to be to prevent a high-frequency trader from buying a small number of shares from an investor who was about to crush the market with a huge sale. Direct Edge created an order type that, for even more complicated reasons, allowed the high-frequency trading firm to withdraw 50 percent of its order the instant someone tried to act on it. All of the exchanges offered something called a Post-Only order. A Post-Only order to buy 100 shares of Procter & Gamble at $80 a share says, “I want to buy a hundred shares of Procter & Gamble at eighty dollars a share, but only if I am on the passive side of the trade, where I can collect a rebate from the exchange.” As if that weren’t squirrely enough, the Post-Only order type now had many even more dubious permutations. The Hide Not Slide order, for instance. With a Hide Not Slide order, a high-frequency trader—for who else could or would use such a thing?—would say, for example, “I want to buy a hundred shares of P&G at a limit of eighty dollars and three cents a share, Post-Only, Hide Not Slide.” One of the joys of the Puzzle Masters was their ability to figure out what on earth that meant. The descriptions of single order types filed with the SEC often went on for twenty pages, and were in themselves puzzles—written in a language barely resembling English and seemingly designed to bewilder anyone who dared to read them. “I considered myself a somewhat expert on market structure,” said Brad. “But I needed a Puzzle Master with me to fully understand what the fuck any of it means.” A Hide Not Slide order—it was just one of maybe fifty such problems the Puzzle Masters solved—worked as follows: The trader said he was willing to buy the shares at a price ($80.03) above the current offering price ($80.02), but only if he was on the passive side of the trade, where he would be paid a rebate. He did this not because he wanted to buy the shares. He did this in case an actual buyer of stock—a real investor, channeling capital to productive enterprise—came along and bought all the shares offered at $80.02. The high-frequency trader’s Hide Not Slide order then established him as first in line to purchase P&G shares if a subsequent investor came into the market to sell those shares. This was the case even if the investor who had bought the shares at $80.02 expressed further demand for them at the higher price. A Hide Not Slide order was a way for a high-frequency trader to cut in line, ahead of the people who’d created the line in the first place, and take the kickbacks paid to whoever happened to be at the front of the line.

It boasted a "large collection of used and rare books in excellent condition."  Its "knowledgeable staff" could advise instantly if a particular title was in stock.  Dotterling himself was available to "exhaust book acquisition resources worldwide" for clients seeking an especially rare volume.  Apparently Borderline Books was a place for people with too much money and nothing productive to do but pay exorbitantly for literary trophies. In

A pervasive aura of mouthwash, talcum powder and other virile perfumes hung about his immaculate person, their combined fragrance so delicately impersonal, yet functional, as to hint rather at the embalmer's stock in trade...Certainly as at first encounter with any richly upholstered, well-preserved man, one had the fancy -- instantly to suppress it, of course -- that although his might prove an uncommonly troublesome corpse to lay out, the worms were in for a treat.

The vestibular system tells us about up and down and whether we are upright or not. It tells us where our heads and bodies are in relation to the earth’s surface. It sends sensory messages about balance and movement from the neck, eyes, and body to the CNS for processing and then helps generate muscle tone so we can move smoothly and efficiently. This sense tells us whether we are moving or standing still, and whether objects are moving or motionless in relation to our body. It also informs us what direction we are going in, and how fast we are going. This is extremely useful information should we need to make a fast getaway! Indeed, the fundamental functions of fight, flight, and foraging for food depend on accurate information from the vestibular system. Dr. Ayres writes that the “system has basic survival value at one of the most primitive levels, and such significance is reflected in its role in sensory integration.” The receptors for vestibular sensations are hair cells in the inner ear, which is like a “vestibule” for sensory messages to pass through. The inner-ear receptors work something like a carpenter’s level. They register every movement we make and every change in head position—even the most subtle. Some inner-ear structures receive information about where our head and body are in space when we are motionless, or move slowly, or tilt our head in any linear direction—forward, backward, or to the side. As an example of how this works, stand up in an ordinary biped, or two-footed, position. Now, close your eyes and tip your head way to the right. With your eyes closed, resume your upright posture. Open your eyes. Are you upright again, where you want to be? Your vestibular system did its job. Other structures in the inner ear receive information about the direction and speed of our head and body when we move rapidly in space, on the diagonal or in circles. Stand up and turn around in a circle or two. Do you feel a little dizzy? You should. Your vestibular system tells you instantly when you have had enough of this rotary stimulation. You will probably regain your balance in a moment. What stimulates these inner ear receptors? Gravity! According to Dr. Ayres, gravity is “the most constant and universal force in our lives.” It rules every move we make. Throughout evolution, we have been refining our responses to gravitational pull. Our ancient ancestors, the first fish, developed gravity receptors, on either side of their heads, for three purposes: 1) to keep upright, 2) to provide a sense of their own motions so they could move efficiently, and 3) to detect potentially threatening movements of other creatures through the vibrations of ripples in the water. Millions of years later, we still have gravity receptors to serve the same purposes—except now vibrations come through air rather than water.

A few miles north of Aberdeen is Balmedie, home to one of Donald Trump's Scottish golf courses. Even if you know nothing about golf you instantly know that the course is one of his, because like every other business he owns, he has his name plastered on it. I'm assuming that 'trump' isn't a euphemism for 'fart' in the USA. It's interesting to see the reaction of the Scottish people to the mendacious human Wotsit, even before he got his tiny fingers on the nuclear button. Michael Forbes, a farmer in Balmedie, won the “Top Scot” trophy at the Glenfiddich Spirit of Scotland Awards after refusing to sell his land to the pussy-grabbing billionaire. Trump had claimed that Forbes' farm was a slum and would spoil the view of his new hotel. Forbes replied that Trump could “take his money and shove it up his arse.” Trump said that for Scotland this whisky-company's accolade was a “terrible embarrassment”, national laughing-stocks being something of a speciality of his.

Of course there is always a reason for fluctuations, but the tape does not concern itself with the why and wherefore. It doesn't go into explanations. I didn't ask the tape why when I was fourteen, and I don't ask it to-day, at forty. The reason for what a certain stock does to-day may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now not tomorrow. The reason can wait. But you must act instantly or be left.

We can change flows quickly if we want, but stocks react more slowly to change. We can eat a piece of chocolate (inflow) and then go for a half-hour jog (outflow) to get rid of the extra calories. But our weight (stock) doesn’t instantly drop or rise. We can plant one hundred trees in a short period, but it will take decades for those trees to grow into a forest. Areas affected by droughts do not immediately see their reservoirs return to their normal water levels, nor are the negative impacts of global warming instantly reversed.

Why is that important? Because it means there will always be delays in responding. It says that a flow can’t react instantly to a flow. It can react only to a change in a stock, and only after a slight delay to register the incoming information.