“
We are afraid to put men to live and trade each on his own private stock of reason, because we suspect that this stock in each man is small, and that the individuals would do better to avail themselves of the general bank and capital of nations and of ages.
”
”
Edmund Burke (Reflections on the Revolution in France)
“
So-called Islamic 'fundamentalism' does not spring, in Pakistan, from the people. It is imposed on them from above. Autocratic regimes find it useful to espouse the rhetoric of faith, because people respect that language, are reluctant to oppose it. This how religions shore up dictators; by encircling them with words of power, words which the people are reluctant to see discredited, disenfranchised, mocked.
But the ramming-down-the-throat point stands. In the end you get sick of it, you lose faith in the faith, if not qua faith then certainly as basis for a state. And then the dictator falls, and it is discovered that he had brought God down with him, that the justifying myth of the nation has been unmade. This leaves only two options: disintegration, or a new dictatorship ... no, there is a third, and I shall not be o pessimistic as to deny its possibility. The third option is the substitution of a new myth for the old one. Here are three such myths, all available from stock at short notice: liberty; equality; fraternity.
I recommend them highly.
”
”
Salman Rushdie (Shame)
“
What if she doesn't worry about her body and eats enough for all the growing she has to do? She might rip her stockings and slam-dance on a forged ID to the Pogues, and walk home barefoot, holding her shoes, alone at dawn; she might baby-sit in a battered-women's shelter one night a month; she might skateboard down Lombard Street with its seven hairpin turns, or fall in love with her best friend and do something about it, or lose herself for hours gazing into test tubes with her hair a mess, or climb a promontory with the girls and get drunk at the top, or sit down when the Pledge of Allegiance says stand, or hop a freight train, or take lovers without telling her last name, or run away to sea. She might revel in all the freedoms that seem so trivial to those who could take them for granted; she might dream seriously the dreams that seem to obvious to those who grew up with them really available. Who knows what she would do? Who knows what it would feel like?
”
”
Naomi Wolf (The Beauty Myth)
“
I also hope to challenge financial thinkers to improve their theories by testing them against the impressive evidence that suggests that the price level is more than merely the sum of the available economic information, as is now generally thought to be the case.
”
”
Robert J. Shiller (Irrational Exuberance)
“
When the question is difficult and a skilled solution is not available, intuition still has a shot: an answer may come to mind quickly—but it is not an answer to the original question. The question that the executive faced (should I invest in Ford stock?) was difficult, but the answer to an easier and related question (do I like Ford cars?) came readily to his mind and determined his choice. This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
”
”
Daniel Kahneman (Thinking, Fast and Slow)
“
Some readers are bound to want to take the techniques we’ve introduced here and try them on the problem of forecasting the future price of securities on the stock market (or currency exchange rates, and so on). Markets have very different statistical characteristics than natural phenomena such as weather patterns. Trying to use machine learning to beat markets, when you only have access to publicly available data, is a difficult endeavor, and you’re likely to waste your time and resources with nothing to show for it.
Always remember that when it comes to markets, past performance is not a good predictor of future returns—looking in the rear-view mirror is a bad way to drive. Machine learning, on the other hand, is applicable to datasets where the past is a good predictor of the future.
”
”
François Chollet (Deep Learning with Python)
“
Since President Trump was elected, the economy has added three million jobs. In fact, today there are more jobs available than there are unemployed. That’s resulted in the lowest unemployment rate in seventeen years. The stock market has roared to new highs despite the Federal Reserve raising interest rates five times since Trump’s election.
”
”
Jeanine Pirro (Liars, Leakers, and Liberals: The Case Against the Anti-Trump Conspiracy)
“
A big, silent source, with a very limited number of specific items available, pre-stocked by the supplier, and she had to push just the right buttons to get anything out.
”
”
Mark Greaney (Back Blast (Gray Man, #5))
“
What would Belle do?
She would take stock of the situation and think of all the resources available to her and then make use of them in a logical and consistent manner.
”
”
Liz Braswell (As Old as Time)
“
Poetry's task is to increase the available stock of reality, R. P. Blackmur said.
”
”
Jane Hirshfield (Nine Gates: Entering the Mind of Poetry)
“
The tools and resources used in this book are FREE and readily available on the internet. Details on how to access these tools are shown.
”
”
Debabrata (David) Das (Make Money Trading Leading Stocks: A Beginner's Guide to Free Trading Tools, Technical Analysis, Money and Risk Management, Trading Log for profits in ... Stock Market, Trend and Momentum Trading))
“
And like blue eyes and whiteness, eventually I learned the Blue Eyes White Dragon was simply a construct too. A piece of flimsy card stock, its value ascribed by a mysterious higher power. I could go online and buy a million Blue Eyes White Dragon cards, and similarly, I could walk down the street of our suburb and see blue-eyed white girls everywhere, available a dime a dozen.
”
”
Jade Song (Chlorine)
“
Many historians, many sociologists and psychologists have written at lenght, and with deep concern, about the price that Western man has had to pay and will go on paying for technological progress. They point out, for example, that democracy can be hardly expected to flourish in societies where political and economic power is being progressively concentrated and centralized.But the progress of technology has led and is still leading to just such a concentration and centralisation of power.
As the machinery of mass production is made more efficient it tends to become more complex and more expensive - and so less available to the eterpriser of limited means. Moreover, mass production cannot work without mass distribution; but mass distribution raises problems which only the largest producers can satisfactorily solve. In a world of mass production and mass distribution the Little Man, with his inadequate stock of working capital, is at a grave disadvantage. In competition with Big Man, he loses his money and finally his very existence as an independent producer; the Big Man has grobbled him up. As the Little Men disappear, more and more economic power comes to be wielded by fewer and fewer people. Under a dictatorship the Big Business, made possible by advancing technology and the consequent ruin of Little Business, is controlled by the State - that is to say, by small group of party leaders and soldiers, policemen and civil servants who carry out their orders.
”
”
Aldous Huxley (Brave New World Revisited)
“
Alterations in real prices occur slowly as a rule. But this stability of prices has its cause in the stability of the price-determinants, not in the Law of Price-determination itself. Prices change slowly because the subjective valuations of human beings change slowly. Human needs, and human opinions as to the suitability of goods for satisfying those needs, are no more liable to frequent and sudden changes than are the stocks of goods available for consumption, or the manner of their social distribution;
”
”
Ludwig von Mises (The Theory of Money and Credit)
“
A year earlier, no company had been accorded more faith than Enron; by late November, none was trusted less. And so, a gasping gurgle, a desperate SOS: Enron, the emblem of free markets, the champion of deregulation, reached into its depleted treasury and forked over $100,000 to each of the major political parties' campaign war chests. Then, it shuttered its online trading unit - its erstwhile gem. On November 28, Standard & Poor's downgraded Enron to junk-bond level - which triggered provisions in Enron's debt requiring it to immediately repay billions of its obligations. This it could not do. Its stock was seventy cents and falling, and, now, no gatekeepers and no credit remained. Accordingly, in the first week of December, Enron, the archetype of shareholder value, availed itself of the time-honored protection for those who have lost their credit: bankruptcy.
”
”
Roger Lowenstein (Origins of the Crash: The Great Bubble and Its Undoing)
“
We select our marketable equity securities in much the same way we would evaluate a business for acquisition in its entirety. We want the business to be (1) one we can understand, (2) with favorable long-term prospects, (3) operated by honest and competent people, and (4) available at a very attractive price. We ordinarily make no attempt to buy equities for anticipated favorable stock price behavior in the short term. In fact, if their business experience continues to satisfy us, we welcome lower market prices of stocks we own as an opportunity to acquire even more of a good thing at a better price. 1977
”
”
Warren Buffett (Berkshire Hathaway Letters to Shareholders)
“
This leaves only two options: disintegration, or a new dictatorship ... no, there is a third, and I shall not be so pessimistic as to deny its possibility. The third option is the substitution of a new myth for the old one. Here are three such myths, all available from stock at short notice: liberty, equality, fraternity.
”
”
Salman Rushdie (Shame)
“
Everyone understands that you can prolong the life of an oil-based economy by discovering new oil deposits. It seems to be harder to understand that the same result can be achieved by burning less oil. A breakthrough in energy efficiency is equivalent, in its effect on the stock of available oil, to the discovery of a new oil field—although different people profit from it.
”
”
Donella H. Meadows (Thinking in Systems: A Primer)
“
Lefty had seen Desdemona undress many times, but usually as no more than a shadow and never in moonlight. She had never curled onto her back like this, lifting her feet to take off her shoes. He watched and, as she pulled down her skirt and lifted her tunic, was struck by how different his sister looked, in moonlight, in a lifeboat. She glowed. She gave off white light. He blinked behind his hands. The moonlight kept rising; it covered his neck, it reached his eyes until he understood: Desdemona was wearing a corset. That was the other thing she'd brought along: the white cloth enfolding her silkworm eggs was nothing other than Desdemona's wedding corset. She thought she'd never wear it, but here it was. Brassiere cups pointed up at the canvas roof. Whalebone slats squeezed her waist. The corset's skirt dropped garters attached to nothing because my grandmother owned no stockings. In the lifeboat, the corset absorbed all available moonlight, with the odd result that Desdemona's face, head, and arms disappeared. She looked like Winged Victory, tumbled on her back, being carted off to a conqueror's museum. All that was missing was the wings.
”
”
Jeffrey Eugenides (Middlesex)
“
Molds are driven by fantasy and a desire for the spectacular, and our sense of spectacle changes over time. Medieval gingerbread molds, hand carved from wood, might depict harts and does, wild boars and saints. The stock of images available to us now is far larger; but our imaginations are often smaller. In kitchen shops today, you can buy a large cake mold resembling a giant cupcake.
”
”
Bee Wilson (Consider the Fork: A History of How We Cook and Eat)
“
We find the same situation in the economy. On the one hand, the battered remnants of production and the real economy; on the other, the circulation of gigantic amounts of virtual capital. But the two are so disconnected that the misfortunes which beset that capital – stock market crashes and other financial debacles – do not bring about the collapse of real economies any more. It is the same in the political sphere: scandals, corruption and the general decline in standards have no decisive effects in a split society, where responsibility (the possibility that the two parties may respond to each other) is no longer part of the game.
This paradoxical situation is in a sense beneficial: it protects civil society (what remains of it) from the vicissitudes of the political sphere, just as it protects the economy (what remains of it) from the random fluctuations of the Stock Exchange and international finance. The immunity of the one creates a reciprocal immunity in the other – a mirror indifference. Better: real society is losing interest in the political class, while nonetheless availing itself of the spectacle. At last, then, the media have some use, and the ‘society of the spectacle’ assumes its full meaning in this fierce irony: the masses availing themselves of the spectacle of the dysfunctionings of representation through the random twists in the story of the political class’s corruption. All that remains now to the politicians is the obligation to sacrifice themselves to provide the requisite spectacle for the entertainment of the people.
”
”
Jean Baudrillard (Screened Out)
“
What Mr. Rothschild had discovered was the basic principle of power, influence, and control over people as applied to economics. That principle is "when you assume the appearance of power, people soon give it to you."
Mr. Rothschild had discovered that currency or deposit loan accounts had the required appearance of power that could be used to INDUCE PEOPLE [WC emphasis] (inductance, with people corresponding to a magnetic field) into surrendering their real wealth in exchange for a promise of greater wealth (instead of real compensation). They would put up real collateral in exchange for a loan of promissory notes. Mr. Rothschild found that he could issue more notes than he had backing for, so long as he had someone's stock of gold as a persuader to show to his customers.
Mr. Rothschild loaned his promissory notes to individuals and to governments. These would create overconfidence. Then he would make money scarce, tighten control of the system, and collect the collateral through the obligation of contracts. The cycle was then repeated. These pressures could be used to ignite a war. Then he would control the availability of currency to determine who would win the war. That government which agreed to give him control of its economic system got his support.
”
”
Milton William Cooper (Behold a Pale Horse)
“
All too often high-income-producing UAWs spend countless hours studying the market—but not the stock market. They can tell you the names of the top auto dealers, but not the top investment advisors. They can tell you how to shop and spend. But they can’t tell you how to invest. They know the styles, prices, and availability at various car dealers. But they know little or nothing about the various values of equity market offerings. As
”
”
Thomas J. Stanley (The Millionaire Next Door: The Surprising Secrets of America's Wealthy)
“
screening option was created specifically for this book, magicformulainvesting.com. The magicformula investing.com site is designed to emulate the returns achieved in our study as closely as possible. This site is currently available for free. Step-by-step instructions for selecting stocks using magicformulainvesting.com follow. Other options include, but are not limited to, the screening packages available at aaii.com, powerinvestor.com, and smart money.com.
”
”
Joel Greenblatt (The Little Book That Still Beats the Market)
“
If the random-walk view is correct, today's stock prices embody all relevant information. The only thing that would make them change is the availability of new information. Since we have no way of knowing what that new information might be, there is no mean for stock prices to regress to. In other words, there is no such thing as a temporary stock price-that is, a price that sits in limbo before moving to some other point. That is also why changes are unpredictable.
”
”
Peter L. Bernstein (Against the Gods: The Remarkable Story of Risk)
“
What are you doing here?"
He shoved one hand in his pocket. "I need a wife."
"And you came here..." She searched for an explanation for his outlandish statement. "Because you thought a company that sells feminine care products might also have a supply of women available for marriage? I can go to the stock room if you want and see what we have on the shelf. Are you looking for a blonde or a brunette? I guess it doesn't matter whether she likes you or not."
"It's not just for me," Liam explained, pulling his hand out of his pocket. "I need a wife to preserve my family legacy."
"So you want to breed her? Good to know. That takes Margie and Joan out of the running. They're both in their sixties."
He dropped to one knee and held out a blue velvet box. "I want you. Marry me, Daisy."
Of all the things she'd expected him to say, "Marry me," did not even make the top thousand. For a long moment, all she could do was stand and stare.
"I think you have me confused with someone who would even want to be in the same room as you, much less wed you after such a romantic proposal.
”
”
Sara Desai (The Dating Plan (Marriage Game, #2))
“
It is true that the success of the individual in his every-day business, profession, trade or other occupation depends very materially upon the possession of a good memory. His value in any walk in life depends to a great extent upon the degree of memory he may have developed. His memory of faces, names, facts, events, circumstances and other things concerning his every-day work is the measure of his ability to accomplish his task. And in the social intercourse of men and women, the possession of a retentive memory, well stocked with available facts, renders its possessor a desirable member of society.
”
”
William Walker Atkinson (Memory How to Develop, Train, and Use It)
“
What if she doesn’t worry about her body and eats enough for all the growing she has to do? She might rip her stockings and slam-dance on a forged ID to the Pogues, and walk home barefoot, holding her shoes, alone at dawn; she might baby-sit in a battered-women’s shelter one night a month; she might skateboard down Lombard Street with its seven hairpin turns, or fall in love with her best friend and do something about it, or lose herself for hours gazing into test tubes with her hair a mess, or climb a promontory with the girls and get drunk at the top, or sit down when the Pledge of Allegiance says stand, or hop a freight train, or take lovers without telling her last name, or run away to sea. She might revel in all the freedoms that seem so trivial to those who could take them for granted; she might dream seriously the dreams that seem so obvious to those who grew up with them really available. Who knows what she would do? Who knows what it would feel like? But if she is not careful she will end up: raped, pregnant, impossible to control, or merely what is now called fat. The teenage girl knows this. Everyone is telling her to be careful. She learns that making her body into her landscape to tame is preferable to any kind of wildness
”
”
Naomi Wolf (The Beauty Myth)
“
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.
”
”
Judith McNaught (Almost Heaven (Sequels, #3))
“
Why Did the Stock Market Crash? The most persuasive explanation for the 1929 stock market crash blames the Federal Reserve. Throughout the 1920s, but particularly in 1927, the Fed pumped artificial credit into the loan market, pushing down interest rates from their free-market level. Lower interest rates exaggerated the feeling of prosperity, and misled businesses and investors. In a laissez-faire market where money and banking are not disturbed by the government, the interest rate is a price that tells borrowers how much capital citizens have saved and made available to fund projects. But when the Fed adopts an “easy-money” policy by pushing down interest rates, this signal is distorted and the interest rate no longer does its job of channeling the available capital into the most deserving projects. Instead, an unsustainable boom develops, with firms hiring workers and starting production processes that will have to be discontinued once the Fed slows down its injections of new money. Many economists point to the Fed hikes in interest rates during 1928 and 1929 as the cause of the stock market crash. In a sense this is true, but the deeper point is that the crash was made inevitable by the bubble in the stock market fueled by the artificially cheap credit preceding the hikes. In other words, when the Fed stopped pumping in gobs of new money that pushed up the stock market, investors came to their senses and asset prices plunged back towards their pre-bubble level.
”
”
Robert Murphy (Politically Incorrect Guide to the Great Depression and the New Deal (The Politically Incorrect Guides))
“
The older theories, which started from an erroneous conception of the social demand for money, could never arrive at a solution of this problem. Their sole contribution is limited to paraphrases of the proposition that an increase in the stock of money at the disposal of the community while the demand for it rClnains the same decreases the objective exchange-value of money, and that an increase of the demand with a constant available stock has the contrary effect, and so on. By a flash of genius, the formulators of the Quantity Theory had already recognized this. We cannot by any means call it an advance when the formula giving the amount of the demand for money (Volume of Transactions + Velocity of Circulation) was reduced to its elements.
”
”
Ludwig von Mises (The Theory of Money and Credit)
“
Let us now leave the example of the isolated State and turn our attention to the international movements that arise from a fall in the value of money due to an increase in its amount. Here, again, the process is the same. There is no increase in the available stock of goods; only its distribution is altered. The country in which the new mines are situated and the countries that deal directly with it have their position bettered by the fact that they are still able to buy commodities from other countries at the old lower prices at a time when depreciation at home has already occurred. Those countries that are the last to be reached by the new stream of money are those which must ultimately bear the cost of the increased welfare of the other countries.
”
”
Ludwig von Mises (The Theory of Money and Credit)
“
But if the math of Moving Day worked out cruelly in constrained markets and for families in financial straits, it worked out very differently in most places and for most people throughout the nineteenth and early twentieth centuries as the housing stock rapidly expanded. You could spot the approach of Moving Day, a Milwaukee paper explained, by the sight of new buildings being rushed to completion and old houses being renovated, repaired, and restored. As wealthier renters snapped up the newest properties to come to market, less affluent renters grabbed the units they had vacated in a chain of moves that left almost all tenants better off. By concentrating their moves on a single day, tenants maximized the number of options that would be available to them.
”
”
Yoni Appelbaum (Stuck: How the Privileged and the Propertied Broke the Engine of American Opportunity)
“
This vision is very much in line with the views of the economist John Kay in his book Other People’s Money (2015). As he says, stock markets, when first started, were the vehicles for raising finance often for large infrastructure projects (typically railways) from many dispersed shareholders. But markets no longer provide this function. Almost no new projects are financed via the stock market. (Indeed, the observation that few early-state companies come to the stock market for financing rather confirms the hypothesis that stock markets have significant problems dealing with them.) Rather, stock market trading is dominated by large asset managers trading with each other. In Kay’s view, they are searching for returns over and above those available to the market as a whole (searching for “alpha”) by trying to anticipate what others are thinking about the value of assets rather than the value of the underlying assets themselves.
”
”
Jonathan Haskel (Capitalism without Capital: The Rise of the Intangible Economy)
“
The ghost was not a ghost at all, or so it claimed - it claimed to be a psychic energy baby, birthed in some ethereal dimension, and pulled into the phone by the powerful magnetism of phone signals. It remembered with perfect clarity how it came to be - remembered coalescing from the membranous surface of the world, streaked with reflected light, humming with surface tension under the pressure of emptiness underneath. The Psychic Energy Baby found form among the emanations of people's minds and the susurrus of their voices, it found flesh in the shapes of their lips and eyes made, the surprise of 'o's and the sibilations of 's's; its skin stretched taut like a soap bubble, forged from the wet sound of lips touching; its thoughts were the musky smells and the nerves twined around the transparent water balloons of the muscles like stems of toadflax, searching restlessly for every available crevice, stretching along cold rough surfaces. Its veins, tiny rivers, pumped heartbeats striking in unison, the dry dallying of billions of ventricular contractions. And it spoke, spoke endlessly, it spokes words that tasted of dark air and formic acid. It could speak long before it took it's final shape.
And when it happened, when all the sounds and smells and words in the world, when all the thoughts had aligned so that it could become - then it found itself pulled into the wires, surrounded by taut copper and green and red and yellow insulation; twined and quartered among the cables, rent open by millions of voices that shouted and whispered and pleaded and threatened, interspersed with the rasping of breaths and tearing laughter. It traveled through the criss-crossing of the wires so fast that it felt itself being pulled into a needle, head spearing into the future while its feet infinitely receded into the past, until it came into a dark quiet pool of the black rotary phone, where it could reassemble itself and take stock.
”
”
Ekaterina Sedia (The House of Discarded Dreams)
“
For years the financial services have been making stock-market forecasts without anyone taking this activity very seriously. Like everyone else in the field they are sometimes right and sometimes wrong. Wherever possible they hedge their opinions so as to avoid the risk of being proved completely wrong. (There is a well-developed art of Delphic phrasing that adjusts itself successfully to whatever the future brings.) In our view—perhaps a prejudiced one—this segment of their work has no real significance except for the light it throws on human nature in the securities markets. Nearly everyone interested in common stocks wants to be told by someone else what he thinks the market is going to do. The demand being there, it must be supplied. Their interpretations and forecasts of business conditions, of course, are much more authoritative and informing. These are an important part of the great body of economic intelligence which is spread continuously among buyers and sellers of securities and tends to create fairly rational prices for stocks and bonds under most circumstances. Undoubtedly the material published by the financial services adds to the store of information available and fortifies the investment judgment of their clients.
”
”
Benjamin Graham (The Intelligent Investor)
“
What if she doesn’t worry about her body and eats enough for all the
growing she has to do? She might rip her stockings and slam-dance on
a forged ID to the Pogues, and walk home barefoot, holding her shoes,
alone at dawn; she might baby-sit in a battered-women’s shelter one
night a month; she might skateboard down Lombard Street with its
seven hairpin turns, or fall in love with her best friend and do something
about it, or lose herself for hours gazing into test tubes with her hair a
mess, or climb a promontory with the girls and get drunk at the top, or
sit down when the Pledge of Allegiance says stand, or hop a freight
train, or take lovers without telling her last name, or run away to sea.
She might revel in all the freedoms that seem so trivial to those who
could take them for granted; she might dream seriously the dreams
that seem so obvious to those who grew up with them really available.
Who knows what she would do? Who knows what it would feel like?
But if she is not careful she will end up: raped, pregnant, impossible
to control, or merely what is now called fat. The teenage girl knows
this. Everyone is telling her to be careful. She learns that making her
body into her landscape to tame is preferable to any kind of wildness.
Dieting is being careful, and checking into a hunger camp offers the
ultimate in care.
”
”
Naomi Wolf (The Beauty Myth)
“
The rapid growth of Message- combined with an outpouring of florists offering consultations in the language of flowers to the streams of brides Marlena and I turned away- caused a subtle but concrete shift in the Bay Area flower industry. Marlena reported that peony, marigold, and lavender lingered in their plastic buckets at the flower market while tulips, lilac, and passionflower sold out before the sun rose. For the first time anyone could remember, jonquil became available long after its natural bloom season had ended. By the end of July, bold brides carried ceramic bowls of strawberries or fragrant clusters of fennel, and no one questioned their aesthetics but rather marveled at the simplicity of their desire.
If the trajectory continued, I realized, Message would alter the quantities of anger, grief, and mistrust growing in the earth on a massive scale. Farmers would uproot fields of foxglove to plant yarrow, the soft clusters of pink, yellow, and cream the cure to a broken heart. The prices of sage, ranunculus, and stock would steadily increase. Plum trees would be planted for the sole purpose of harvesting their delicate, clustered blossoms and sunflowers would fall permanently out of fashion, disappearing from flower stands, craft stores, and country kitchens. Thistle would be cleared compulsively from empty lots and overgrown gardens.
”
”
Vanessa Diffenbaugh (The Language of Flowers)
“
Many historians, many sociologists and psychologists have written at length, and with deep concern, about the price that Western man has had to pay and will go on paying for technological progress. They point out, for example, that democracy can hardly be expected to flourish in societies where political and economic power is being progressively concentrated and centralized. But the progress of technology has led and is still leading to just such concentration and centralization of power. As the machinery of mass production is made more efficient it tends to become more complex and more expensive – and so less available to the enterpriser of limited means. Moreover, mass production cannot work without mass distribution; but mass distribution raises problems which only the largest producers can satisfactorily solve. In a world of mass production and mass distribution the Little Man, with his inadequate stock of working capital, is at a grave disadvantage. In competition with the Big Man, he loses his money and finally his very existence as an independent producer; the Big Man has gobbled him up. As the Little Men disappear, more and more economic power comes to be wielded by fewer and fewer people. Under a dictatorship the Big Business, made possible by advancing technology and the consequent ruin of Little Business, is controlled by the State – that is to say, by a small group of party leaders and the soldiers, policemen and civil servants who carry out their orders.
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Aldous Huxley (Brave New World Revisited)
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Then came the so-called flash crash. At 2:45 on May 6, 2010, for no obvious reason, the market fell six hundred points in a few minutes. A few minutes later, like a drunk trying to pretend he hadn’t just knocked over the fishbowl and killed the pet goldfish, it bounced right back up to where it was before. If you weren’t watching closely you could have missed the entire event—unless, of course, you had placed orders in the market to buy or sell certain stocks. Shares of Procter & Gamble, for instance, traded as low as a penny and as high as $100,000. Twenty thousand different trades happened at stock prices more than 60 percent removed from the prices of those stocks just moments before. Five months later, the SEC published a report blaming the entire fiasco on a single large sell order, of stock market futures contracts, mistakenly placed on an exchange in Chicago by an obscure Kansas City mutual fund. That explanation could only be true by accident, because the stock market regulators did not possess the information they needed to understand the stock markets. The unit of trading was now the microsecond, but the records kept by the exchanges were by the second. There were one million microseconds in a second. It was as if, back in the 1920s, the only stock market data available was a crude aggregation of all trades made during the decade. You could see that at some point in that era there had been a stock market crash. You could see nothing about the events on and around October 29, 1929.
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Michael Lewis (Flash Boys: A Wall Street Revolt)
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How did wheat convince Homo sapiens to exchange a rather good life for a more miserable existence? What did it offer in return? It did not offer a better diet. Remember, humans are omnivorous apes who thrive on a wide variety of foods. Grains made up only a small fraction of the human diet before the Agricultural Revolution. A diet based on cereals is poor in minerals and vitamins, hard to digest, and really bad for your teeth and gums. Wheat did not give people economic security. The life of a peasant is less secure than that of a hunter-gatherer. Foragers relied on dozens of species to survive, and could therefore weather difficult years even without stocks of preserved food. If the availability of one species was reduced, they could gather and hunt more of other species. Farming societies have, until very recently, relied for the great bulk of their calorie intake on a small variety of domesticated plants. In many areas, they relied on just a single staple, such as wheat, potatoes or rice. If the rains failed or clouds of locusts arrived or if a fungus infected that staple species, peasants died by the thousands and millions. Nor could wheat offer security against human violence. The early farmers were at least as violent as their forager ancestors, if not more so. Farmers had more possessions and needed land for planting. The loss of pasture land to raiding neighbours could mean the difference between subsistence and starvation, so there was much less room for compromise. When a foraging band was hard-pressed by a stronger rival, it could usually move on. It was difficult and dangerous, but it was feasible. When a strong enemy threatened an agricultural village, retreat meant giving up fields, houses and granaries. In many cases, this doomed the refugees to starvation. Farmers, therefore, tended to stay put and fight to the bitter end.
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Yuval Noah Harari (Sapiens: A Brief History of Humankind)
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Suggestions to Develop Self-Help Skills Self-help skills improve along with sensory processing. The following suggestions may make your child’s life easier—and yours, too! DRESSING • Buy or make a “dressing board” with a variety of snaps, zippers, buttons and buttonholes, hooks and eyes, buckles and shoelaces. • Provide things that are not her own clothes for the child to zip, button, and fasten, such as sleeping bags, backpacks, handbags, coin purses, lunch boxes, doll clothes, suitcases, and cosmetic cases. • Provide alluring dress-up clothes with zippers, buttons, buckles, and snaps. Oversized clothes are easiest to put on and take off. • Eliminate unnecessary choices in your child’s bureau and closet. Clothes that are inappropriate for the season and that jam the drawers are sources of frustration. • Put large hooks inside closet doors at the child’s eye level so he can hang up his own coat and pajamas. (Attach loops to coats and pajamas on the outside so they won’t irritate the skin.) • Supply cellophane bags for the child to slip her feet into before pulling on boots. The cellophane prevents shoes from getting stuck and makes the job much easier. • Let your child choose what to wear. If she gets overheated easily, let her go outdoors wearing several loose layers rather than a coat. If he complains that new clothes are stiff or scratchy, let him wear soft, worn clothes, even if they’re unfashionable. • Comfort is what matters. • Set out tomorrow’s clothes the night before. Encourage the child to dress himself. Allow for extra time, and be available to help. If necessary, help him into clothes but let him do the finishing touch: Start the coat zipper but let him zip it up, or button all but one of his buttons. Keep a stool handy so the child can see herself in the bathroom mirror. On the sink, keep a kid-sized hairbrush and toothbrush within arm’s reach. Even if she resists brushing teeth and hair, be firm. Some things in life are nonnegotiable.
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Carol Stock Kranowitz (The Out-of-Sync Child: Recognizing and Coping with Sensory Processing Disorder)
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Silvanus, the camp prefect, took a step forward. I heard his voice every morning after parade, but had never listened to the tones of it as I did now. He was not afraid, that much was clear; he was angry.
"Pathetic. I should cashier you all now and destroy your Eagles." Silvanus spoke quietly; we had to strain to hear his voice. You could have heard the stars slide across the sky, we were so still and so silent. "If General Corbulo were here, he would destroy you. He dismissed half of the Fifth and the Tenth and sent them home. The rest are billeted in tents in the Armenian highlands with barley meal for fodder. He intends to make an army of them, to meet Vologases when he comes. I intend the same and therefore you will be treated the same as your betters in better legions. You will be proficient by the spring, or you will be dead." His gaze raked us, and we wondered which of us might die that night for the crime of being ineffectual. His voice rocked us. "To that end, you will spend the next three months in tents in the Mountains of the Hawk that lie between us and the sea. One hundred paces above the snow line, each century will determine an area suitable for three months’ stay and build its own base camp. You will alternate along the mountains’ length so that each century of the Fourth has a century of the Twelfth to either side, and vice versa. Each century will defend and maintain its own stocks against the men of the opposing legion; you are encouraged to avail yourselves of what you can. You may not remove stocks from camps belonging to other centuries of your own legion, and equally you may not aid in defending them against raiding parties from the opposing men. So that you may tell each other apart, the Twelfth legion will wear" – did I hear a note of distaste there? – "red cloth tied about their left arms at all times. The Fourth will wear blue. You will be provided with raw fleece with which to wrap your weapons that they might strike but not bite. A man who is careless enough to be captured by the other side will be flogged and returned to his unit. Any man who kills another will be flogged until dead and any man who wounds another will be staked out beyond the boundary of his camp for two days and nights; if he lives, he will be returned to his unit. Any man who dies of hunger, cold or fright, or who falls off the mountain, will be deemed to have died by his own hand. You have until the next watch to make ready. You are dismissed.
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M.C. Scott (Rome: The Eagle of the Twelfth (Rome, #3))
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Leonard H. Stringfield 1)Retrievals of the Third Kind: A Case Study of Alleged UFOs and Occupants in Military Custody. The first formal research paper presented publicly on the subject of UFO crash/retrievals at the MUFON Symposium, Dayton, Ohio, July, 1978. Original edition, dated April, 1978, was published in MUFON Proceedings (1978). Address: MUFON, 103 Oldtowne Road, Seguin, Texas 78155. If available, price___________. 2)Retrievals of the Third Kind: A Case Study of Alleged UFOs and Occupants in Military Custody,Status Report I. Revised edition, July, 1978, word processed copy, 34 pages. Available at author's address. See below. Price, USA___________. 3)UFO Crash/Retrieval Syndrome, Status Report II. Published by MUFON. Flexible cover, typeset, illustrations, 37 pages. Available only at MUFON address: 103 Oldtowne Road, Seguin, Texas 78155. Price, USA___________. 4)UFO Crash/Retrievals: Amassing the Evidence, Status Report III, June 1982; flexible cover, typeset, illustrations, 53 pages. Available from author's address. See below. Price, USA___________. 5)The Fatal Encounter at Ft. Dix -- McGuire: A Case Study, Status Report IV, June, 1985. Paper presented at MUFON Symposium, St. Louis, Missouri, 1985. Xeroxed copy, 26 pages. Available at author's address. See below. Price, USA___________. 6)UFO Crash/Retrievals: Is the Coverup Lid Lifting? Status Report V. Published in MUFON UFO Journal, January, 1989, with updated addendum. Xeroxed copy, 23 pages. Available at author's address. See below. Price, USA___________. 7)Inside Saucer Post, 3-0 Blue. Book privately published, 1957. Review of author's early research and cooperative association with the Air Defense Command Filter Center, using code name, FOX TROT KILO 3-0 BLUE. Flexible cover, typeset, illustrations, 94 pages. Available from author's address. See below. Price, USA___________. 8)Situation Red: The UFO Siege. Hardcover book published by Doubleday & Co., 1977. Paperback edition published by Fawcett Crest Books, 1977. Also foreign publishers. Out of print, not available. 9)Orbit Newsletter, published monthly, 1954-1957, by author for international sale and distribution. Set of 36 issues. Some issues out of stock, duplicated by xerox. Available at author's address -- see below. Price of set, USA___________. 10)UFO Crash/Retrievals: The Inner Sanctum, Status Report VI, July, 1991; flexible cover, book length, 81.000 words, 142 (8-1/2 X 11) pages, illustrated. Privately published. Available from author's address. See below. Price, USA___________. Prices include postage and handling. Mailings to Canada, add 500 for each item ordered. All foreign orders, payable U.S. funds, International money order or draft on U.S. Bank. Recommend Air Mail outside U.S. territories. Check on price. Leonard H. Stringfield 4412 Grove Avenue Cincinnati, Ohio 45227 USA Telephone: (513) 271-4248
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Leonard H. Stringfield (UFO Crash Retrievals: The Inner Sanctum - Status Report VI)
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Birch bark lends a mild wintergreen flavor to brewed sodas. Birch beer, flavored with sassafras and birch, is a classic American brew. Birch bark is usually sold in homebrew stores. Bitter Orange (Bergamot) s highly aromatic, and its dried peel is an essential part of cola flavor. The dried peel and its extract are usually available in spice shops, or any store with a good spice selection. They can be pricey. Burdock root s a traditional ingredient in American root beers. It has a mild sweet flavor similar to that of artichoke. Dried burdock root is available in most Asian groceries and homebrew stores. Cinnamon has several species, but they all fall into two types. Ceylon cinnamon is thin and mild, with a faint fragrance of allspice. Southeast Asian cinnamon, also called cassia, is both stronger and more common. The best grade comes from Vietnam and is sold as Saigon cinnamon. Use it in sticks, rather than ground. The sticks can be found in most grocery stores. Ginger, a common soda ingredient, is very aromatic, at once spicy and cooling. It is widely available fresh in the produce section of grocery stores, and it can be found whole and dried in most spice shops. Lemongrass, a perennial herb from central Asia, contains high levels of citral, the pungent aromatic component of lemon oil. It yields a rich lemon flavor without the acid of lemon juice, which can disrupt the fermentation of yeasted sodas. Lemon zest is similar in flavor and can be substituted. Lemongrass is available in most Asian markets and in the produce section of well-stocked grocery stores. Licorice root provides the well-known strong and sweet flavor of black licorice candy. Dried licorice root is sold in natural food stores and homebrew stores. Anise seed and dried star anise are suitable substitutes. Sarsaparilla s similar in flavor to sassafras, but a little milder. Many plants go by the name sarsaparilla. Southern-clime sarsaparilla (Smilax spp.) is the traditional root-beer flavoring. Most of the supply we get in North America comes from Mexico; it’s commonly sold in homebrew stores. Wild sarsaparilla (Aralia spp.) is more common in North America and is sometimes used as a substitute for true sarsaparilla. Small young sarsaparilla roots, known as “root bark” are less pungent and are usually preferred for soda making, although fully mature roots give fine results. Sassafras s the most common flavoring for root beers of all types. Its root bark is very strong and should be used with caution, especially if combined with other flavors. It is easily overpowering. Dried sassafras is available in homebrew stores. Star anise, the dried fruit of an Asian evergreen, tastes like licorice, with hints of clove and cinnamon. The flavor is strong, so use star anise with caution. It is available dried in the spice section of most grocery stores but can be found much more cheaply at Asian markets.
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Andrew Schloss (Homemade Soda: 200 Recipes for Making & Using Fruit Sodas & Fizzy Juices, Sparkling Waters, Root Beers & Cola Brews, Herbal & Healing Waters, Sparkling ... & Floats, & Other Carbonated Concoctions)
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A Step-by-Step Guide to Buying Verified Cash App Accounts
Buy verified CashApp account and get quick and easy access to all of the features that CashApp has to offer. With a verified account, you can send and receive money instantly, invest in stocks and Bitcoin, and use a Cash App debit card to make purchases. By using CashApp with our reliable service, you can be confident that you're getting a high-quality account that's ready to use right away. So why wait? Buy your ready verified CashApp account today and start enjoying the benefits of hassle-free online transactions!
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If You want to more information just contact now
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↪ Telegram: @accsells1
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↪ E-mail: infoaccsells0@gmail.com
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Cash App
Cash App is a mobile payment service developed by Block, Inc. (formerly Square, Inc.). It allows users to send, receive, spend, save, and invest money. Cash App is available in the United States and the United Kingdom.
To use CashApp, users create an account and link a bank account or debit card. Once an account is created, users can send and receive money instantly with other Cash App users. Cash App also offers a debit card that can be used to make purchases in stores and online.
In addition to sending and receiving money, CashApp also allows users to invest in stocks and Bitcoin. CashApp's investment platform is simple and easy to use, making it a great option for beginners.
Cash App is a convenient and secure way to send, receive, spend, save, and invest money. It is a great option for people who want a fast and easy way to transfer money to friends and family, or who want to start investing in stocks or Bitcoin.
Here are some of the Benefits of Cash App:
Send and receive money instantly with other Cash App users.
Link a bank account or debit card to make payments.
Get a free Cash App debit card.
Invest in stocks and Bitcoin.
Request money from friends and family.
Set up recurring payments.
Cash out your balance to your bank account.
Transfer money to other countries.
Get help with your account 24/7.
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If You want to more information just contact now
24 Hours Reply/ Contact : –
↪ Telegram: @accsells1
↪ WhatsApp: +1 (814) 403–6336
↪ E-mail: infoaccsells0@gmail.com
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Cash App is a great way to manage your money. It is easy to use, secure, and offers a variety of features. If you are looking for a new way to send, receive, spend, save, and invest your money, Cash App is a great option.
How to Cash App download and install it?
Here are the steps on how to download and install Cash App on your phone:
Open the App Store or Google Play on your phone.
Search for "Cash App".
Tap on the "Get" or "Install" button.
Once the app is installed, open it and follow the instructions to create an account.
Once you have downloaded and installed Cash App, you can start using it to send, receive, spend, save, and invest money.
How to create a CashApp account?
Here are the steps on how to create a Cash App account:
Download the Cash App app on your phone from the App Store or Google Play.
Open the app and tap on "Get Started."
Enter your phone number or email address.
Cash App will send you a verification code. Enter the code and tap on "Next."
Create a username and password.
Enter your name and birthday.
Link a bank account or debit card to your Cash App.
Tap on "Create Account.
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A Step-by-Step Guide to Buying Verified Cash App Accounts
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Right tools and services: High-speed Internet service. The best available broker. A fast order execution platform that supports Hotkeys. A scanner for finding the right stocks to trade. Support from a community of traders.
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AMS Publishing Group (Intelligent Stock Market Trading and Investment: Quick and Easy Guide to Stock Market Investment for Absolute Beginners)
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In the majority of countries, the privilege of creating money has been handed to commercial banks, which create money every time they offer loans or credit. As a result, more money is made available only by their issuing more interest-bearing debt, and that debt is increasingly being channelled into activities such as buying houses, land or stocks and shares. Investments such as these do not create new wealth that generates additional income with which to pay the interest, but instead earn a return simply by pushing up the price of existing assets.
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Kate Raworth (Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist)
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In the UK, for example, 97 percent of money is created by commercial banks and its character takes the form of debt-based, interest-bearing loans. As for its intended use? In the 10 years running up to the 2008 financial crash, over 75 percent of those loans were granted for buying stocks or houses—so fuelling the house-price bubble—while a mere 13 percent went to small businesses engaged in productive enterprise.47 When such debt increases, a growing share of a nation’s income is siphoned off as payments to those with interest-earning investments and as profit for the banking sector, leaving less income available for spending on products and services made by people working in the productive economy. ‘Just as landlords were the archetypal rentiers of their agricultural societies,’ writes economist Michael Hudson, ‘so investors, financiers and bankers are in the largest rentier sector of today’s financialized economies.
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Kate Raworth (Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist)
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We are afraid to put men to live and trade each on his own private stock of reason, because we suspect that the stock in each man is small, and that the individuals would do better to avail themselves of the general bank and capital of nations and of ages,” Burke writes in the Reflections.
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Yuval Levin (The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Right and Left)
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We want products in stock and immediately available to customers, and we want minimal total inventory in order to keep associated holding costs, and thus prices, low. To achieve both, there is a right amount of inventory. We use historical purchase data to forecast customer demand for a product and expected variability in that demand. We use data on the historical performance of vendors to estimate replenishment times. We can determine where to stock the product within our fulfillment network based on inbound and outbound transportation costs, storage costs, and anticipated customer locations.
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Jeff Bezos (Invent and Wander: The Collected Writings of Jeff Bezos)
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Paccar’s strategy is based on doing something well and consistently over a long period of time. That has created difficult-to-replicate resources: its image, its network of experienced dealers, its loyal customers, and the knowledge embedded in its staff of designers and engineers. This position and these kinds of slow-build resources are simply not available to companies, mesmerized by the stock market, who want big results in twelve months.
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Richard P. Rumelt (Good Strategy Bad Strategy: The Difference and Why It Matters)
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What Is Swolgenix XL Supplement & How Does It work?
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What Is Swolgenix XL Supplement & How Does It work?
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You have a margin of safety when you buy a stock at a price that is substantially less than its value. As Graham noted, the margin of safety “is available for absorbing the effect of miscalculations or worse than average luck.
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Michael J. Mauboussin (The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing)
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The AR-57, also known as the AR Five Seven, is available as either an upper receiver for the AR-15/M16 rifle or a complete rifle, firing 5.7×28mm rounds from standard FN P90 magazines.
It was designed by AR57 LLC and[3] was produced by AR57 of Kent, Washington, United States.
The AR-57 PDW upper is a new design on AR-15/M16 rifles, blending the AR-15/M16 lower with a lightweight, monolithic upper receiver system chambered in FN 5.7×28mm. This model is also sold as a complete rifle, supplied with two 50-round P90 magazines.[1] The magazines mount horizontally on top of the front handguard, with brass ejecting through the magazine well. Hollow AR-15 magazines can be used to catch spent casings.
Unlike the standard AR-15 configuration which uses a gas-tube system , the AR-57 cycles via straight blowback.[6] A fully automatic version exists and was marketed as a competitor to the P90 and other personal defense weapons.[7]
Manufactured by the eponymous AR57 LLC, and chambered in 5.7x28mm, this upper is less powerful than the standard 5.56mm version, but it has certain tangible advantages, including reduced muzzle blast, a high practical rate of fire, nonexistent recoil, and the ability to use folding stocks. Since the buffer is located within the receiver, folding stocks may also be used for compact storage or carry.
To load, place the base plate of a standard FN P90 magazine into the recess on the front of the upper, then press the feed lip side down on the catch located above and slightly back of the bolt. To charge, pull on the right-side nonreciprocating handle and release. The right-side charging hand placement makes it accessible for operation by the strong hand. Since it only has to be operated once every 50 shots, the time penalty for moving the hand off the pistol grip isn’t too great.
Empties will eject downward through the nominal magazine well. Some people use a 20-round magazine body with the feed lips, spring and follower removed to act as a brass catcher.
The magazine has no provision for activating the bolt lock when empty, but the bolt can be locked open using the catch on the lower. The upper runs very cleanly and reliably, requiring no maintenance after the first 500 shots.
The AR57 comes with a medium fluted barrel, reasonable for a varmint rifle but excessive for a defensive carbine. Burning around six grains per shot, 5.7x28mm runs much cooler than 5.56mm, which burns four or more times as much. That yields much reduced muzzle blast and far greater heat endurance, of course at the cost of a roughly 40 percent slower bullet.
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ssecurearmsllc
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Active investors have a number of options available to them. First, they can decide to make their portfolio more aggressive or more defensive than the index, either on a permanent basis or in an attempt at market timing. If investors choose aggressiveness, for example, they can increase their portfolios’ market sensitivity by overweighting those stocks in the index that typically fluctuate more than the rest, or by utilizing leverage. Doing these things will increase the “systematic” riskiness of a portfolio, its beta. (However, theory says that while this may increase a portfolio’s return, the return differential will be fully explained by the increase in systematic risk borne. Thus doing these things won’t improve the portfolio’s risk-adjusted return.)
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Howard Marks (The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing))
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Active investors have a number of options available to them. First, they can decide to make their portfolio more aggressive or more defensive than the index, either on a permanent basis or in an attempt at market timing. If investors choose aggressiveness, for example, they can increase their portfolios’ market sensitivity by overweighting those stocks in the index that typically fluctuate more than the rest, or by utilizing leverage. Doing these things will increase the “systematic” riskiness of a portfolio, its beta. (However, theory says that while this may increase a portfolio’s return, the return differential will be fully explained by the increase in systematic risk borne. Thus doing these things won’t improve the portfolio’s risk-adjusted return.) Second, investors can decide to deviate from the index in order to exploit their stock-picking ability—buying more of some stocks in the index, underweighting or excluding others, and adding some stocks that aren’t part of the index. In doing so they will alter the exposure of their portfolios to specific events that occur at individual companies, and thus to price movements that affect only certain stocks, not the whole index. As the composition of their portfolios diverges from the index for “nonsystematic” (we might say “idiosyncratic”) reasons, their return will deviate as well. In the long run, however, unless the investors have superior insight, these deviations will cancel out, and their risk-adjusted performance will converge with that of the index.
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Howard Marks (The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing))
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Buffett himself is a grand master of simplification. Writing to his shareholders in 1977, he laid out his four criteria for selecting any stock: “We want the business to be (1) one that we can understand, (2) with favorable long-term prospects, (3) operated by honest and competent people, and (4) available at a very attractive price.” These may not strike you as earth-shattering secrets. But it’s hard to beat this distillation of eternal truths about what makes a stock desirable.
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William P. Green (Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life)
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Nomad’s appetite for reasonable businesses selling at unreasonably low prices made sense, given the opportunities available at the time. But this strategy had one drawback. When stocks like these rebounded and were no longer that cheap, they had to sell them and hunt for new bargains. But what if nothing particularly attractive was on sale when they sought to redeploy those winnings? An obvious solution to this reinvestment risk was to buy and hold higher-quality businesses that were more likely to continue compounding for many years.
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William Green (Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life)
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Little Baby Fashion - Motheringo
Stock up your babies’ wardrobes with tons of onesies. Aiding in the mobility of the babies and the unimaginable frequency with which babies spoil their clothes, you need to focus on convenience, above all.
Depending on the weather, add a layer of the adorable little romper, available in a large variety. High in utility, they are adept at keeping your child composed under all weather conditions.
You can never stop aweing on the perfectly coordinated clothing sets, often accompanied by the lovesome headbands, booties, and bowties. These sets make a perfect apparel for daily wear, keeping the baby comfortable yet stylishly dressed.
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Abbe Kaya
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Jana Ann Bridal Couture Bridal Stores San Diego
Hundreds of dresses available off-the-rack, yet none that catch your eye? We’ve been there before, and we understand the frustration. Take all the frustration out of your wedding dress search by taking a quick stop into the best bridal store in San Diego, at Jana Ann Bridal Couture.
The Jana Ann Bridal Couture has a different approach to the wedding dress dilemma. Rather than stocking hundreds of dresses that only appeal to a small percentage of people, we reserve samples of dresses that you can customize from the bottom up. This ensures that every bride-to-be can find the dress of their dreams with ease at our bridal store in San Diego. We make sure that every frill and foil on the dress is customized to the bride’s choice. From the materials used to the form and fitting, each detail is used to express the bride’s identity and her love for her spouse-to-be! We create a love story out of the white gown worn at the wedding ceremony.
Whether Priyanka Chopra Jonas or Megan Markle inspires you, you can use your wedding dress as a definite fashion statement that can keep you joyful; even in the memory of the day! The majority of stores tagged as bridal stores in San Diego tend to lack the glitz and glamour of a custom-made wedding gown! We at Jana Ann Coutier recognize that wedding dresses are not one-type-fits-all. Brides come in all shapes and sizes, so we can help you determine which silhouette is most flattering. We add features and style elements to hide your trouble areas and accentuate your curves for a more captivating look on your big day! Brides also come with different tastes and preferences. Some like to stay simpler, while others want to go all out with embellishments. Don’t limit yourself if you’re going to go big or remain traditional.
Since most San Diego bridal stores search leads you to boutiques creating designer wear replicas, our specialty will satisfy your expectations for the dream wedding dress! We hope to help you create the dress of your dreams and feel fantastic on your wedding day, with the knowledge that your dress is one-of-a-kind, just like you! For a bridal store that values your opinion and time, stop by our location in San Diego today. Ready to get started? Get an appointment with Jana Ann to create the wedding ensemble of your dreams.
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Jana Ann Couture Bridal
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You know, I could have made the arduous journey next door to leave your order with the doorman,” I said as I counted out the skeins to make sure they were all there. Nico and Elizabeth lived in one of the condos in the building above the shop. In fact, it was Elizabeth who’d suggested this location to me when the retail space became available. Nico’s grin grew flirtatious. “I know, but then I wouldn’t have gotten to fondle your yarn—and you know how I love to fondle your yarn.” I flicked my hand at him, shaking my head in amusement. “Fondle away.” Nico wandered off to browse the in-stock yarns, and I smiled as I watched him reach out to squish a particularly cuddly alpaca blend.
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Susannah Nix (Mad About Ewe (Common Threads, #1))
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Mind thus becomes to me a continuous stream of impulses, the significance of each and every contribution of which is determined by the place in the pattern of channels through which they flow within the pattern of all available channels—with newly arriving afferent impulses, set up by external or internal stimuli, merely diverting this flow into whatever direction the whole flow is disposed to move. . . . I liked to compare this flow of “representative” neural impulses, largely reflecting the structure of the world in which the central nervous system lives, to a stock of capital being nourished by inputs and giving a continuous stream of outputs—only fortunately, the stock of this capital cannot be used up.
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Friedrich A. Hayek
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She floated unsteadily over to the dairy section, and found her eyes immediately directed to the small packet with its crisp navy logo exerting enough power to eclipse all the other products around it.
To think that a regular supermarket such as this one would stock Échiré butter! Checking the price, she saw it was less than a thousand yen. Not just that, either, but there was a whole assortment of different kinds of butter filling the display: cultured, aged, salted, unsalted... Until just a few months ago, it was difficult to find. Things changed at such speed. For a while, Rika stood still, bathing in the white light of the dairy section.
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Asako Yuzuki (Butter)
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The goal of practicing this art is not to get it right every time; it is not to be perfect about it. Rather, the goal is to commit to the process. The goal is to practice often. As we make this commitment, we will experience pain, frustration, pleasure, and joy. We will develop humility. We will learn to take stock of the tools available for helping ourselves and others to become better.
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Christopher Reed (Sacred Conversations: How God Wants Us to Communicate)
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This is not a fit. It's the truth Do you know what it was like to live with you? The constant remarks about my weight? The diet printouts everywhere? The way you'd buy junk food and stock the house with snacks and then shame me for eating what was available? The way you brushed aside everything I cared about?” Her fingers ached from their grip on the bed frame. “I guess I should thank you, since your disinterest motivated me. But there’s always been this part of me that was empty, a hole I couldn’t fill be cause it was yours.
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Jenny L. Howe (The Make-Up Test)
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This is not a fit. It's the truth Do you know what it was like to live with you? The constant remarks about my weight? The diet printouts everywhere? The way you'd buy junk food and stock the house with snacks and then shame me for eating what was available? The way you brushed aside everything I cared about?” Her fingers ached from their grip on the bed frame. “I guess I should thank you, since your disinterest motivated me. But there’s always been this part of me that was empty, a hole I couldn’t fill because it was yours.
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Jenny L. Howe (The Make-Up Test)
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Yet an investigation by the BBC programme Panorama discovered the move was at least partly a way to get around the shortage of protective equipment in the NHS. The problem was that the Health and Safety Executive had earlier ruled that the very top level of PPE should be worn when dealing with a disease ranked as an HCID. The change in classification therefore meant health workers could be kitted out with less protective equipment – making the most of the threadbare stocks available. The government had requested that the Advisory Committee on Dangerous Pathogens remove Covid-19 from the HCID list.
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Jonathan Calvert (Failures of State: The Inside Story of Britain’s Battle with Coronavirus)
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introduce them to one of the most fascinating and valuable little volumes in existence. It is Standard & Poor’s Stock Guide, published monthly, and made available to the general public under annual subscription. In addition many brokerage firms distribute the Guide to their clients
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Benjamin Graham (The Intelligent Investor)
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As developed by trans activists, standpoint epistemology says there are special forms of standpoint-related knowledge about trans experience available only to trans people, not cis people. For instance, only trans people can properly understand the pernicious effects of ‘cis privilege’, and how it intersects with other forms of oppression to produce certain kinds of lived experience. As with some versions of feminism and critical race theory, when transmuted through popular culture this has quickly become the idea that only trans people can legitimately say anything about their own nature and interests including on philosophical matters of gender identity. Cis people, including feminists and lesbians, have nothing useful to contribute here. Their assumption that they do have something useful to contribute is a further manifestation of their unmerited privilege.
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Kathleen Stock (Material Girls: Why Reality Matters for Feminism)
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First, he seeks “profitable businesses with good returns on capital and not too much leverage.” Second, the management team must have “equal measures of talent and integrity.” Third, the company should have ample opportunity to reinvest its profits at handsome rates of return. Fourth, the stock must be available to him at a “reasonable” price.
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William P. Green
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In 1917, the Chicago Urban League found that real estate agents had so constricted the supply of homes for African Americans that on one day alone, only fifty houses were available for 664 black applicants. Given the basic economics of supply (limited) and demand (great), rents skyrocketed up to 50 percent higher for this decaying housing stock.
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Carol Anderson (White Rage: The Unspoken Truth of Our Racial Divide)
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In 1997, money manager David Leinweber wondered which statistics would have best predicted the performance of the U.S. stock market from 1981 through 1993. He sifted through thousands of publicly available numbers until he found one that had forecast U.S. stock returns with 75% accuracy: the total volume of butter produced each year in Bangladesh. Leinweber was able to improve the accuracy of his forecasting “model” by adding a couple of other variables, including the number of sheep in the United States. Abracadabra! He could now predict past stock returns with 99% accuracy. Leinweber meant his exercise as satire, but his point was serious: Financial marketers have such an immense volume of data to slice and dice that they can “prove” anything.
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Jason Zweig (Your Money and Your Brain)
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Nonrenewable resources are stock-limited. The entire stock is available at once, and can be extracted at any rate (limited mainly by extraction capital). But since the stock is not renewed, the faster the extraction rate, the shorter the lifetime of the resource.
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Donella H. Meadows (Thinking in Systems: A Primer)
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Gandhi today is up for grabs. He has become abstract. ahistorical, postmodern, no longer a man in and of his time but a free-floating concept, a part of the available stock of cultural symbols, an image that can be borrowed, used, distorted, reinvented, to fit many different purposes, and to the devil with historicity or truth. Richard Attenborough's Gandhi stuck me, when it was first released, as an example of this type of unhistorical Western saint-making. Here was Gandhi-as-guru, purveying the fashionable product, the Wisdom of the East, and Gandhi-as-Christ, dying and frequently going on hunger strike) so that others may live.
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Salman Rushdie (Step Across This Line: Collected Nonfiction 1992-2002)
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The Admiralty commissioned John Byron to command a ship to do some preliminary exploration in the South Pacific while monitoring the effects of fresh provisions on the incidence of scurvy in his crew. It proved to be a short voyage returning in under two years, in April 1766—and Byron’s conclusions regarding antiscorbutics were sketchy and unreliable. The men had suffered terrible ravages from the disease, but owing to the Admiralty’s instructions for Byron to purchase and outfit the ship with fresh vegetables whenever convenient, there were not a large number of deaths. Byron ordered scurvy grass and coconuts for his men, and while he claimed that the scurvy grass was of “infinite service” it was the coconuts that saved them from certain death. “It is astonishing the effect these nuts alone had on those afflicted … . Many in the most violent pain imaginable … and thought to be in the last stage of that disorder, were in a few days by eating those nuts (tho’ at sea) so far relieved as to do their duty, and even to go aloft as well as they had done before.” For the return voyage, Byron stocked up on more than two thousand coconuts and kept scurvy blessedly at bay. Byron’s unscientific opinion that coconuts were a useful antiscorbutic was of little practical value to the Admiralty, however, as coconuts were not readily available in England. All in all, it was not a very illuminating trial.
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Stephen R. Bown (Scurvy: How a Surgeon, a Mariner, and a Gentlemen Solved the Greatest Medical Mystery of the Age of Sail)
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Old Fitzgerald Bourbon, a specialty liquor of which only a finite stock was still available to those bourbon enthusiasts who could afford the $6K price tag.
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Mia Sheridan (All the Little Raindrops)
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Stock. Stock is the backbone of good cooking. You need it and you don't have it. I have the luxury of 30-quart stockpots, a willing prep crew, readily available bones and plenty of refrigeration space. Does this mean you should subject your guests to a sauce made from nasty commercial bases or salty canned broth? Make stock already! It's easy! Just roast some bones, roast some vegetables, put them in a big pot with water and reduce and reduce and reduce. Make a few months' worth, and when it's reduced enough strain it and freeze it in small containers so you can pull it from the freezer as needed. Life without stock is barely worth living, and you will never attain demi-glace without it.
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Anthony Bourdain (Kitchen Confidential: Adventures in the Culinary Underbelly)
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Back to top Chapter Eighteen - The Take Away Close With the take away close, even before the prospect says yes or no, you begin to suggest that the product may not be available. You might be out of stock. Sometimes people are not even aware that they want the item until you suggest that they may not be able to get it.
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Brian Tracy (Close That Sale! The 24 Best Sales Closing Techniques Ever Discovered)
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Remind your humans of the traditional value of the newspaper by helping them to read every time they sit down with one. If there are no newspapers available, shred mail, magazines, checkbooks and other documents to point out the value of stocking less permanent media in the feline household. If your computer skills are up to the task, preorder five years of home delivery of the Sunday New York Times. Now there’s a paper you can spend hours killing. Save the magazine and book review for enjoyment later in the week.
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Michael Ray Taylor (The Cat Manual)
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small cap" and "big cap" are relative terms. The market today is much larger and is dominated by a list of big players that dwarf smaller companies in their sheer size and share of available investment capital. The fact that these giants are so large does not necessarily mean that small-cap companies are undercapitalized. Many of these companies have no desire to compete with the likes of Wal-Mart and McDonalds, preferring to excel in a niche market that's too small for the big players to bother with.
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John Border (Stock Market For Beginners Book: Stock Market Basics Explained for Beginners Investing in the Stock Market (The Investing Series Book 2))
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Salads?” he said. “I don’t usually make a lot of salads.” “I know this,” she said wearily. “But we need to make a couple of changes. Just minor changes. Buy some low-fat, whole-wheat bread for sandwiches. Don’t do pastas, breads and potatoes at every meal. Make salads, stock fresh fruit.” “There’s plenty of fruit around here,” he said. “Yeah, and it’s all in the pies.” “You have pie almost every day,” he pointed out. “You love my pies. You more than anyone, I think.” She scowled, then grimaced. “I’m going to stop doing that. Listen, can you make some lighter meals available, please? Or else I’m not going to be able to eat here all the time. I’ll have to pack a lunch, make my own dinner at home. This madness has to stop. I can’t keep gaining weight like this. I am not going to be fat!” Preacher tilted his head. “Jack complaining about the way you look?” he asked cautiously. “Of course not,” she said in frustration. “He thinks I’m perfect.” “Well, there you go.” “John, I don’t think you’re paying attention here. I have to go on a diet. You want me to write down what I need?” “No,” he said unhappily. “I think I’ve got it.” “Thanks.
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Robyn Carr (Temptation Ridge)
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Shop for women's wedges at NIVARAH. Available in many designs and styles, wedges for ladies work well with everything from formal wear to casual wear, western wear to ethnic wear and more! We have in stock heels, sandals and shoes.
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Wedges for women | womens wedges | wedge sandals | wedges shoes
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For example, only some members of a hunting society have the experience of losing their weapons and being forced to fight a wild animal with their bare hands. This frightening experience, with whatever lessons in bravery, cunning and skill it yields, is firmly sedimented in the consciousness of the individuals who went through it. If the experience is shared by several individuals, it will be sedimented intersubjectively, may perhaps even form a profound bond between these individuals. As this experience is designated and transmitted linguistically, however, it becomes accessible and, perhaps, strongly relevant to individuals who have never gone through it. The linguistic designation (which, in a hunting society, we may imagine to be very precise and elaborate indeed—say, “lone, big kill, with one hand, of male rhinoceros,” “lone big kill, with two hands, of female rhinoceros,” and so forth) abstracts the experience from its individual biographical occurrences. It becomes an objective possibility for everyone, or at any rate for everyone within a certain type (say, fully initiated hunters); that is, it becomes anonymous in principle even if it is still associated with the feats of specific individuals. Even to those who do not anticipate the experience in their own future biography (say, women forbidden to hunt), it may be relevant in a derived manner (say, in terms of the desirability of a future husband); in any case it is part of the common stock of knowledge. The objectification of the experience in the language (that is, its transformation into a generally available object of knowledge) then allows its incorporation into a larger body of tradition by way of moral instruction, inspirational poetry, religious allegory, and whatnot. Both the experience in the narrower sense and its appendage of wider significations can then be taught to every new generation, or even diffused to an altogether different collectivity (say, an agriculture society that may attach quite different meanings to the whole business). Language
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Peter L. Berger (The Social Construction of Reality: A Treatise in the Sociology of Knowledge)
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Welcome to my headquarters." Maverick teased playfully as he stood back from the door and allowed them to enter inside the basement room. "The champagne dust fountain is situated directly on your left and the grimy, cobweb spa is just on your right. Just in case you feel the need to relax and poison your pores. There are no mud-cakes available today, I'm completely out of those, I've run out of stock.
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Jill Thrussell (Mindplant: Trimorphia (Glitches #3))
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Net wages: “It’s not what you make, but what you net” after paying the FIRE sector, basic utilities and taxes. The usual measure of disposable personal income (DPI) refers to how much employees take home after income-tax withholding (designed in part by Milton Friedman during World War II) and over 15% for FICA (Federal Insurance Contributions Act) to produce a budget surplus for Social Security and health care (half of which are paid by the employer). This forced saving is lent to the U.S. Treasury, enabling it to cut taxes on the higher income brackets. Also deducted from paychecks may be employee withholding for private health insurance and pensions. What is left is by no means freely available for discretionary spending. Wage earners have to pay a monthly financial and real estate “nut” off the top, headed by mortgage debt or rent to the landlord, plus credit card debt, student loans and other bank loans. Electricity, gas and phone bills must be paid, often by automatic bank transfer – and usually cable TV and Internet service as well. If these utility bills are not paid, banks increase the interest rate owed on credit card debt (typically to 29%). Not much is left to spend on goods and services after paying the FIRE sector and basic monopolies, so it is no wonder that markets are shrinking. (See Hudson Bubble Model later in this book.) A similar set of subtrahends occurs with net corporate cash flow (see ebitda). After paying interest and dividends – and using about half their revenue for stock buybacks – not much is left for capital investment in new plant and equipment, research or development to expand production.
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Michael Hudson (J IS FOR JUNK ECONOMICS: A Guide To Reality In An Age Of Deception)
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Seasonings should not begin and end at salt and pepper. Herbs and spices not only are a great source of variety but also add to the nutritional profile of a meal. Fresh or dried basil, oregano, cinnamon, cumin, nutmeg, and dozens of other herbs and spices are available in any well-stocked grocery store.
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William Davis (Wheat Belly: Lose the Wheat, Lose the Weight, and Find Your Path Back to Health)
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1) Watch for any stock that makes a 50% increase in price within an 8 week period. 2) The stock must have a 20-day average volume level of 100,000 shares traded daily at the time of entry. 3) Enter on the next available price high as price climbs higher.
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Ex (Simple Stock Trading Formulas: How to Make Money Trading Stocks)
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The endowment would make a second serendipitous investment when Robert Noyce, a Grinnell trustee and alumnus, offered Grinnell stock in his then-private start-up, NM Electronics.22 Noyce had almost been expelled from Grinnell for stealing a pig and roasting it at a campus luau.23 He would have been expelled but for the intervention of his physics professor who felt that Noyce was the best student he’d ever taught. 24 The professor managed to persuade the school to reduce the expulsion to a one-semester suspension.25 Noyce never forgot the favor, and made the stock available to the school if it wanted it.26 Rosenfield told Noyce that the endowment would take all the stock he’d let it have.27 Grinnell’s endowment took 10 percent of the $3 million private placement (Grinnell put up $100,000, and Rosenfield and another trustee put up $100,000 each).28 Shortly thereafter the company, then renamed Intel, went public in 1971. Grinnell started selling the stake in 1974, at which time it was worth $14 million, more than half the value of the $27 million endowment. Noyce was concerned that Grinnell should have so much exposure to a single name associated with him, and cajoled Rosenfield to sell. He recalls, “Bob [Noyce] was trembling about it. He’d say, ‘I don’t want the college to lose any money on account of me.’ But I’d say, “We’ll worry about that, Bob. We’ll take the risk.”29 Noyce eventually wore Rosenfield down, however, and Grinnell fully exited the stake by 1980. On its sale, the Intel investment had generated a profit of 4,583 percent. Rosenfield told Zweig, “I wish we’d kept it. That was the biggest mistake we ever made. Selling must have cost us $50 million, maybe more.”30 Zweig didn’t have the heart to tell the then 96-year-old Rosenfield that the shares he sold would have been worth several billion dollars in 2000. Perhaps this is why Rosenfield “considers selling to be indistinguishable from error.
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Allen C. Benello (Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors)
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It nevertheless remains true that, in most countries for which long-run data are available, stocks have out-performed bonds – by a factor of roughly five over the twentieth century.
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Niall Ferguson (The Ascent of Money: A Financial History of the World)
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It nevertheless remains true that, in most countries for which long-run data are available, stocks have out-performed bonds – by a factor of roughly five over the twentieth century.9 This can scarcely surprise us. Bonds, as we saw in Chapter 2, are no more than promises by governments to pay interest and ultimately repay principal over a specified period of time. Either through default or through currency depreciation, many governments have failed to honour those promises. By contrast, a share is a portion of the capital of a profit-making corporation. If the company succeeds in its undertakings, there will not only be dividends, but also a significant probability of capital appreciation. There are of course risks, too. The returns on stocks are less predictable and more volatile than the returns on bonds and bills. There is a significantly higher probability that the average corporation will go bankrupt and cease to exist than that the average sovereign state will disappear. In the event of a corporate bankruptcy, the holders of bonds and other forms of debt will be satisfied first; the equity holders may end up with nothing. For these reasons, economists see the superior returns on stocks as capturing an ‘equity risk premium’ – though clearly in some cases this has been a risk well worth taking.
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Niall Ferguson (The Ascent of Money: A Financial History of the World)
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shares available, market cap, share price,
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Tycho Press (Stock Market Investing for Beginners: Essentials to Start Investing Successfully)
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It is a well-known fact that weather has three natures but the most furious is the winter when the chillness is almost killing to roam outside. In that case you forget to swim or can say that miss swimming. There the pool enclosures come to be a supporting property that makes your outer pool to be an indoor swimming pool. With this convenience the Patio Enclosures are helpful in making you home look more extravagant with wonderful finishing touch. It is also known as an inexpensive way to decorate your home.
There are various materials that can be made use of making these enclosures. The materials that are used in making enclosures most commonly are fiber, glass, timber, plastic, etc. These days many companies are keen in doing fabrication and installation of variety of enclosure present in their stock. So you need not worry for having construction or reconstruction of pools. They supply with most proficient workers expert in their performance.
In the time of technology when every small thing you can get as automated then why not these. You can have the eccentric innovation of automatic pool covers present in the market provided by many companies. With the expected feature of covering and uncovering the swimming pool automatically this type of enclosures are in demand mostly. Through this feature you can have swimming in enclosed area in winters along with enjoying the open pool in summers too as required. You can even make the maintenance costs low by covering the pool not to come in contact with dust or dirt.
Indoor pools are fabulous but if you have open pools then make them covered with the patio enclosures. This makes you enjoy swimming throughout the year and also makes the maintenance costs for swimming pools lower.
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Jacob Adams
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The part of national income that is available to families, after taxes have been paid and any transfers received, is personal disposable income, which is the second line from the top. It is a good deal smaller than GDP, but the historical picture of growth and fluctuation is very similar. Much the same is true if we look, not at what people get, but at what they spend. This is consumers’ expenditure, the third line. The difference between personal disposable income and consumers’ expenditure is the amount that people save, and the figure shows that the fraction of their income that Americans save has been falling, especially over the past thirty years. We don’t know exactly why this has happened, and there are several possible explanations: it is easier to borrow than it used to be; it is no longer as necessary as it once was to save up to make the deposit on a house, a car, or a dishwasher; Social Security has perhaps reduced the need to save for retirement; and the average American benefited from increases in the stock market and in house prices—at least until the Great Recession.
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Angus Deaton (The Great Escape: Health, Wealth, and the Origins of Inequality)
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For low risk trades, prices and volumes must rise consistently for at least two weeks. Avoid making trading decisions based on a single day’s price rise or a single week’s price rise. A short term price rise can be driven by a large lot of the stock being bought by institutional investors or by the non-availability of enough stock to make up for a large order.
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Ashu Dutt (15 Easy Steps to Mastering Technical Charts)
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The availability of a quotation for your business interest (stock) should always be an asset to be utilized if desired. If it gets silly enough in either direction, you take advantage of it.”1 —
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Jeremy C. Miller (Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor)
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The number of shares in the hands of the public that are available for trading is called float. (As opposed to shares in the hands of founders and management that are restricted.) Find out what the float is. If only a limited number of shares are available to trade, it will be difficult to liquidate stock. If a founder sold his company for $8 million in stock and later decides to sell the shares in the market, he may find it difficult to sell that many shares without pushing the price of the stock down significantly. What
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Thomas Metz (Selling the Intangible Company: How to Negotiate and Capture the Value of a Growth Firm (Wiley Finance Book 469))
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Then came the so-called flash crash. At 2:45 on May 6, 2010, for no obvious reason, the market fell six hundred points in a few minutes. A few minutes later, like a drunk trying to pretend he hadn’t just knocked over the fishbowl and killed the pet goldfish, it bounced right back up to where it was before. If you weren’t watching closely you could have missed the entire event—unless, of course, you had placed orders in the market to buy or sell certain stocks. Shares of Accenture traded for a penny, for instance, while shares of Hewlett-Packard traded for more than $100,000. Twenty thousand different trades happened at stock prices more than 60 percent removed from the prices of those stocks just moments before. Five months later, the SEC published a report blaming the entire fiasco on a single large sell order, of stock market futures contracts, mistakenly placed on an exchange in Chicago by an obscure Kansas City mutual fund. That explanation could only be true by accident, because the stock market regulators did not possess the information they needed to understand the stock markets. The unit of trading was now the microsecond, but the exchanges might report their activity in increments as big as a second. There were one million microseconds in a second. It was as if, back in the 1920s, the only stock market data available was a crude aggregation of all trades made during the decade. You could see that at some point in that era there had been a stock market crash. You could see nothing about the events on and around October 29, 1929. The first thing Brad noticed as he read the SEC report on the flash crash was its old-fashioned sense of time. “I did a search of the report for the word ‘minute,’ ” said Brad. “I got eighty-seven hits. I then searched for ‘second’ and got sixty-three hits. I then searched for ‘millisecond’ and got four hits—none of them actually relevant. Finally, I searched for ‘microsecond’ and got zero hits.” He read the report once and then never looked at it again.
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Michael Lewis (Flash Boys)
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The terrestrial stock consists of two kinds of resources: those renewable on a human time scale and those renewable only over geologic time and which, for human purposes, must be treated as nonrenewable. Terrestrial low-entropy stocks may also be classified into energy and material. Both sources, the terrestrial and the solar, are limited. Terrestrial nonrenewables are limited in total amount available. Terrestrial renewables are also limited in total amount available and, if exploited to exhaustion, become just like nonrenewables. If exploited on a sustained-yield basis, then they are limited in rate of use, though practically unlimited in terms of the total amount eventually harvestable over time. Likewise, the solar source is practically unlimited in total amount but strictly limited in its rate and pattern of arrival to earth. Thus both sources of low entropy are limited.
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Herman E. Daly (Steady-State Economics)
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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.
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Cliff Ball (Times of Turmoil)