It’s hard and lonely being the lighthouse, but it is easy to be the sea and go with the flow. The lighthouse must be sure of himself, anchored in his beliefs, and a beacon for others to see. They are indispensable for navigation during storms and protect ships and keep them from capsizing on the …
Looking Backwards … LB #1 A few weeks back, I called the end of New York Community Bank. I was wrong. The market managed to save itself, but on Wednesday it appeared the end was near again. The stock, which was already down 60% in the last year, was down 25% or so and trading …
“The only thing you should remember is that everyone else is either reckless or inept. Usually both.” Margaret Thatcher I needed to begin with a little Maggie Thatcher to maintain my sanity. I grew up learning that the KISS principle stood for Keep it simple stupid not realizing they were referring to me, but someone …
Looking Backwards … LB #1 Forgive and indulge me for this first part that is called reading greatness acknowledging greatness. “Charlie Munger – The Architect of Berkshire Hathaway Charlie Munger died on November 28, just 33 days before his 100th birthday. Though born and raised in Omaha, he spent 80% of his life domiciled elsewhere. …
“Mark Twain was right One of the most important reasons for studying history is that virtually every stupid idea that is in vogue today has been tried before and proved disastrous before, time and again.” – Thomas Sowell The best thing about being old is I have gotten to experience cycles repeating themselves. With leap year upon …
Looking Backwards … LB #1 I find Donald Trump to be a very poor martyr. I think he is a liar, a cheat, and someone that uses bankruptcy laws as his own walled garden from actual financial responsibility and ability. I don’t think any parent would want their child to grow up and act like …
“Optimism is the madness of insisting all is well when we are miserable” Voltaire During World War II the Japanese fighters were extremely honorable and they didn’t give up, ever. They were bound to die with honor rather than surrender. This is not a normal situation among the descendants of Anglo-Saxons. It is true of …
Looking Backwards … LB #1 On Dec 13, 2023, we wrote that we had our worries about AI living up to the hype calling it another inaccuracy, always insensitive, and as intended. That insightful piece about laziness and inaccuracy needs a refresher. Matt Barnum wrote for the Wall Street Journal about how AI is failing …
Relax and leave your volume as is, there will be no F-bombs this week. Cussing is for emphasis and if you overuse it then it loses its effectiveness. No today will be expletive free, but my goodness we got a lesson in pragmatism from one Mr. Putin this week. Tucker Carlson interviewed Vladimir Putin, I’m …
Looking Backwards … LB #1 This week the border bill died in Congress. This was going to be linked to Ukraine aid, aid for Israel, and then provide money for securing the border. I’m not sure how secure it was going to be with a daily quota of crossers which I saw was in one …