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January 2010

Recs

17

Are stocks going to continue their inflation-adjusted slide?

January 30, 2010 – Comments (1) | RELATED TICKERS: SLW , MVG , JAGGF

All signs point to yes.  [more]

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6

Greedy bastard investing

January 28, 2010 – Comments (8) | RELATED TICKERS: PM

Okay, assuming I'm a greedy bastard and I'm so jingoistic that I couldn't care less whether everyone outside the U.S. gets cancer, can give anyone give me a good reason not to buy Philip Morris Int'l (PM)? Does anyone think it's overpriced? Going to fail to achieve its growth potential? A more profitable investment to make instead?

Let's hear your thoughts on the Mo. The one that operates in foreign lands. The MoFo, if you will.

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6

Model search

January 28, 2010 – Comments (25) | RELATED TICKERS: DE , VO , ISH

For any and all who demand an example ("model") of a small-government country that has thrived (and for some reason don't like the U.S., post-war West Germany, or pre-unification Hong Kong), I would like for you to walk a mile in my shoes. Why don't you try to come up with a model (i.e. a specific example) of a heavily regulated industry where regulators weren't ensnared by lobbyists to favor a few rich, well-connected cronies at the expense of both their competitors and their customers. I'll even be more fair than you were with my small-government models, by actually providing substantial disputation instead of dismissing your models out of hand.  [more]

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43

The 30-year-old in his parents' home

January 25, 2010 – Comments (64)

If you're wondering if it's hypocritical for me to hold that most people are, by and large, ignorant and tasteless slobs, while simultaneously advocating radical freedom (no speed limits, no drug laws, no government imposed licensing requirements, no taxes or tariffs... in fact, no government at all), I invite you to imagine a scenario that is really not imaginary at all, but is familiar to us in these times: a 30-year-old college graduate living with his parents. He has no ambition, no career to speak of, and no desire to change. He's comfortable, he's successful at the latest FPS (a style of video game), and nothing's gonna change his world. Our gut, instinctive and unrationalized, tells us that this is wrong. A wasted life.

One might say it is his responsibility to do better with his life. Quite right. Should his friends, if they are any different, help him to see the error of his ways? No doubt. But who else could do better in this unfortunate situation? Is no one else guilty? I say there's plenty of guilt to go around: to the guy, to his friends, if they know better and remain silent, but most of all to the parents. They had 18 years to raise an adult capable and willing to make his responsible, self-provisional way through the adult world, and squandered not just those but 12 more. Finally, they rob him of the one thing that can save him now at this late date: necessity. Were he exposed to true necessity, the need for food, the primal desire for shelter, and the longing for the luxuries he had when he was cradled in the second womb of untimely paternalism would spur him to find a job that would afford those things. If he could not find such a job right away, even better: he would have something to work towards, and the light of healthy ambition would spark in his erstwhile dark spirit.

So it is with the public. Coddled into our adult years, protected from drugs, prostitutes, high speeds, and unlabeled food (and soon, the option of a poor diet to entice those poor slobs in their parents' basements), we lose our ability and our desire to protect ourselves. Robbed of choices, we lose the ability to discern which choice is best. Saved from poverty by unemployment insurance and welfare, we lose our sense of why we need to work at all. So to say that the 30-year-old is a slob ill-equipped to fend for himself is no argument against his being put out on his own, but completely to the contrary, and likewise the teeming masses yearning to be swaddled. Swaddle them no more, and perhaps they, or at least their children, may once again yearn to breathe free.

I have been hearing a lot recently about Europe, particularly Scandinavian countries, and how they have this social program and that social benefit, and single-payer health care, and how their socialist government is so much better than the one here (in the U.S.). And they do it so much cheaper! This is no different from saying that the Hendersens are better at managing their 30-year-old than the Wests are, even though the Wests are richer and have more stuff. While one could argue that the Hendersens have the advantage of a more family oriented cultural background (i.e. the profound cultural differences between Norway and the U.S. make socialism somewhat more practical there than here), or that kicking them both out of their respective houses to fend for themselves would provide an eventual increase in their wealth (after an initial period of hardship and adjustment), or even that the Hendersens, being poorer than the Wests, are likely to run out of money in another 10 years or so, more important and fundamental than any of these points is that it is simply wrong for their parents to keep them. It destroys their creativity, their work-satisfaction, their ambition - it robs them of important aspects of who they are. It is cancerous to spirit and soul. At least young Mr. West knows that something is wrong. He is a violent, irascible man with no contentment or satisfaction in life. By being (marginally) better parents, the Hendersens are able to maintain their daughter's illusion that this is a good and acceptable arrangement for life; that living in your parents' shelter, and eating their food, and spending frivolously while earning little or nothing, is normal and right. The Wests are richer than the Hendersens because they were hardy, adventurous entrepreneurs, taking risks, coddled by no one, and building tremendous wealth through creativity, hard work, and ingenuity - all the qualities they are stifling in their son - and the young West intuits something of it. He can't put his finger on it, but he knows something is wrong, and he acts up, like a 2-year-old unconsciously craving discipline and boundaries. So in some ways, the Wests are closer to doing the right thing, but they still are not doing it, and the results are very messy.

Allow me a digression for a moment. In many cases those who are greediest and wealthiest are those who arose out of desperate poverty, and overcompensated for what they lacked in their early years: money and that which money can buy. They are unable to balance their desire for gain and instinctive hoarding with spiritual, familial, or artistic pursuits. On the reverse of that same token, those who are raised with everything they want are raised without that which they most need: the spark of desire. It is easy for someone raised in the lap of total luxury to assert that "Desire is the root of all suffering." Those struck by natural disaster and disease would likely offer those as other possible roots. I am not being glib, but to say that philosophy, nay, unpretentious thoughtfulness, seeks to find a balance amongst pursuit of material wealth, pursuit of spiritual understanding, pursuit of artistic expression, pursuit of familial love, pursuit of anything you might think worth pursuing. To eschew pursuit as evil, and to enshrine unproductive behavior or listlessness as the highest virtue, is a great disservice to the human spirit and to those who suffer from want. When a man is starving, it does him no good to tell him to stop wanting to eat food.

One might say that our 30-year-old slob needs his parents, that is, needs them to kick him out of their house. This is very different from saying that they should protect him, provide for him, or offer him any material help in any way. He is certainly better off if he learns to provide for himself. Someone might say that paternalism is required in the case of someone who is severely mentally handicapped, or that some other help is needed for someone who has another handicap, or that it is right for the parents to take him in if his house is destroyed in a disaster. But the metaphor easily gives way to literalism here: the handicapped and disaster victims require their real family, not the government, who is both a poor substitute for a family and a grossly codependent enabler. Those unfortunate adults who have no family can make friends, and when a child's immediate family die, a good family can adopt her. It is no problem for a civilized society to take care of its own without government; at least, it is less problematic than trying to take care of yourselves and each other despite a government and enduring its help.  [more]

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14

Rewrite the Constitution

January 21, 2010 – Comments (19)

Okay, boys and girls: I'm feeling rambunctious, so I was thinking about things that I wish the Founders of our country had written into the Constitution. Most of the stuff I realized was actually in there, but is ignored and violated, but there's one thing that they overlooked that I think may have actually helped.  [more]

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11

Why there's nothing to fear

January 13, 2010 – Comments (7)

...if you're trusting in God's promises. To those of you who do not know God's promises, this will seem nonsensical or dangerous.  [more]

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4

Adding my RL portfolio as a new CAPS persona

January 12, 2010 – Comments (1)

...and it is at the url below. If there are inaccuracies, I'm not going to stress out about it, because I'm doing this more for my sake than for anyone else's. Don't do as I do, because I don't know if I'm going to be ruined by doing all the crazy-risky things I do. HoleNewBagOFleas:  [more]

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20

Chris Dodd is retiring?!?!?!

January 06, 2010 – Comments (9) | RELATED TICKERS: SCR , EW , ED

Wow. What does that tell you? Two things: 1) Dodd was scared of Schiff. 2) Dodd had a pretty good idea of how to screw Schiff (and every liberty-loving American). Now Schiff is no longer running against an increasingly unpopular Banking Committee chairman who unwittingly helped engineer the worst bubble/crash since the Great Depression. He's running against a popular Democratic attorney in a heavily Democratic state (if what I hear is true).  [more]

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1

What do you get

January 02, 2010 – Comments (2)

...when you cross Mario, house music, and misdirected genius?

This.

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6

New Year benediction

January 02, 2010 – Comments (1)

May you seek God and find Him this year. May you grow in the Spirit of God's love. May those who love what is right find you admirable, and those who hate the truth find you a fearsome foe. May your wealth be put to good to use, and may you always have enough to share.

Here's wishing you a blessed, prosperous, and productive 2010.

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