Category: Notes

Betting the book will sell

… if author Annie Duke’s interview is any measure:

Video link ->

Made me go looking for Ms. Duke’s work. After checking Barnes & Noble stock, I was going for my keys when I realized I was actually preparing to get charged a roughly 50% premium for the trip. Too much vig for my taste.

MG signing off (having put my chips on the pass line instead)

Three Storms

1. a thermodynamic quantity representing the unavailability of a system’s thermal energy for conversion into mechanical work, often interpreted as the degree of disorder or randomness in the system.
2. lack of order or predictability; gradual decline into disorder.

Click the image for real time action (09/08/17 16:40 UTC reference)

MG signing off (not to be an amateur meteorologist, but simply ponder)

Eclipse Monitoring Station at DM79mq

Peak shadow, if not peak chatter …

MG signing off (to struggle with 5 WPM)

Man’s Best Friends

Presented without further comment …

MG signing off (as promised)

Texting with Finance Friends: Junk Bond Holiday Song Edition

If you don’t know what a junk bond is or what’s happening to them right now, please run along. For the rest, this went to a trader friend this morning at 9:13am MST …


On the last day of Hanukkah
My true love gave to me
A portfolio of high-yield
Almost free


It did in fact turn out good for a return phone call a few hours later. The conglomerate response was:

You’re not very funny, so where did that come from?

Plus …

CNBC are fucking idiots

And finally …

I’m too fat to play golf right now.

I think the last was code for “I’m looking for a new job as we speak.”

MG signing off (to spread more holiday cheer)

Bitcoin for Dummies

I wouldn’t call it the “future of the web” – resistance from entrenched intermediaries will likely remain strong for some time – but the video sure does a good job explaining how blockchains work …


Click to get smarter

The ability to record transactions in bilateral physical exchange, with a hermetic audit trail, seems more intriguing than actually purchasing a cup of coffee with BTC.

MG signing off (now less of a dummy, although how much less is debatable)

Shell games

Forget 3% down

Life imitates art other life. Wonder if the FHA is involved.

MG signing off (to avoid the MBS on this shell game like the plague crabs)

Consumer Confidence Index

As gauged by talking points memos the news media …

Say something enough and … well, you get the idea.

MG signing off (happy new year, happy new year, happy new year, happy new year, happy new year, happy new year, happy new year …)

Self-importance versus Mother Nature

The main ingredient is unadulterated candor. Branded as comedy, but significantly more entertaining for the rigorous insight.

MG signing off (to continue being a surface nuisance flying around on a big electron)

Something Thoreau wrote on November 20, 1857

“In books, that which is most generally interesting is what comes home to the most cherished private experience of the greatest number. It is not the book of him who has travelled the farthest over the surface of the globe, but of him who has lived the deepest and been the most at home. If an equal emotion is excited by a familiar homely phenomenon as by the Pyramids, there is no advantage in seeing the Pyramids. It is on the whole better, as it is simpler, to use the common language. We require that the reporter be very permanently planted before the facts which he observes, not a mere passer-by; hence the facts cannot be too homely. A man is worth most to himself and to others, whether as an observer, or poet, or neighbor, or friend, where he is most himself, most contented and at home. There his life is the most intense and he loses the fewest moments. Familiar and surrounding objects are the best symbols and illustrations of his life. If a man who has had deep experience should endeavor to describe them in a book of travels, it would be to use the language of a wandering tribe instead of a universal language. The poet has made the best roots in his native soil of any man, and is the hardest to transplant. The man who is often thinking that it is better to be somewhere else than where he is excommunicates himself. If a man is rich and strong anywhere, it must be on his native soil. Here I have been these forty years learning the language of these fields that I may the better express myself. If I should travel to the prairies, I should much less understand them, and my past life would serve me but ill to describe them. Many a weed here stands for more of life to me than the big trees of California would if I should go there. We only need travel enough to give our intellects an airing. In spite of Malthus and the rest, there will be plenty of room in this world, if every man will mind his own business. I have not heard of any planet running against another yet.”

A passport stamp is not incontrovertible proof that you were actually there.

MG signing off (in the midst of the not so mundane, and endeavoring to take it all in)