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Michael Gracie

Betting the book will sell

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

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

en·tro·py
/ˈentrəpē/
noun
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 …

YOURS TRULY:

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

FINANCE FRIEND: silence

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 …

blockchain

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)

Breakfast of Champions

Cereal is for birds …

breakfastofchampions

One top sirloin steak from a grass-fed bovine. Measured amounts of Lawry’s and McCormick’s seasoning, along with a smidgen of salt, pepper, and garlic powder, infused with the must-have Tabasco. Seared in olive oil and port wine, roughly a minute and a half each side. Seven minutes of oven finishing at 475. Two eggs over-medium in the prep pan.

Zero sugar coma, and you will be hungry again. As in around 10pm.

MG signing off (thinking the Wheaties marketing team was paid way too much)