frank's blog

Bertrand Russell's Ten Commandments

15 traits of a self-actualized individual

* Perceives reality accurately and objectively; tolerates and even likes ambiguity; and is not threatened by the unknown.
* Accepts himself, others and human nature.
* Is spontaneous, natural, genuine.
* Is problem-centered (not self-centered), non-egotistical; has a philosophy of life and probably a mission in life.
* Needs some privacy and solitude more than others do; is able to concentrate intensely.
* Is independent, self-sufficient and autonomous; has less need for praise or popularity
* Has the capacity to appreciate simple and common place experiences; has zest in living, high humor, and the ability to handle stress
* Has (and is aware of) rich, alive, fulfilling “peak experiences,” or moments of intense enjoyment.
* Has deep feelings of brotherhood with all mankind; is benevolent, altruistic.
* Forms strong friendship ties with relatively few people; and is capable of greater love.

Great Article

Slate Magazine
Basically, It's Over
A parable about how one nation came to financial ruin.
By Charles Munger
Updated Sunday, Feb. 21, 2010, at 3:30 PM ET

In the early 1700s, Europeans discovered in the Pacific Ocean a large, unpopulated island with a temperate climate, rich in all nature's bounty except coal, oil, and natural gas. Reflecting its lack of civilization, they named this island "Basicland."

Pe Ratios for S&P 500 over time. Using P/E10 and trend analysis.

"A more cautionary observation is that every time the P/E10 has fallen from the first to the fourth quintile, it has ultimately declined to the fifth quintile and bottomed in single digits. Based on the latest 10-year earnings average, to reach a P/E10 in the high single digits would require an S&P 500 price decline below 600. Of course, a happier alternative would be for corporate earnings to make a strong and prolonged surge. When might we see the P/E10 bottom? These secular declines have ranged in length from over 19 years to as few as three. The current decline is now in its ninth year. "

The Great American Bubble Machine

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again

The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who’s Who of Goldman Sachs graduates.

Canada housing price index

Syndicate content