Wednesday, January 16, 2008

Houston Marathon 2008

Took ten minutes off last year's time coming in at 3:52.53

Again, not bad for a fat guy. Weather was perfect, 45 at the start, 60 at the finish. A great crowd. Time to think about the next long run.

Wednesday, January 09, 2008

Every Year's Resolution

A great article from Gary North at LewRockwell.com about life stages and meaningful work.

"So, I am looking to generate income that will hedge against the FED and also against a political revolt by taxpaying workers who finally figure out that the political system is stacked against them."

"Ben Franklin, in Poor Richard’s Almanack, put it this way: "A child thinks that twenty dollars or twenty years can never be spent." Actually, he said twenty pounds, which was a lot more money in 1755. But you get the idea. Money gets spent, and so does time.

It is the relentless ticking of the clock that should focus our attention. Franklin’s contemporary, Samuel Johnson, quipped that there is nothing like a sentence to be hanged in two weeks to focus a man’s attention. But the end is just as real in 40 years as two weeks.

The more future-oriented you are, the more attention you will pay to the ticking clock. Ludwig von Mises called this time-preference. Future-oriented people have low time preference. They discount the future at a lower rate of interest. This applies to future benefits, but it also applies to future costs.

The present-oriented person is like the grasshopper in the story of the grasshopper and the ants. He fiddles all summer and starves in winter. In the Disney cartoon, he sings, "The world owes me a living." It doesn’t."

Trader Feed Blog from Jeff Steenbarger

Solution Focused Brief Therapy is all about building a positive self-reinforcing spiral of small goals leading to a larger goal. If you focus on Phychosis, what are you going to see more of?

"My last post identified self-efficacy as an important link between a person's goals and their ability to sustain action toward those goals. If we experience ourselves as efficacious--if we feel that we are in control of our destinies--we will be more likely to muster the motivation to do what we know is best for us."

Trading is about controling emotions, acting and responding appropriately in the face of change but positive and negative. What could be more appropriate to life?

Tradder Feed