Mar

5

excellent books read this weekend: The Big Ratchet: How Humanity Thrives in the Face of Natural Crisis, by Ruth Defries. the numerous incredibly lucky things that make life on earth possible. the three indespensible requirement for life are: (1) a stable climate, (2) a planetary recycling mechanism, and (3) a smorgasbord of diverse species.

these 3 mechanisms would seem to play a role in markets, preventing any hatchet-like move in one commodity like bonds and its influence on stocks as exemplified by March 3, 2023 action with a 2-pt increase in bonds sending all market life thru this.

Beating the Dow, by O'Higgins and Downes, recommending buying the lowest-priced and highest-yield components of the Dow as a superior, infallible investment rule. (no cognition of multiple comparisons or ever-changing cycles.) the rule doesn't seem to work anymore.

i have the 1991 edition but many interesting facts about the stability of the Dow. contrary to popular belief the 1923 components are almost all there thru acquisitions. emphasis on Dow stocks as magnets for investment.

Timothy Sandefur's Freedom's Furies, a well-researched and informative review of the work and lives of Isabel Paterson, Rose Wilder Lane, and Ayn Rand.

Thayers Life of Beethoven, revised by Elliot Forbes. A year-by-year chronicle of verified events in B's life. the great man's music and quirks and obsessions.

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