Torch by ~nibbia

Last Sunday was a խաշ event at a friend’s house. This meal is not an ordinary meal but the one at his house was even more special. It was his son’s birthday but that’s not the only reason it was special. My high school friend graduated from MIT and left the Boston area for many years before coming back here a couple of years ago. The meal was also special because I left feeling very happy to see them in their nice home, established, with many local friends. Two or three weeks ago I had a similar feeling of satisfaction and deep gratitude to God for my brother’s success in establishing his family in this foreign land.

Last week I was also touched by a couple experiences at my friend’s place. Our friend who is a Bentley professor thought that given my experience and background, I should apply to Harvard or MIT to study for a PhD (she was probably being nice but it was touching). I believe I will enjoy teaching at a university as a way of growing and giving back but that’s a long journey. The first step was a conversation with her for which I was very thankful. It’s now up to me to try which I will do after teaching a course or two as adjunct faculty (assuming someone thinks I deserve such an opportunity). The second touching experience was an offer to join his company from another friend who has been making a living from his software business (shameless plug for a good personal finance software). He seemed quite serious and although I was extremely touched that he thought it was worth a try, unfortunately I had to decline.

Today something unexpected happened at church. In order to run the annual assembly where the parish needed to elect four new members to the parish council, eight candidates were needed. When asked last week, I agreed certainly willing to invest and give back to the church and our small but vibrant Armenian community. I did not expect that people would actually elect me. Now I am truly humbled by the experience and already feeling the weight of the responsibility to help carry forward the torch passed on by generations of upstanding Armenians to preserve our faith, our culture and all the good which makes us Armenians. I hope in hindsight they will be happy to have elected me and plan to earn that through giving of myself, growing personally in the process.

As if that was not enough, I stumbled upon this video where the son of our priest is conducting his high school choir. The song’s title is “Holy, Holy”.

Bike: with note by ~plasket

My son rides his bicycle to school on nice days. He got it as a present from his grandparents. One Friday a few weeks ago he had to leave the bike at school overnight. When we went to get it on Saturday, the bicycle was gone. I stood there thinking who would steal a kid’s bike from an elementary school bike rack… but then thought this was a good lesson for all of us to take care of our belongings.

My wife diligently followed up with reports to the school and the town police in case someone spotted the bike. She also posted a description with a number to call in a few areas nearby the school. A couple weeks later, Mr. G., the crossing guard, told her that some forces were at work regarding the bicycle and that he had a good feeling that something good would happen. She thought he meant that someone had an idea where the bike was left.

Another week went by and we received the following e-mail:

“Dear …,

Please bring your son’s bike helmet to school this afternoon.

There is a surprise for him at the bike rack.

The combination is …

His friends at school.”

Mr. G. and we don’t have a clue who else had bought my son a new bicycle. Expecting absolutely nothing in return, they had taught him, us and all his little buddies at school one of the most powerful lessons in life. My wife and I were completely speechless.

While we could have probably bought him a new bicycle, there is no way we could have given him such a powerful memory to cherish for a lifetime. The blessing of giving and the blessing of a community that cares are the building blocks of this great country. For days I have been remembering those who gave me what I could have never earned myself at the time when I needed their help the most. Just as I will never forget what they did for me, I hope my son will never forget that his new bicycle came from the goodness of our neighbors’ hearts.

empty by ~Kosmur

The past few months have been extremely difficult and busy. My new product hit the market last month. The effort required to “give birth” to something new is absolutely incredible; the process is exciting and also exhausting. But as usual, the release brings with it a feeling of emptiness from an achieved objective. Fortunately when it comes to work, there is no end in sight. Plenty of new goals are waiting to be achieved.

A couple weeks ago, some blogger out there sent a lot of traffic my way with the following comment: “Some people will set up blogs for bizarre, individualistic reasons. This pretentious douche thinks of his blog as his gift to his children. Sorry dude, I bet they’d rather have a Wii.” I wasn’t going to dignify his words with a response. But he’s only the tool, the stimulus for further thought. The response is not meant for him.

Some will call names, crucify publicly or in private, harass, persecute, put down, and ridicule people that they don’t understand, in every case highlighting their own weakness, fear, or lack of self-confidence. Even good, confident, strong people sometimes become weak and engage in name calling. “That idiot has no idea how to drive!” “Obama is pure evil!” When we can do little to affect a situation, we vent. Some are evil and attack to evoke a response. They become surprised when their attack is read and the exact opposite of “expected” response is given. This usually puts them in a position of severe weakness (which brings forward further attacks).

I must have hit a nerve a year and half ago saying that I was not writing to make money. My posts may be worth nothing (which is most likely the case) but at least the site is not packed with Google ads asking readers to click on “relevant” links. The blogger somewhere boasted that he was making about $20 from each post. I would rather my posts were worth $0 than $20, a concept he’s likely to misunderstand. I said that this was my gift to my children. This earned his ridicule and a “wise suggestion” to get them a Wii instead. He doesn’t realize that my 7-year-old son will probably buy his own Wii by Christmas, of course if that’s how he chooses to spend his hard-saved dollars and gifts from the tooth fairy.

In some ways people are like airplanes cruising at different altitudes and speeds. He’s jetting and spreading money smarts from high altitudes at high speeds, has many readers, and even earns $20 for every post. I’ll continue riding my little bicycle and believing that some day those who matter will value these scribbles.

The Beginning Of The End... by =WiciaQ

I collect different topics to mention here but since time has been limited lately, there are quite a few drafts. This was one but I rewrote it because  of something that happened yesterday.

I made a comment about the easy debt/credit cycle possibly ending to which someone responded with a long letter. The first two lines in it were “I’m appealing to you to use whatever influence you might have to take the first step in righting a great wrong. I know you’re an obscure member of an otherwise brilliant List, but seeing that your contributions are negligible, I figured you wouldn’t be otherwise occupied in penning some easily forgettable screed…”

Two thoughts came to mind upon reading that letter:

1. The words of a great friend Levon who died a few years ago “Ցեխի մեջ քար նետես, աչքիդ կթռնի: (If you throw a stone into mud, it might splatter on your face.)”
2. The words of Benjamin Franklin in his autobiography “If you wish information  and improvement from the knowledge of others,  and yet at the same time express yourself as firmly fixed in your present opinions, modest, sensible men, who do not love disputation, will probably leave you undisturbed in the possession of your error.“

The letter was ended with “Please leave me alone,” which I have done by unsubscribing. I am left with the tranquil feeling of moving on to more important matters.

God by ~SoundArt

In response to a recent post from Jeff Watson, I said “I don’t believe markets can be accurately predicted. I have not yet seen any evidence that proves me wrong and would appreciate learning from those who have access to such science or methods. Markets are not subject to natural laws. My objective is to lose as little purchasing power over time as possible. I have not found a way to accurately [and consistently] predict even a single future price.”

Rocky Humbert, the legendary speculator and curmudgeon, promptly responded with “I tend to agree with you, but your statement as composed could also be applied to the existence of G-d. Based on your blog, I know you to be a man of faith. How does one reconcile (”using science or methods”) the lack of faith in the predictability of markets with a faith in G-d? Or perhaps is this logically consistent?”

I am happy that my faith has come through my previous posts and thank Rocky for asking this question.

1. I have not seen any federal funding for research into existence of God in recent times. Basic science research goes nowhere without massive funding. I certainly do not propose adding yet another line item to the already gargantuan federal budget that the government believes we can finance but how can one begin to answer profound questions without much scientific study? Perhaps this is like living in the second century and trying to prove the existence of electrons and protons and the genome.

2. I have no irrefutable way to prove the existence of God aside from the miracles in my own life. Some of my reasons for having faith in God are documented here. Having faith and having proof are two different matters. Did everything happen a certain way for me by mere coincidence? Some may say that random events can line up perfectly and repeatedly. Others may say that hard work or luck is the cause. I find it easier to believe that an omnipotent God whose reasons I may not understand has arranged everything for a certain purpose. I have no internal struggle about my faith in God despite the lack of scientific verifiable proof.

3. Penn State Clips mentions interesting “Books like Gerald L. Schroeder’s The Science of God: The Convergence of Scientific and Biblical Wisdom, Francis Collins’ The Language of God: A Scientist Presents Evidence for Belief, and the various works of Josh McDowell and Lee Strobel.” Then continues with a very nice point “I agree with you that the beauty of nature is, to me, a proof of God’s existence. It strains credulity for me to believe that the beauty and complexity of all of creation came about by chance. And we only get to see the tiny fraction here on Earth!”

4. I believe that market cycles can be understood by humans who take part in such cycles. I also believe that in the long run people will benefit from diversifying their postponed expenditures in different asset classes. Beating the markets every single year or month or quarter or in the long run probably matters little. Furthermore, I have little faith that the current binary computer models can reliably predict the complex interrelationships in ever changing markets. An interesting read may be the uncertainty principle.

5. Since I am not on a mission to prove anyone anything, I can write my thoughts at the current time based on my limited life and experiences. Some may believe that markets are completely predictable and may even be able to “win” with their systems. I wish they will choose to share their “proofs” as those works may become cornerstones of new and amazing human discoveries and progress. Others may feel God’s love and grace are the “opium” the simple ones like me need to get through life. Certainly evolution will not be quick enough in that deep hole at the time of greatest despair or in the moment of amazing joy to revert the species to the mean. When I read what I wrote last year, I laugh. Maybe a year from now I will laugh about this post.

6. I welcome all thoughts, opinions, debates and proofs. I accept everyone the way I hope God will accepts me with all my flaws, opinions, and thoughts.

I realize that this is probably not the rock solid evidence or reconciliation that Rocky may have been expecting but felt it was better to post rather than have it in the draft folder forever.

Footsteps Into The Sky by ~oruwu

Friday night is finally here. As usual, I am exhausted and completely drained and feel the need to write a few words to get my energy back. First, earlier this week my son taught me another lesson already learned many times. After much thought he decided to spend his entire savings of almost $100 on a Lego Star Wars kit with over 900 pieces. The cashier at the store counted quite a few pennies, dimes, nickels, quarters before handing over the kit to him. On the way home, I asked him how long he had been saving this money. “Three years!” he answered without hesitation. He had built many kits but this one had more pieces than all others. With fascination and excitement he started on this new project just as soon as he could but not long after displayed much frustration and stress from being unable to find the right pieces in the oddly shaped multicolored piles in front of him. I “helped” him by sorting the pieces in piles by color but that helped little and he grew even more frustrated in the process. I checked today and he had completed three quarters of the project. Stress and discomfort are relative to our capabilities and the complexity of the challenges we face. I remind myself – that which was a challenge yesterday is no longer a challenge today and that which is a challenge today will not be a challenge tomorrow.

The second thought I wanted to share is the total frustration I sometimes feel regarding many world events, American and Armenian politics, history and the present but the discomfort and the stress come from my inability to fix the problems and worst of all my inability in some cases to determine the best solution as in most cases all the solutions along a spectrum have been tried throughout history and have failed for different reasons. This is an issue from global politics, to local town and workplace issues, to family issues, and internal conflicts. The chess game is known, has been played before but one is unable to come up with a new creative set of moves and even if s/he can make the game changer move someone will invariably lose. I find that there is urge to give up or care less just because I cannot fix the problem. I also notice that sometimes the problem doesn’t bother me so much for me to drop all else and devote a life to it which is what I believe it would take in most cases. Multiply these personal views by hundreds, thousands, and millions of people and you have the true nature of our problems. One person’s contribution or lack of contribution makes little difference but when we all feel unable to make a meaningful difference, we end up watching TV or writing a blog post instead. I admire people who despite the above challenges wake up in the morning and devote their days to making this world a better place for the rest of us. In the roles given to me I do my best.

The third thought I wanted to share is that of the final outcome always being determined by the series of very small insignificant unimportant decisions and steps along the way. We tend to want to find one collosal mistake or one great step that changes the course of history of one life or the world. We want to place blame on one person or a group of people or one of the decisions or one set of actions which we label as the crucial ones. Even in making/losing money, we are more excited by big bangs and get-rich-quick thoughts rather than by pennies saved and earned and not lost in our daily lives. The great news is that aside from major accidents and other environmental issues, most missteps can be corrected, most issues can be overcome with small incremental steps in the right direction. Failed products and projects do not fail overnight. Booms and busts are not overnight events. Children do not excel or fail because of one thing we did or didn’t do. It is that constant steam of decisions, actions, events, stimuli and responses that determines what we have, what we do, and what we are.

White Mountain River 1 by *ellensama

After spending a few days in the mountains of the neighboring state with the distinguished motto “Live Free or Die,” we are back to our daily routines. The mountains and the fresh air seem to have certain healing powers… well at least for the mind and the spirit. Spending time with the family was definitely a treat forcing me to count my blessings more than once during the trip. Upon our return, I found the usual giant stack of blog posts, hundreds of e-mails, news articles and the never-ending list of projects waiting for me. One step at a time, one task and project at a time, I’ll get these completed as usual. But why is vacation time so different from non-vacation time?

Ten years ago when we went on vacation, we’d somehow always manage to stay at a place that seemed nicer than our house. It seemed that bringing those amenities or that environment back home would bring the vacation feeling with it. I can confirm that is not the case. We have 26 acres of conservation land with trails in our back yard not unlike the mountains yet we go for walks in the woods maybe half dozen times per year. While my wife and children go to the beach a few times a week during the summer, I somehow end up there maybe once or twice a month. After building everything the way we wanted, we find little time to enjoy everything we have built.

Ten years ago, on the road to Hana I remember pulling over to use a payphone to check on the status of an important client project. Last week free wi-fi and the iPhone made it a challenge to restrain myself from carrying on with daily routines. Ten years ago in St. Thomas, I was reading Ben Franklin’s autobiography, printed book borrowed from our library. This time I was reading the same downloaded for free to the Kindle on the iPhone. Ten years ago we took pictures on regular film while past weekend we took pictures on digital film. Technology has improved so much in the past 10 years. However, somehow it has evolved toward giving us access to non-vacation activities while on vacation. One could say that bringing home digital pictures that we can browse at any time helps remind us of the vacation times during non-vacation times. Overall, I sense that technology has made our vacation and non-vacation times more hectic. This reminds me of the great state’s motto. Is there life these days free from constant interruption, full of serenity, peace, in a place that is relaxing and enjoyable?

I remember really struggling with stress a few years ago to the point I could not fall asleep at night. My wife would gently remind me of a really nice day on one of our trips and somehow those memories would magically transport me from the reality of the day to a time and place that was nothing but happiness. Perhaps the change of routine and scenery is what vacations are all about and by definition vacation time must be different from non-vacation time so we can understand the difference. Maybe vacations are the weekends of our years. Maybe they’re God’s way of lifting and holding onto the crosses we carry for a brief moment to help us rest a bit. Whatever the case may be, even a long weekend away is a good idea once in a while.

Ecclesiastes

1

1 The words of the Teacher, son of David, king in Jerusalem: 2 “Meaningless! Meaningless!” says the Teacher. “Utterly meaningless! Everything is meaningless.” 3 What does man gain from all his labor at which he toils under the sun? 4 Generations come and generations go, but the earth remains forever. 5 The sun rises and the sun sets, and hurries back to where it rises. 6 The wind blows to the south and turns to the north; round and round it goes, ever returning on its course. 7 All streams flow into the sea, yet the sea is never full. To the place the streams come from, there they return again. 8 All things are wearisome, more than one can say. The eye never has enough of seeing, nor the ear its fill of hearing. 9 What has been will be again, what has been done will be done again; there is nothing new under the sun. 10 Is there anything of which one can say, “Look! This is something new”? It was here already, long ago; it was here before our time. 11 There is no remembrance of men of old, and even those who are yet to come will not be remembered by those who follow. 12 I, the Teacher, was king over Israel in Jerusalem. 13 I devoted myself to study and to explore by wisdom all that is done under heaven. What a heavy burden God has laid on men! 14 I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. 15 What is twisted cannot be straightened; what is lacking cannot be counted. 16 I thought to myself, “Look, I have grown and increased in wisdom more than anyone who has ruled over Jerusalem before me; I have experienced much of wisdom and knowledge.” 17 Then I applied myself to the understanding of wisdom, and also of madness and folly, but I learned that this, too, is a chasing after the wind. 18 For with much wisdom comes much sorrow; the more knowledge, the more grief.

2

1 I thought in my heart, “Come now, I will test you with pleasure to find out what is good.” But that also proved to be meaningless. 2 “Laughter,” I said, “is foolish. And what does pleasure accomplish?” 3 I tried cheering myself with wine, and embracing folly–my mind still guiding me with wisdom. I wanted to see what was worthwhile for men to do under heaven during the few days of their lives. 4 I undertook great projects: I built houses for myself and planted vineyards. 5 I made gardens and parks and planted all kinds of fruit trees in them. 6 I made reservoirs to water groves of flourishing trees. 7 I bought male and female slaves and had other slaves who were born in my house. I also owned more herds and flocks than anyone in Jerusalem before me. 8 I amassed silver and gold for myself, and the treasure of kings and provinces. I acquired men and women singers, and a harem as well–the delights of the heart of man. 9 I became greater by far than anyone in Jerusalem before me. In all this my wisdom stayed with me. 10 I denied myself nothing my eyes desired; I refused my heart no pleasure. My heart took delight in all my work, and this was the reward for all my labor. 11 Yet when I surveyed all that my hands had done and what I had toiled to achieve, everything was meaningless, a chasing after the wind; nothing was gained under the sun. 12 Then I turned my thoughts to consider wisdom, and also madness and folly. What more can the king’s successor do than what has already been done? 13 I saw that wisdom is better than folly, just as light is better than darkness. 14 The wise man has eyes in his head, while the fool walks in the darkness; but I came to realize that the same fate overtakes them both. 15 Then I thought in my heart, “The fate of the fool will overtake me also. What then do I gain by being wise?” I said in my heart, “This too is meaningless.” 16 For the wise man, like the fool, will not be long remembered; in days to come both will be forgotten. Like the fool, the wise man too must die! 17 So I hated life, because the work that is done under the sun was grievous to me. All of it is meaningless, a chasing after the wind. 18 I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. 19 And who knows whether he will be a wise man or a fool? Yet he will have control over all the work into which I have poured my effort and skill under the sun. This too is meaningless. 20 So my heart began to despair over all my toilsome labor under the sun. 21 For a man may do his work with wisdom, knowledge and skill, and then he must leave all he owns to someone who has not worked for it. This too is meaningless and a great misfortune. 22 What does a man get for all the toil and anxious striving with which he labors under the sun? 23 All his days his work is pain and grief; even at night his mind does not rest. This too is meaningless. 24 A man can do nothing better than to eat and drink and find satisfaction in his work. This too, I see, is from the hand of God, 25 for without him, who can eat or find enjoyment? 26 To the man who pleases him, God gives wisdom, knowledge and happiness, but to the sinner he gives the task of gathering and storing up wealth to hand it over to the one who pleases God. This too is meaningless, a chasing after the wind.

3

1 There is a time for everything, and a season for every activity under heaven: 2 a time to be born and a time to die, a time to plant and a time to uproot, 3 a time to kill and a time to heal, a time to tear down and a time to build, 4 a time to weep and a time to laugh, a time to mourn and a time to dance, 5 a time to scatter stones and a time to gather them, a time to embrace and a time to refrain, 6 a time to search and a time to give up, a time to keep and a time to throw away, 7 a time to tear and a time to mend, a time to be silent and a time to speak, 8 a time to love and a time to hate, a time for war and a time for peace. 9 What does the worker gain from his toil? 10 I have seen the burden God has laid on men. 11 He has made everything beautiful in its time. He has also set eternity in the hearts of men; yet they cannot fathom what God has done from beginning to end. 12 I know that there is nothing better for men than to be happy and do good while they live. 13 That everyone may eat and drink, and find satisfaction in all his toil–this is the gift of God. 14 I know that everything God does will endure forever; nothing can be added to it and nothing taken from it. God does it so that men will revere him. 15 Whatever is has already been, and what will be has been before; and God will call the past to account. 16 And I saw something else under the sun: In the place of judgment–wickedness was there, in the place of justice–wickedness was there. 17 I thought in my heart, “God will bring to judgment both the righteous and the wicked, for there will be a time for every activity, a time for every deed.” 18 I also thought, “As for men, God tests them so that they may see that they are like the animals. 19 Man’s fate is like that of the animals; the same fate awaits them both: As one dies, so dies the other. All have the same breath; man has no advantage over the animal. Everything is meaningless. 20 All go to the same place; all come from dust, and to dust all return. 21 Who knows if the spirit of man rises upward and if the spirit of the animal goes down into the earth?” 22 So I saw that there is nothing better for a man than to enjoy his work, because that is his lot. For who can bring him to see what will happen after him?

4

1 Again I looked and saw all the oppression that was taking place under the sun: I saw the tears of the oppressed– and they have no comforter; power was on the side of their oppressors– and they have no comforter. 2 And I declared that the dead, who had already died, are happier than the living, who are still alive. 3 But better than both is he who has not yet been, who has not seen the evil that is done under the sun. 4 And I saw that all labor and all achievement spring from man’s envy of his neighbor. This too is meaningless, a chasing after the wind. 5 The fool folds his hands and ruins himself. 6 Better one handful with tranquillity than two handfuls with toil and chasing after the wind. 7 Again I saw something meaningless under the sun: 8 There was a man all alone; he had neither son nor brother. There was no end to his toil, yet his eyes were not content with his wealth. “For whom am I toiling,” he asked, “and why am I depriving myself of enjoyment?” This too is meaningless– a miserable business! 9 Two are better than one, because they have a good return for their work: 10 If one falls down, his friend can help him up. But pity the man who falls and has no one to help him up! 11 Also, if two lie down together, they will keep warm. But how can one keep warm alone? 12 Though one may be overpowered, two can defend themselves. A cord of three strands is not quickly broken. 13 Better a poor but wise youth than an old but foolish king who no longer knows how to take warning. 14 The youth may have come from prison to the kingship, or he may have been born in poverty within his kingdom. 15 I saw that all who lived and walked under the sun followed the youth, the king’s successor. 16 There was no end to all the people who were before them. But those who came later were not pleased with the successor. This too is meaningless, a chasing after the wind.

5

1 Guard your steps when you go to the house of God. Go near to listen rather than to offer the sacrifice of fools, who do not know that they do wrong. 2 Do not be quick with your mouth, do not be hasty in your heart to utter anything before God. God is in heaven and you are on earth, so let your words be few. 3 As a dream comes when there are many cares, so the speech of a fool when there are many words. 4 When you make a vow to God, do not delay in fulfilling it. He has no pleasure in fools; fulfill your vow. 5 It is better not to vow than to make a vow and not fulfill it. 6 Do not let your mouth lead you into sin. And do not protest to the temple messenger, “My vow was a mistake.” Why should God be angry at what you say and destroy the work of your hands? 7 Much dreaming and many words are meaningless. Therefore stand in awe of God. 8 If you see the poor oppressed in a district, and justice and rights denied, do not be surprised at such things; for one official is eyed by a higher one, and over them both are others higher still. 9 The increase from the land is taken by all; the king himself profits from the fields. 10 Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless. 11 As goods increase, so do those who consume them. And what benefit are they to the owner except to feast his eyes on them? 12 The sleep of a laborer is sweet, whether he eats little or much, but the abundance of a rich man permits him no sleep. 13 I have seen a grievous evil under the sun: wealth hoarded to the harm of its owner, 14 or wealth lost through some misfortune, so that when he has a son there is nothing left for him. 15 Naked a man comes from his mother’s womb, and as he comes, so he departs. He takes nothing from his labor that he can carry in his hand. 16 This too is a grievous evil: As a man comes, so he departs, and what does he gain, since he toils for the wind? 17 All his days he eats in darkness, with great frustration, affliction and anger. 18 Then I realized that it is good and proper for a man to eat and drink, and to find satisfaction in his toilsome labor under the sun during the few days of life God has given him–for this is his lot. 19 Moreover, when God gives any man wealth and possessions, and enables him to enjoy them, to accept his lot and be happy in his work–this is a gift of God. 20 He seldom reflects on the days of his life, because God keeps him occupied with gladness of heart.

6

1 I have seen another evil under the sun, and it weighs heavily on men: 2 God gives a man wealth, possessions and honor, so that he lacks nothing his heart desires, but God does not enable him to enjoy them, and a stranger enjoys them instead. This is meaningless, a grievous evil. 3 A man may have a hundred children and live many years; yet no matter how long he lives, if he cannot enjoy his prosperity and does not receive proper burial, I say that a stillborn child is better off than he. 4 It comes without meaning, it departs in darkness, and in darkness its name is shrouded. 5 Though it never saw the sun or knew anything, it has more rest than does that man– 6 even if he lives a thousand years twice over but fails to enjoy his prosperity. Do not all go to the same place? 7 All man’s efforts are for his mouth, yet his appetite is never satisfied. 8 What advantage has a wise man over a fool? What does a poor man gain by knowing how to conduct himself before others? 9 Better what the eye sees than the roving of the appetite. This too is meaningless, a chasing after the wind. 10 Whatever exists has already been named, and what man is has been known; no man can contend with one who is stronger than he. 11 The more the words, the less the meaning, and how does that profit anyone? 12 For who knows what is good for a man in life, during the few and meaningless days he passes through like a shadow? Who can tell him what will happen under the sun after he is gone?

7

1 A good name is better than fine perfume, and the day of death better than the day of birth. 2 It is better to go to a house of mourning than to go to a house of feasting, for death is the destiny of every man; the living should take this to heart. 3 Sorrow is better than laughter, because a sad face is good for the heart. 4 The heart of the wise is in the house of mourning, but the heart of fools is in the house of pleasure. 5 It is better to heed a wise man’s rebuke than to listen to the song of fools. 6 Like the crackling of thorns under the pot, so is the laughter of fools. This too is meaningless. 7 Extortion turns a wise man into a fool, and a bribe corrupts the heart. 8 The end of a matter is better than its beginning, and patience is better than pride. 9 Do not be quickly provoked in your spirit, for anger resides in the lap of fools. 10 Do not say, “Why were the old days better than these?” For it is not wise to ask such questions. 11 Wisdom, like an inheritance, is a good thing and benefits those who see the sun. 12 Wisdom is a shelter as money is a shelter, but the advantage of knowledge is this: that wisdom preserves the life of its possessor. 13 Consider what God has done: Who can straighten what he has made crooked? 14 When times are good, be happy; but when times are bad, consider: God has made the one as well as the other. Therefore, a man cannot discover anything about his future. 15 In this meaningless life of mine I have seen both of these: a righteous man perishing in his righteousness, and a wicked man living long in his wickedness. 16 Do not be overrighteous, neither be overwise– why destroy yourself? 17 Do not be overwicked, and do not be a fool– why die before your time? 18 It is good to grasp the one and not let go of the other. The man who fears God will avoid all extremes. 19 Wisdom makes one wise man more powerful than ten rulers in a city. 20 There is not a righteous man on earth who does what is right and never sins. 21 Do not pay attention to every word people say, or you may hear your servant cursing you– 22 for you know in your heart that many times you yourself have cursed others. 23 All this I tested by wisdom and I said, “I am determined to be wise”– but this was beyond me. 24 Whatever wisdom may be, it is far off and most profound– who can discover it? 25 So I turned my mind to understand, to investigate and to search out wisdom and the scheme of things and to understand the stupidity of wickedness and the madness of folly. 26 I find more bitter than death the woman who is a snare, whose heart is a trap and whose hands are chains. The man who pleases God will escape her, but the sinner she will ensnare. 27 “Look,” says the Teacher, “this is what I have discovered: “Adding one thing to another to discover the scheme of things– 28 while I was still searching but not finding– I found one upright man among a thousand, but not one upright woman among them all. 29 This only have I found: God made mankind upright, but men have gone in search of many schemes.”

8

1 Who is like the wise man? Who knows the explanation of things? Wisdom brightens a man’s face and changes its hard appearance. 2 Obey the king’s command, I say, because you took an oath before God. 3 Do not be in a hurry to leave the king’s presence. Do not stand up for a bad cause, for he will do whatever he pleases. 4 Since a king’s word is supreme, who can say to him, “What are you doing?” 5 Whoever obeys his command will come to no harm, and the wise heart will know the proper time and procedure. 6 For there is a proper time and procedure for every matter, though a man’s misery weighs heavily upon him. 7 Since no man knows the future, who can tell him what is to come? 8 No man has power over the wind to contain it; so no one has power over the day of his death. As no one is discharged in time of war, so wickedness will not release those who practice it. 9 All this I saw, as I applied my mind to everything done under the sun. There is a time when a man lords it over others to his own hurt. 10 Then too, I saw the wicked buried–those who used to come and go from the holy place and receive praise in the city where they did this. This too is meaningless. 11 When the sentence for a crime is not quickly carried out, the hearts of the people are filled with schemes to do wrong. 12 Although a wicked man commits a hundred crimes and still lives a long time, I know that it will go better with God-fearing men, who are reverent before God. 13 Yet because the wicked do not fear God, it will not go well with them, and their days will not lengthen like a shadow. 14 There is something else meaningless that occurs on earth: righteous men who get what the wicked deserve, and wicked men who get what the righteous deserve. This too, I say, is meaningless. 15 So I commend the enjoyment of life, because nothing is better for a man under the sun than to eat and drink and be glad. Then joy will accompany him in his work all the days of the life God has given him under the sun. 16 When I applied my mind to know wisdom and to observe man’s labor on earth–his eyes not seeing sleep day or night– 17 then I saw all that God has done. No one can comprehend what goes on under the sun. Despite all his efforts to search it out, man cannot discover its meaning. Even if a wise man claims he knows, he cannot really comprehend it.

9

1 So I reflected on all this and concluded that the righteous and the wise and what they do are in God’s hands, but no man knows whether love or hate awaits him. 2 All share a common destiny–the righteous and the wicked, the good and the bad, the clean and the unclean, those who offer sacrifices and those who do not. As it is with the good man, so with the sinner; as it is with those who take oaths, so with those who are afraid to take them. 3 This is the evil in everything that happens under the sun: The same destiny overtakes all. The hearts of men, moreover, are full of evil and there is madness in their hearts while they live, and afterward they join the dead. 4 Anyone who is among the living has hope–even a live dog is better off than a dead lion! 5 For the living know that they will die, but the dead know nothing; they have no further reward, and even the memory of them is forgotten. 6 Their love, their hate and their jealousy have long since vanished; never again will they have a part in anything that happens under the sun. 7 Go, eat your food with gladness, and drink your wine with a joyful heart, for it is now that God favors what you do. 8 Always be clothed in white, and always anoint your head with oil. 9 Enjoy life with your wife, whom you love, all the days of this meaningless life that God has given you under the sun–all your meaningless days. For this is your lot in life and in your toilsome labor under the sun. 10 Whatever your hand finds to do, do it with all your might, for in the grave, where you are going, there is neither working nor planning nor knowledge nor wisdom. 11 I have seen something else under the sun: The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to the learned; but time and chance happen to them all. 12 Moreover, no man knows when his hour will come: As fish are caught in a cruel net, or birds are taken in a snare, so men are trapped by evil times that fall unexpectedly upon them. 13 I also saw under the sun this example of wisdom that greatly impressed me: 14 There was once a small city with only a few people in it. And a powerful king came against it, surrounded it and built huge siegeworks against it. 15 Now there lived in that city a man poor but wise, and he saved the city by his wisdom. But nobody remembered that poor man. 16 So I said, “Wisdom is better than strength.” But the poor man’s wisdom is despised, and his words are no longer heeded. 17 The quiet words of the wise are more to be heeded than the shouts of a ruler of fools. 18 Wisdom is better than weapons of war, but one sinner destroys much good.

10

1 As dead flies give perfume a bad smell, so a little folly outweighs wisdom and honor. 2 The heart of the wise inclines to the right, but the heart of the fool to the left. 3 Even as he walks along the road, the fool lacks sense and shows everyone how stupid he is. 4 If a ruler’s anger rises against you, do not leave your post; calmness can lay great errors to rest. 5 There is an evil I have seen under the sun, the sort of error that arises from a ruler: 6 Fools are put in many high positions, while the rich occupy the low ones. 7 I have seen slaves on horseback, while princes go on foot like slaves. 8 Whoever digs a pit may fall into it; whoever breaks through a wall may be bitten by a snake. 9 Whoever quarries stones may be injured by them; whoever splits logs may be endangered by them. 10 If the ax is dull and its edge unsharpened, more strength is needed but skill will bring success. 11 If a snake bites before it is charmed, there is no profit for the charmer. 12 Words from a wise man’s mouth are gracious, but a fool is consumed by his own lips. 13 At the beginning his words are folly; at the end they are wicked madness– 14 and the fool multiplies words. 15 A fool’s work wearies him; he does not know the way to town. 16 Woe to you, O land whose king was a servant and whose princes feast in the morning. 17 Blessed are you, O land whose king is of noble birth and whose princes eat at a proper time– for strength and not for drunkenness. 18 If a man is lazy, the rafters sag; if his hands are idle, the house leaks. 19 A feast is made for laughter, and wine makes life merry, but money is the answer for everything. 20 Do not revile the king even in your thoughts, or curse the rich in your bedroom, because a bird of the air may carry your words, and a bird on the wing may report what you say.

11

1 Cast your bread upon the waters, for after many days you will find it again. 2 Give portions to seven, yes to eight, for you do not know what disaster may come upon the land. 3 If clouds are full of water, they pour rain upon the earth. Whether a tree falls to the south or to the north, in the place where it falls, there will it lie. 4 Whoever watches the wind will not plant; whoever looks at the clouds will not reap. 5 As you do not know the path of the wind, or how the body is formed in a mother’s womb, so you cannot understand the work of God, the Maker of all things. 6 Sow your seed in the morning, and at evening let not your hands be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well. 7 Light is sweet, and it pleases the eyes to see the sun. 8 However many years a man may live, let him enjoy them all. But let him remember the days of darkness, for they will be many. Everything to come is meaningless. 9 Be happy, young man, while you are young, and let your heart give you joy in the days of your youth. Follow the ways of your heart and whatever your eyes see, but know that for all these things God will bring you to judgment. 10 So then, banish anxiety from your heart and cast off the troubles of your body, for youth and vigor are meaningless.

12

1 Remember your Creator in the days of your youth, before the days of trouble come and the years approach when you will say, “I find no pleasure in them”– 2 before the sun and the light and the moon and the stars grow dark, and the clouds return after the rain; 3 when the keepers of the house tremble, and the strong men stoop, when the grinders cease because they are few, and those looking through the windows grow dim; 4 when the doors to the street are closed and the sound of grinding fades; when men rise up at the sound of birds, but all their songs grow faint; 5 when men are afraid of heights and of dangers in the streets; when the almond tree blossoms and the grasshopper drags himself along and desire no longer is stirred. Then man goes to his eternal home and mourners go about the streets. 6 Remember him–before the silver cord is severed, or the golden bowl is broken; before the pitcher is shattered at the spring, or the wheel broken at the well, 7 and the dust returns to the ground it came from, and the spirit returns to God who gave it. 8 “Meaningless! Meaningless!” says the Teacher. “Everything is meaningless!” 9 Not only was the Teacher wise, but also he imparted knowledge to the people. He pondered and searched out and set in order many proverbs. 10 The Teacher searched to find just the right words, and what he wrote was upright and true. 11 The words of the wise are like goads, their collected sayings like firmly embedded nails–given by one Shepherd. 12 Be warned, my son, of anything in addition to them. Of making many books there is no end, and much study wearies the body. 13 Now all has been heard; here is the conclusion of the matter: Fear God and keep his commandments, for this is the whole duty of man. 14 For God will bring every deed into judgment, including every hidden thing, whether it is good or evil.

Federal Reserve by ~Venar

After years of focusing on nano-economics (too small to call it micro) of my little family, I went on a pleasant trip down the macro-economics lane today. At the end of it I realized that I must have slept through the undergraduate class on Federal Reserve monetizing the nation’s debt because I was “surprised” to see almost a trillion dollars of Treasury obligations on the asset side of the Fed’s balance sheet. Its Annual Report is about 400 pages but the numbers on page 315 are fascinating when contrasted with the numbers on page 322. This video provides a very basic overview of what money is, how it’s created and destroyed.

These are some simple observations:

1. The dollar is backed by debt obligation of our government – no debt > no dollars.
2. Gold mining could not produce enough gold to sustain the growth we needed giving way to the current system.
3. I understand the home mortgage deduction (and why it’s not a home mortgage full repayment deduction). Mortgages are good things as far as our system is concerned. The bank does not need a foreclosed house because that cannot be used as collateral with the Fed to meet the reserve requirements.
4. All other governments are married to the almighty dollar. For example, Russia had to spend billions of dollars in foreign currency reserves to defend its Ruble.
5. We pay thin air for the natural resources and efforts of other countries (oil from middle east, for example).
6. Our current troubles are in part from bad loans getting in the way of the money multiplier.
7. I would need another lifetime to begin to understand the current and past monetary systems, let alone make recommendations for changes.

In the meantime, I made the following comment in an e-mail yesterday:

I have come to think of money as some kind of a complex score in a game – and not much more. The higher the score, the better the player is at the game. Since the game rules are far out of my reach, I try to waste as few cycles as possible on changes I cannot implement but at least two elements bother me:

1. The devastation brought upon many people who fail in the game (real suffering from game “score” issues)
2. The incredible amounts of time (of our life – the real value which we cannot increase in any way) spent in playing the game for maintaining or increasing our scores

One more element bothers me but I did not mention it. People who are not the best at the game (myself in the list) sometimes feel that they are not good for anything. That could not be farther from the truth. My mother never had or paid attention to money and she was …. again searching for words to represent her true greatness.

When others say that time is money, I think the reverse. Money is time, actually. It’s the effort spent every day on earning a living. Here I have to say I feel bad for seniors who after decades of work got 50% cuts in their retirement accounts in the past year and are considering to continue working longer. They have every right to be mad at the system, the government, the brokers, the cheaters, the fund managers, and everyone else because time is what they have lost. Money can be created, but time cannot be created.

Unfortunately, time cannot be taxed (it would be a form of slavery). Therefore, it is converted to money which is then taxed. As a citizen of this great country, I actually like to pay taxes at all levels of government. The higher the tax bills, the higher our score and the better we’re playing the game. My earlier observation is not about the country but for the world as a whole.

Around the same topic, I must remember my uncles living in a small village where my father grew up. There was one little non-functioning store there at the time. Their basic existence revolved around the bounty of the land and their animals which were loved like family members – no money, no tax, no government, hardly a road, no shopping malls, no technological innovation, no Internet, no computer, no indoor plumbing (in the earlier years), no gym memberships, no stocks or bonds, no fancy cars or elaborate houses, but still a pretty happy life.

Little Boat by ~to-shreds

The year before my mother passed away, she taught my son a song about a little boy and his toy ship. Every time I hear the song (“Im pokrik navak” here), I remember my childhood. I remember my mother and her words here and there that in hindsight seem to all have had a purpose. She would sometimes make a comment about something that seemed irrelevant or unimportant at the time. Looking back those comments were carefully crafted statements about important life issues delivered in the right context at the right time.

I’m sorry to butcher the beauty of the song but feel that even a crude translation is relevant:

Created the little boy
A white paper ship.
He lowered the ship
Onto the waves of the river.

My little ship, my little ship,
Will you reach indeed the blue sea?
My little ship, my little ship,
Will you reach indeed the blue sea?

My little ship, my little ship,
Where are you, where are you going?
Where are they, where are they taking you
The crazy waves of the river?

My little ship, my little ship,
Will you reach indeed the blue sea?
My little ship, my little ship,
Will you reach indeed the blue sea?

The sun disappeared,
Behind the clouds it went.
Rain fell from the sky
And the little river flooded.

My little ship, my little ship,
Did you reach indeed the blue sea?
Or on the way drowned you the wind
And you fell asleep at the bottom of the river?

My little ship, my little ship,
Did you reach indeed the blue sea?
Or on the way drowned you the wind
And you fell asleep at the bottom of the river?

In a conversation with a friend I mentioned that one of my hopes is to live an uneventful and simple life in uninteresting times. In Armenian history every generation has faced some calamity, a disaster, a socioeconomic upheaval, and suffering. I briefly mentioned this here.

Try to plant a seed in a garden. The more fertile the soil, the higher the output of the plant. Disturb the soil or the roots, and risk ending up with a shocked plant. Storms, bugs, and looters can kill even the strongest plants. Fail to harvest, support, and feed the plants, and risk having a poor outcome. People who want to get very rich want to get too much fertilizer in the garden metaphor which can kill a plant. Others who focus on one aspect of life at expense of others (time being limited and constant) choose one type of food in the garden metaphor at the expense of other nutrients resulting in an overly green plant with no fruit, or some other deficiency.

Another friend of mine said that he would go and fight for his country. I said “I hope you never have to make that choice.”

I hope the waves in your life are nothing you cannot handle.