A moment of reflection…

In many cases, I find it very helpful to start fresh from a clean slate. My mother’s strict rules of neatness and cleanliness, or my father’s requirements for order in everything, or some genetic switch someplace on either or both sides of the family tree have resulted in what my wife calls a clear case of OCD. As expected, I am convinced that this need for order is not a disorder (she thought “auditory” as she finished reading that)…

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…

I am returning home from sunny California after flying here for an all day meeting. Many years ago I used to imagine business travel to be an exciting and glamorous adventure. These days I try to get as much done via phone conferences as possible. Travel gives me a bit more time to think; and the thought that will not leave me alone recently is a line I read in Franklin’s autobiography during our vacation…

My beautiful wife runs the Armenian Sunday school at our church. Last night was their main annual fundraiser. This time I was helping an Armenian family originally from Iran make the koobideh. In the process I heard their story of running from Iran, walking fifteen days in a desert to Pakistan, running from Pakistan to Singapore, from there to Germany as refugees, from there to the United States…