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…

“Not everything that counts can be counted, and not everything that can be counted counts.” ~ Albert Einstein

If you have something important to convey, just say Einstein said it or it’s one of Franklin’s quotes. I don’t know for sure who said the above but it made sense to me especially given this little experience yesterday.

My six-year-old knows how to play chess and recently has started making me think harder…

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…

Earlier I wrote about separating the wheat from the chaff but today a few sentences in comments of a post provided much food for thought. The lens of our minds often paint a very distorted picture of ourselves and, as a result, of others and the world around us. Unfortunately, since we only have a single point of reference, it is difficult for many of us to catch…

On my drive home this morning, I was thinking about my greatest daily challenge. This is an activity that consumes significant amount of processing power of my brain yet happens almost completely subconsciously without impacting anything else. It is like the markets – never completely understood, conquered, or tamed, yet having significant impact on our lives…