Another ATH; advice to a young son
yet another all-time hi in s&p. since 2011 there have been 857 20-day highs and 2925 not highs. this one preceded as is typical by a big move up in fixed income prices — Dimson and Lorie remain supreme.
advice to a young son from an 80+ old father who have been thru Heaven and Hades.
- be humble.
- follow drift upward in stocks.
- learn and practice 5 martial arts.
- Keep moving, e.g., running.
- Marry a girl who you are harmonious with.
- don't get in over your head.
- your family is your major and perhaps only loyal support you can count on.
- wear a hat.
- always be learning. listen and learn.
- stay away from hoodoos.
- eat fish in high proportion to meat.
- get a CEA test before colonoscopy.
- read good books often. my faves are: Don Quixote, The Time It Never Rained, nature books from Bernd Heinrich, like Why We Run.
- count whenever you can. read the autobio of Francis Galton or Pearson's bio of him.
- Be courageous.
- Find a good mentor. Ming is a good one.
9a: follow the head in your brain not the one in your balls.
9b: always learn.
9b: stay away from hoodoos: try to inculcate friends and mentors who are productive and positive.
9c: eat a higher proportion of fish to meat: Ming and your mothers are good mentors.
- Try not to initiate or be sued. Lawyers the most untrustworthy professional. accountants are most trustworthy. Thus one of your mentors should be an accountant.
- Spend as much time loving and building a young one up (say under 6).
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Be receptive to and build life-time relations with an Asian Girl.
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listen to and try to play great music.
- enjoy and seek out great art. my favs and Hudson River art and N.C Wyeth.
17c: find a good doctor and accountant.
17d: try to settle all your disputes: lawyers and courts are too expansive and uncertain.
17e: keep moving especially running.