"For I say there is no other thing that is worse than the sea for breaking a man, even though he may a very strong one." - Homer, The Odyssey
"You cannot control the wind, but you can control your sails." - Sailing Axiom
"Don't fight forces, use them." - R. Buckminster Fuller
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‘Freedom is from Within’ - Frank Lloyd Wright
‘When pride comes, then comes disgrace, but with humility comes wisdom.’ - Proverbs 11:2
'Cause we all have wings - but some of us don't know why’ - INXS - Never Tear Us Apart
——————————
O U T L I N E
Opening Caveat
*** Gente en Obra - Under Construction ***
Goal to move out this work asap to document a potential opportunity -
Currently working at Chevron as a gas attendant / selling insurance and meeting People's Republic of California state obligations...
Surf Goal 2023 / Balanced Healthy Life
XAU historic valuation this past summer
"The monetary standard is closely linked to the moral standard and, as such, determines the fate of humanity." - Ferdinand Lips
1. Introspection - Begin with the end in Mind
2. Heritage & Culture [stand under - he who controls the past… know thyself]
3. Philosophy - Mentorship
4. CYCLES Back to the Future [cycles] - State Intervention - Force / distortions
5. Opportunities in Crisis / Contrarian [legal theft - living w/corruption]
6. Market Sentiment / Cognitive Biases [nothing new under the sun - mania]
7. Human Action - Equitable Solutions [making corruption your friend]
8. Balance & Entrepreneurialism [more than one life - art / physical]
9. Healthy Pain - Learning to Enjoy Feeling Alive with Natural Solutions
10. Service to Producers [teaching to fish]
11. Time is on Our Side [3 points/what, where & who] Travel, Embrace Wisdom
12. Kill your Television / Military Weapon
13. Morals & Values [vs Dogma] - Benjamin Graham 2 ‘Rational Buddhism’ [Naval] 'everyone knows the price - not the value'
"Experience is the name everyone gives to their mistakes." - Oscar Wilde
You are either a contrarian or a victim. * The lesson was evident as the steel handcuffs tightened down on our wrists. Harnessed to other inmates in preparation for transport to another ‘Reentry’ Facility down on the Mexican Border was instructive. Inmate politics ensured my departure from comfortable trustee status in a North County San Diego inmate center. A conversation over ethics and the corrupt principals of majority (mob) rule could have added to my acceleration back to general population wearing a blue uniform. Past experiences driving the pacific highway seeing the prisoner busses in black & white were now dreams. Never did imagine I’d reach the destination of losing all sovereign freedoms so swiftly. Facing a fearful chapter can be a tremendous gift.
‘When I let go of what I am, I become what I might be.’ - Lao Tzu
*This prominent quote by a reputable resource investment manager best summarized my situation on a dark and cold evening in January of 2016
In challenging times its best to be grounded with many tools at one's disposal. Upon arrival of my new high tech gladiator home* I was approached by three young men with colorful tattoos exhibiting their heritage. Fortunately, a past client within the Navy Special Forces had instructed tactics when addressing such situations:
Vulnerable points exist all over the body but remember that the greatest number of them exist from the collarbones up. Within this relatively small area of the neck, you have: Two carotid arteries that feed blood to the brain.
- When backed into a corner and prepared (few months of pushups & body preparation) one may be surprised what can be accomplished. A better understanding was established between my new friends regarding personal space and elderly respect. A key lesson can be drawn from the business principles outlined by Doug Casey:
1. Do all that you say you’re going to do.
2. Don’t aggress against other people or their personal property.
The three banditos eventually became acquaintances near my upstairs level proving once again - we all can get along. Every day was an evolution “to secure peace is to prepare for war.” [3]
Ludwig Von Mises speaks of a successful individuals volition driven mostly at the aims of the future rather than being ruled by causes from the immediate past.
Oakland Raiders - Cheating is Encouraged. “Find a way to get it done.” - Matt Millen
Von Mises teaches the incentive that impels a man to act is always some uneasiness. [1]
* Understanding this is jail and not California Prison or ‘The Big House’
Confinement around stale air among no books or healthy food and water was the real nightmare. Fetidity can putrid teacher & relentless motivator.
Entering the California penal system for DUI was constructive to stop a 3 plus year binge drinking myself to death.
In jail one gets to focus on push-ups, chess, reading and if you are lucky to be a trustee to receive and serve new laundry to some dangerous looking individuals in isolation.
Reading Thoreau, Ayn Rand, Dr. Marc Faber & Malcom X were envisioned thru a new extreme clarity.
No cell phones. Hard cold cement. Sourcing nutrients where possible working in the kitchen at $0.50 / hour.
Hi -
My name is Chris Sumner > not 'summers' - this was my name in bootcamp. Quick review of my family name was a plural season. Our family came on boats as immigrants, different than migrants, seeking skin in the game in a new world.
This Book has to be put together quickly as I'm currently working 2 jobs in sales consulting and as a Chevron gas station attendant in the evenings. Added obligations to The People's Republic of California for the offense of riding a KLR650 adventure motorcycle w/surf rack home from a Mexican Cantina despues de my mi parte of Margaritas ['lil Spanglish never hurt]. The comeback has been proceeding but the loss of spirituality in the summer of 2021 - all led by hubris & ego - ensured another chapter in the saga of self-sabotage.
The cool thing about going for it in life is that you may have some incredible experiences. Passions as a young boy were to be somewhere between Frank Lloyd Wright and Tom Curren [U.S. 3x surfing champion & artist]. Years later upon inspection and building up after tearing down I recognized:
- - Survived numerous broken bones from trees and skateboards & high-speed navigation of a Honda ATV into a tree in Rutland, VT.
- - Part of the 1988 Massachusetts State Lacrosse Championship Team.
- - Decked Paul Gate on an incorrect slide as a Plebe defenseman to make the Division 1 team at Navy/USNA Annapolis [slowest guy on the team].
- Convinced NAVSUPPAC on mission critical importance of Books & Compaq Discs to Navy Exchange Diego Garcia, British East India [Company] Territory in 1994.
- - Renovated a 1913 bungalow in a historic copper mining town while sleeping out of my Toyota 4Runner at Honeywell Commercial Air.
- - Learned to proficiently longboard at age 30 > Lived in a 2002 VW Eurovan > focusing water time & capital structure in financial markets with a NYC Brokerage.
- Stand up paddle surfing with Gerry Lopez before a contest in San Onofre, California [friend of a friend] witnessing a Great White coming out of the Pacific.
- Shared a laugh over a beer with surfer Col Bill Kilgore [Robert Duvall - Apocalypse Now] in Buenos Aires.
- Somehow own a few accretive properties in high-net-worth South America.
- Initiated build / design a Japanese Garden > commercial property in Uruguay based upon principles around a transformative visit to The Great Kamakura in Japan [USN paid business trip].
Title chosen for this report around considerations for those seeking moving the needle in life.
This book is not about a Four-Hour Work Week or trading positions in preparation for the end of the world [immanent vs eventual].
One major virtue Capital flow for is providing utility to those who have built large sums of wealth in in assets. Creating bottom-up equitable solutions closest to production base is used to be commonplace.
Axiom of Producers is Human Action [Von Mises]
Endless number of Podcasts today. This isn't about how to skip price discovery of capital or how to ensure multiple insolvent government boot camps or fortunes from trading digital sardines thus being a self-proclaimed 'leader.'
Just as no schadenfreude for those currently suffering also sleep well with no interest in envy.
Requested Robby Naish for the cover - Balanced / Principled life. Passion & Constructive part to serve the peaceful free market.
Young people use energy to gain secret knowledge thru action / energy.
Gain a distinctive perspective on the shifts in the macro / larger seas.
No soothsayer predictions or projections based upon what learned thru research
Katusa - Unethical Carbon Credits - Greed trading > Elements building digital prison
Warning / Lessons for youth > Be careful how you speak to others you may perceive as less affluent > what you say > Champ = Cocksucker
embrace the insanity of today's sentiment [sustainable = unsustainable] > Negative numbers on a balance sheet can somehow become positive
Excellent free book on how to be a resource millionaire by a Vancouver, Canada asset manager & newsletter writer. Upon closer inspection we may note many of his personal moniker systems [K Free Ride] are recycled metaphors from Dust in the Wind traders before our time under the sun. Success can bring constructive change in addition to overconfidence bias and narcissism. The crescendo of ego can often be seen in books suggesting inner circle knowledge of high-level political systems to trading corrupt carbon credits. These types of actions as a surfer can lead to us being politely asked not to participate in The Line Up.
Micro Human Action > Contrarian Specs > Ideas - Anfield Gold 2 GLDG
Most seed round resource stock deals do not favor small investors -
Buying Anfield [notes from Phyle]
Buying AUGG
Buying UROY in 2020
GLDG saucer bowl and Summer 2022 double down. Few eggs in a concentrated basket.
Difference from other lottery spec mentality > security analysis & appreciation for humility > transferring to assets / collateral.
"Man's got to know his limitations" - Dirty Harry
Comprehending personal limitations as a young person was important. On a final high school trip to Martha's Vineyard some of my friends were doing mushrooms while I engulfed beer. Throwing up the morning after I somewhat intuitively saw some of my future should I have moved to Arizona State Architecture. Von Mises speaks of 'knowing who you are' and in this case all I knew was that I was smart enough to understand some of my stupidity.
The U.S. Navy - Using 2 see the world > see larger forest above the trees
Front Runner idea - Healthy / Honorable volatility in junior resource stocks
- David Lotan Comments - about as wide a margin as you can get
Despite my mental Guernica against the establishment leading to depression could be feigned purely on my experience in World Trade Tower II on 09 September 2001 < Truth was I felt responsible for being a poor allocator of capital from 2011-2013.
"Don't confuse a bull market with brains."
There were all kinds of reasons to assume the bull market in gold would continue in 2012. Long range charting suggests the secular bull market started in 2001 and is just warming up for Phase 2.
This publication isn't a confession or a roadmap to wealth in the next Hedge Fund Quarterly reporting statement.
Now some 6.5 years since jail my comeback has more to go but a new focus & spirituality of the result of action has possibly made the full circle.
Misguided past. Humility in jail & less dogmatic.
FINRA / SEC letter > Barred from Securities Industry > Seeking Cash Flow
*** Jim Morrisson - Indians jumped into his soul - 9/11 T1 People - Arachan Capital Post +++
Sleeping in Cars to acquire real estate out of the money > soon to monetize.
Youth > Travel and Apply energy to skills > paid to learn
Middle Rank > More than one life > transferring to diversification of income
Elderly > Starting again is possible > Transformation of body / mind [gift]
One goes to enough meetings evaluating all vices and it becomes easy to consider another bout with depression. So, let's review some of the positive achievements and how this kid from Detroit writes this magnum opus on moving the needle from full halfwit to a more spiritual existence:
- - 1st prison break at 2 years old with Muffin Jane (cocker-poo) in Birmingham, MI.
- - Surviving numerous broken bones from trees and skateboards in Bedford, PA.
- - Navigating a Honda ATV into a tree in Rutland, VT at a considerable speed.
- - Captain of the 1988 Massachusetts State Lacrosse Championship Team.
- - Accused of an Honor Offense at the U.S. Naval Academy [overturned].
- - Completed 5 years of service as a Naval Supply Officer; Serving in The British Indian Ocean Territory as well as both coasts within the continental U.S.
- Professor; Central Texas College for 3 semesters on the island of Diego Garcia.
- - Successfully completed the renovation and sale of a 100+ year home in the historic mining town of Jerome, AZ (8 years) before the real estate crisis in 2008.
- - Survived the ‘attacks of 9/11 in Tower 2 on a fateful business trip to N.Y. City.
- - Lived out of a 2002 VW Eurovan for 2 years in Del Mar, CA while building a financial company.
- - Investment properties in Uruguay commencing in 2004 (post Argentine Great Depression / Hyperinflation).
- - Requested physical delivery of 2,000 ounces of physical silver from a large investment bank for a client in 2002 at the price of $4.38 an ounce (against the wishes of a company which later settled a class action lawsuit out of court for not segregating or allocating client bullion accounts).
- - Head Lacrosse Coach - junior boy's program in Carmel Valley (San Diego).
- - Started his own company for over 15 years.
- - California November Storm of 2004 - Surfed Rincon on a Reynolds Yater on the way to a near double overhead day at Asilomar in Monterey Penninsula.
- - One of the first stand up paddle surfers in Uruguay in 2007.
- - Sharing a beer with Col Kilgore [Robert Duvall] at Munich Recoleta, Buenos Aires
Mark Spitznagel - Conifer
Professional help & introspection revealed the importance of specific goals & principals. As a late bloomer my awakening period thru a traumatic event ensured a rapid maturity.
Passions for the chance to ride energy & create an accretive vehicle for architecture / design were all part of a personal adage: 'Go West, Young Man.'
Lifelong Dreams of design / build & becoming a surf rider was accomplished by boots on the ground research.
U.S. Naval Supply Corps final duty station in Oakland, California was a great transition to interview with architects, professors and students around San Francisco.
Nobody seemed happy. Quickly learned designing staircases to code for rebuilds may not be the artists' cup of tea.
Want to be an architect with no capital?
Why design for others with a traditional schooling liability?
Equitable solution - Continuing Education at Honeywell Inc, Commerical Aviation Systems
Mentor 1 Mike Rico - "You have to." owning 6-8 cash flow duplexes in Sacramento estimating the company retirement plans will possibly be worthless
Life as a 'Financial Advisor'
2000/02 - Contracted out Wealth Advisors - Salomon Brothers & MFS
2003 Morgan Stanley Corporate / Intl FX fixed income Commodity/Energy
2004 Moved more on Precious Metals
2011 Failure to recognize dilution
Spanish Prisoner - Context
Today - Small basket with concentrated holdings.
Stanley Druckenmiller notes all great managers of capital have great humility & willingly discuss past mistakes. Take inventory of your excuses. Accept them - Learn.
Rick Rule notes experiences consistent with von Mises' Human Action suggesting we are not fact-finding creatures. Narrative preferrable over balance sheets / mathematics.
Good / Bad / UGLY
Important to review where you have been lucky vs due diligence/action paid off.
Today - the 10 + Year Securitization bull has produced Keyboard Warriors
Innumerable number of Chiefs who produce nothing > Few Indians
War on Producers > By Consumers
CIAT Night School > 'Data is the new Oil' > High Paying Potential Roach Motels
Experts in the Ski / Mountain Bike Industry achieving esoteric scientific knowledge giving you the Finger for breathing fresh air.
Chapter 2. Heritage & Culture
"You don't have to hold a position in order to be a leader." - Henry Ford
USNA Pledge allegiance to 'The Republic' > Why are we 'saving democracy?'
Ron Paul: Why do central banks hold gold [if it's not money}?
Ben Bernanke: "Tradition"
Why is gold not a commodity? What is collateral?
The phrase “auri sacra fames” was appropriated by the ever erudite Keynes as the title of a September 1930 polemic against the gold standard.
The poet Virgil describes man's underlying lust for gold when he wrote “Auri Sacra Fames” (the accursed thirst for gold). In the 19th century, gold mining expanded around the world with the 1848 California gold rush which helped the settlement of the American West. In 1869, South Africa became a major source of the world’s gold after the discovery of the Witwatersrand basin and the Canadian Yukon gold rush followed in 1896.
Various forms of livestock, in particular cattle, and grains were the earliest forms used to settle trades and payment for good goods and services. Cattle are hard to carry in your pocket and grains spoil so an alternative currency was needed.
In 560 BC, the Greek state of Lydia in Asia Minor introduced the first gold coins. The use of gold coins as currency spread quickly throughout the Mediterranean and Middle East regions. The Romans mined gold extensively and Venice introduced the gold “Ducat” which became the most popular coin in the world for the next 500 years. In 19th century America, a movement to use silver coins and adopt a bimetallic monetary system emerged. The US Congress did not authorise the printing of paper money until 1861.
For most of the early 20th century, Americans were forbidden to buy or trade gold. In 1946, the Bretton Woods agreement fixed the price of gold at $35 an ounce, creating a gold standard and the US dollar (USD) became backed by gold. A gold standard is defined as a monetary system in which the standard economic unit of account is a fixed mass of gold.
The Bretton Woods agreement of fixed exchange rates was implemented to combat deflationary pressures, economic dislocations and currency instability which emerged after World War I and II. Soon after the agreement was signed, the USD became the world’s reserve currency.
In the following years, there were significant strains on the system of fixed exchange rates as the US balance of payments with the rest of the world grew dramatically. Foreign central banks exercised their gold convertibility rights causing a sharp decline in US gold reserves.
In 1971, the Bretton Woods system was abandoned when there was no longer enough gold to cover all the paper money in circulation. The USD became a “fiat” currency backed by nothing more than the health of the US economy and the promise of the US government. A fiat currency’s value is based on the issuing authority's promise to pay; not an intrinsic value or extrinsic backing. In 1974, the ban on US ownership of gold bars was lifted and US citizens were allowed to trade gold.
The end of the gold standard ushered in the current system of floating exchange rates. In 1972, the Chicago Mercantile Exchange (CME) launched futures trading in seven currencies and in 1974 the first gold futures contract was traded on the COMEX exchange in New York. The 1980’s experienced a sharp expansion of over-the-counter trading in currencies and gold and the beginning of online trading.
WOKE USNA today vs Spartan training for Youth
3. Chapter 3 Philosophy - Mentorship
"Seek the wisdom of the most expert minds in your field."
- Ralph Waldo Emerson
- Ralph Waldo Emerson
parents taking me on a college trip - strange as I didn't study or read. ACE Adams "You're a nice kid..." Seeing Virginia Architecture realizing I'd never start there as a lacrosse player no be accepted as a design student. USNA Impact
Mentor 1 Mike Rico - "You have to." owning 6-8 cash flow duplexes in Sacramento estimating the company retirement plans will possibly be worthless
Life as a 'Financial Advisor'
2000/02 - Contracted out Wealth Advisors - Salomon Brothers & MFS
2003 Morgan Stanley Corporate / Intl FX fixed income Commodity/Energy
2004 Moved more on Precious Metals
2011 Failure to recognize dilution
Spanish Prisoner - Context
Today - Small basket with concentrated holdings.
Stanley Druckenmiller notes all great managers of capital have great humility & willingly discuss past mistakes. Take inventory of your excuses. Accept them - Learn.
Rick Rule notes experiences consistent with von Mises' Human Action suggesting we are not fact-finding creatures. Narrative preferrable over balance sheets / mathematics.
Humility 1st as an advisor in the worst bear market since 1929. Outsourcing information.
Industry transformation to fee based. Morgan Stanley throwing out old Dean Witter Investment books. Chuck Yash - 'Chris is at Dean Witter' - Merrill Lynch imploded 2008.
Nobody Rides for Free
Not all things to all people - Guernica period following 9/11 resulting in following precious metals without asking questions - much like the Bitcoin cult today.
Canadian juniors printed share certificates faster than the Federal Reserve. Dilution.
Trapped > Lost my way in 2007-2008 not seeing unhealthy securitization
2013 > Spanish Prisoner > Context
PFS Group KBX > Dumped Tyhee & spoke about it on the show [I can't be an employee]
Peak Oil > Ego by those who have never made anything
Bob Quatermain - "Be very careful of people who have no idea what they are talking about."
Out of the FURNACE - Listening to Rick Rule / Doug Casey & Capital Allocators
- NO TIME 4 anything but positive action.
Maurice Jackson: All right. In closing, sir, what keeps you up at night that we don’t know about?
Rick Rule: There’s a lot that keeps me up at night, Maurice. When people panic, they ask their government to do something, and I’m terrified that my government will do something. The circumstances that we find ourselves in today cannot be cured by government. They were caused by government. My hope is that all of your [readers] read a wonderful book by Nassim Taleb about being anti-fragile, and understand that the way out of this circumstance is for everyone individually to look after himself and herself and their families and their friends and their communities. Build strength yourself. By strengthening each of ourselves as individuals and families, we strengthen our society organically. The circumstance that we find ourselves in can’t be solved by a policy response. It’s a consequence of policy responses. Don’t be looking to the collective to make you strong. Make yourself strong. Make your family strong, and the collective will take care of itself.
What keeps me awake at night is the specter of increased government interference in private affairs. The fact that people have been trained that there is a Fed put, that Big Brother will take care of them rather than Big Brother will victimize them, that’s what keeps me awake at night.
4. CYCLES // Back to the Future [cycles] - State Intervention - Force creating distortions
"Most successful investors do nothing most of the time. Do not confuse movement with action. Know when to sit and wait." - Jim Rogers
Mass Psychology to believe steel towers can implode internally
Financial Cycle ready for the 20 year blow off - new secular bull market in commodities may have started beneath the surface in 1998 - 2001 with the creation of The Rogers Real Commodity Return Index Fund.
While not a fan if index funds Jim Rogers set up a system for those seeking to go long real assets instead of shorting unsustainable debt [fixed income prices]. In other ways this could be seen as a currency which entails with part of the thesis - mining shares as a currency in the past and may happen to rhyme again.
Biannual Fashion Week in NYC stated in early September 2001 - a factoid unaware to my mongrel blood until visiting with a close USNA brother. Never a magnet for such events the experience was even more unsavory after spending some time out west living feral down to the tune of sleeping in trucks to going for it. In a few years a past malleable viewpoint seemed to be hardened for the better towards a more focused objective. Surfing and the capital markets were all consuming. No time for models who were far too good looking and important. The NYC big city thing had its run in 1997 and early to bed for marathon training.
Morgan Stanley put me up in a very high-end hotel on the upper east side facing Central Park. Monday morning a bus picked up new brokers to complete weeks of training. Walking into Tower 2 the morning of September 10th I was in awe of what may have happened there in the past. The dream of coming back to run the full central park loop on Monday night seemed almost unattainable given the huge thunderstorm that night. Incredible lightning and running the south section by Tavern on The Green had my shoes covered in horse manure overflowing through gutters. Pushing thru soaking wet that night was surreal. Euphoria.
Revisiting old stomping grounds helps conceptualize personal change. A cyclical life cycle of military 'service' to corporate manufacturing and on to financial consulting. Owning only mutual funds with the bulk of my skin the game in real estate made me a prime candidate. In all candor my passion towards the industry was real with extraordinary delusions never involved in the 1999 dot.com mania. Catching my 1st wave at Tamarack in Carlsbad was the person objective which helped lift my spirits to the next level.
Goals of Surf > Architecture > Being Paid to learn Capital Structure / Allocation / Sales / entrepreneurialism / International travel - etc...
"Real action is in Silent moments." - Ralph Waldo Emerson
T261 - Standing alone in a room wearing a Brook's Brothers suit watching Tower One Explode was surreal to say the least.
Richard Cantillon — the father of modern economics and one of history’s great traders — nearly three centuries ago when he was making his own, considerable fortune amid the twin manias of the Mississippi and South Sea bubbles. - lew rockwell
Page 443 - Commodity Stocks - Futures
Geologists are a lost art > God's systems vs Man Made systems > Surfing with the earth's / drilling & seeking real wealth > crust to discover porphyry or concentrations // Geology is the study of pressure and time. - Shawshank Redemption
5. Opportunities in Crisis / Contrarian [legal theft - living w/corruption]
Financial leverage to achieve amplification of returns requires a harvesting strategy. We see many funds who borrow money on small sums of collateral seeking multiples on their capital as potential land mines everywhere.
Sentiment - Blue Horeshoe likes anicut steel
Bud Fox fighting the last war promoting FX Fixed Income
Dallas TV show
Good / Bad / Ugly
Hero / Villan / Victim
lessons from the 1999-2008 cycle & 2009-2011 blow off
Puplava KBX and Tyhee on Show - peak oil by a broker in San Diego
Vidal selling me off secondary market opportunities in Manantiales > Opportunity in a crisis
Since the creation of the Federal Reserve in 1913, we have existed within a system based on "moderate inflation." The idea is that the citizens will tolerate death by a thousand cuts over time, a strategy to steal via the inflation tax, simply taxation without legislation.
Central banks, governments, and those who serve them have convinced the masses that prices increase over time naturally. The Fed has paid off the mainstream financial press (Bloomberg, WSJ, Forbes), who write articles that a "moderate" amount of inflation indicates a healthy economy.
Through the central bank's Keynesian propaganda, the state has been able to extract wealth from its constituents through this hidden tax, inflation.
Inflation is simply the expansion of the money supply, and since 1913, the monopoly on money issuance has allowed The State to systematically and consistently debase the currency to enrich itself.
Feds Best Bet to Kill Inflation. Just Kill People. | GoldSeek
There was an old saying in investment finance / syndication...
Empirical data > von mises > praxilogy > human . cycles
Time > state of rest. Inflection points near. Mark Spitznagle - transactions balanced & cleared in searching > final stages of price discovery during a bottoming process... Markets that work are being destroyd by continual intervention. THIS SEEN AS VIRTOUS
6. Market Sentiment / Cognitive Biases [nothing new under the sun - mania]
“We’ll know our disinformation program is complete when everything the American public believes is false.” - CIA Director William Casey
“All warfare is based on deception. Hence, when we are able to attack, we must seem unable; when using our forces, we must appear inactive.” - Sun Tzu
7. Human Action - Equitable Solutions [making corruption your friend]
Background values of my family are Europeans who escaped to the Midwest United States during many depressions of the 1800's. The heritage & philosophy of immigrants embracing hardship seeking a new life onboard ship required a skin in the game mentality. My grandfather, son of a German butcher [Henry Teepen Schlachter] moved from the streets of Cincinatti > Harvard MBA with a natural flow to the Silicon Valley of the 1930's. Detroit, Michigan possibly saw its peak in 1964 as it received 10 votes for home of the summer 1964 Olympics during round one. As we have often seen nothing is by chance as Tokyo, Japan received the nod for the games in Tokyo. This precursor was just the overture for a coming secular change in manufacturing for not only the automobile but also a variable plethora of other manufacturing opportunities to the disciplined Japanese.
My parents were married in the booming 1960's in Detroit with an opportunity for my father to attend a college in what today we could consider an 'Emerging Market' of Tempe, Arizona. No internet and a child on the way Dad arrived at Arizona State University quickly recognizing the odd sense of a stank of iron and bleach in the air from the local slaughterhouses. Immediately seeking phone contact my parents soon learned the moving truck had just left for The Grand Canyon State. Life has critical pivoting points and as my parents gave the area a chance later to reveal this was a bad air quality day the valley of the sun with many opportunities in addition to wide open spaces with fresh air. Should father Warren have accepted an insurance sales opportunity there and invest around his love of golf with real estate all kinds of possibilities could have changed course of our destiny. A move back to family and raising children local was a priority with technology & ideals not in line with a complete cut. The path of Detroit was evident by the 1970's and a new opportunity for my father had us move to a small manufacturing town of Bedford, MA.
The 1970's was the first real challenge for those did not prepare a massive change in the economy and markets. As a young boy I witnessed poorer families with a different culture than Detroit. We attended a private Catholic school and were identified as the enemy by some of the local youth.
Slave scene > being forced to rake and clean a park. Walk on all fours.
Ridiculed when arriving to Longmeadow for my drooling and 'southern' language.
All life's experiences are gifts as those directing anger have their own issues.
These experiences helped drive me to one day run the crease as the slowest member of Navy Lacosse. Wearing #34 and applying renegade counter terrorism tactics on superior opponents...
"Don't take it personally"
Arizona - how I equate South America to my parents > Moving to a growth market >understanding the macro > greatly increases odds of success. Key for the boots on the ground investor is Culture & Philosophy of local business owners. Surf bums or opportunists always disappear as they become weaker daily.
4th Turning Thesis
Longmeadow Lacrosse > Dan Kane > Opportunity to find friends at NAPS [building year noted by Chris of Navy SEAL/NASA astronaut] and get into Annapolis. Human Action
Life never so fulfilled until I came west to learn about the capital markets and surf.
"People are going to do what they are going to do." - McConkey Movie
Full Circle > Found the love of my Life back home. Family Values > Migration east as a family in the roaring 1980's helped my parents but also ensured a chance to see the world > My sentiments and passions were unsophisticated, and the U.S. Naval Academy offered a hybrid solution.
Liberty > Roman Civil Law > Sailors Request Liberty from the Captain
Why was 'The Statue of Liberty' placed on an island off New Amsterdam? Liberty Island is surrounded by a current directed by banks of a river which flows out to the sea... Hence currency. Not money.
“The ultimate ownership of all property is in the State; individual so-called “ownership” is only by virtue of government, i.e., law, amounting to mere user; and use must be in accordance with law and subordinate to the necessities of the State.”
–Senate Document # 43;
Senate Resolution No. 62, April 17, 1933
John Locke wrote about the rights of Life, Liberty, and Property [Estate]. Jefferson original drafting influenced by Locke was later changed to 'Life, Liberty and The Persuit of Happiness."
"You will own nothing and be happy." - World Economic Forum
Why 13 Plantations to set up USA Corporation? Why 33 [removal of gold]?
Phantom menace - Keynes & Krugman [N.Y. Times] - Judas Goat
Past websites by experts gone underground for good reason.
Dangerous new legislation can make anyone with principals out to be terrorists.
Easiest way to spot a state sponsored communist is ask them 'what do you build for mankind?'
Considerations:
Owning less ostentatious real estate assets which may be accretive & cash flow positive.
Healthy contrarian lifestyle could assist seeing opportunities - Dynamic.
Respect Robert Kiyosake's 'Rich Dad' Thesis but warn younger people on the dangers of financial leverage. Some potentially destructive connotations promote being 'an owner vs a worker' as if instantly gratified thru a new paradigm. The strategy noted has worked well in a 40-year bull market on fixed income and a 500-year distortion in the cost of capital in western securitized world. Caution is now to be considered as global markets in 2022 have frequently questioned the virtues of lending capital to governments at negative real interest rates where ubiquitous liquidity is prevalent versus a humble philosophy of solvency.
An Essay Concerning Human Understanding
Locke’s byline did appear with An Essay Concerning Human Understanding, published December 1689, and it established him as England’s leading philosopher. He challenged the traditional doctrine that learning consisted entirely of reading ancient texts and absorbing religious dogmas. He maintained that understanding the world required observation. He encouraged people to think for themselves. He urged that reason be the guide. He warned that without reason, “men’s opinions are not the product of any judgment or the consequence of reason but the effects of chance and hazard, of a mind floating at all adventures, without choice and without direction.” This book became one of the most widely reprinted and influential works on philosophy.
In 1693, Locke published Some Thoughts Concerning Education, which offered many ideas as revolutionary now as they were then. Thomas Hobbes had insisted that education should promote submission to authority, but Locke declared education is for liberty. Locke believed that setting a personal example is the most effective way to teach moral standards and fundamental skills, which is why he recommended homeschooling. He objected to government schools. He urged parents to nurture the unique genius of each child.
Locke denounced the tendency of many teachers to worship power.
All the entertainment and talk of history is of nothing almost but fighting and killing: and the honour and renown that is bestowed on conquerors (who are for the most part but the great butchers of mankind) further mislead growing youth, who ... come to think slaughter the laudable business of mankind, and the most heroic of virtues.
8. Balance & Entrepreneurialism [more than one life - art / physical]
"The Quality of your life is a direct reflection of of the quality of questions you are asking yourself." - Anthony Robbins
Quality of Questions > Quality of Life
The Art of Bootstrapping - Similar opening to Kawasaki Art of the Start
Manage for Cash Flow > Profitability > Service & Collateral > Commodity
Pick your Battles > Execute
Passions for the chance to ride energy & create an accretive vehicle for architecture / design were all part of a personal adage: 'Go West, Young Man.'
Lifelong Dreams of design / build & becoming a surf rider was accomplished by boots on the ground research.
M16A2 Instructor > NPQ > NSR Athens GA "I'll go ANYWHERE BUT NORFOLK" > Asian Experience > Great Kumakura > Japanese Garden Design
Finding a Roommate in San Francisco > Internet 1997 > Brown U graduates equating me with a hairy baby killer > Kelly Johnson
U.S. Naval Supply Corps final duty station in Oakland, California was a great transition to interview with architects, professors and students around San Francisco.
Nobody seemed happy. Quickly learned designing staircases to code for rebuilds may not be the artists' cup of tea.
Want to be an architect with no capital?
Why design for others with a traditional schooling liability?
Equitable solution - Continuing Education at Honeywell Inc, Commerical Aviation Systems
Mentor 1 Mike Rico - "You have to."
9. Healthy Pain - Learning to Enjoy Feeling Alive with Natural Solutions
Not wealthy unless you are healthy.
Ice baths the new podcast cool. No time or capital so cold Pacific. Back to the bike and SUP.
10. Service to Producers [teaching to fish]
Capital Allocation -
Should one have made 400x on TSLA or 2K their capital on Google or BitCoin - Are they prepared for the next cycle? -
Lessons from history on preservation / steward of capital - essential to new ideas
Humility to understand Value - Harvesting growth for cash flow
Can a business be used to change the world? Yes, but that isn’t our goal here. Can a business be used to cash out through an IPO or sale? Yes, but that isn’t our goal either. Our goal is simple: to create an automated vehicle for generating cash without consuming time....
Before you get to the four hour work week, there’s the 40 hour work week of building your skill. Then you cash it in, to get the four hour work week. - Tim Ferriss
11. Time is on Our Side [3 points/what, where & who] Travel, Embrace Wisdom
Desperation Call Options - Noting popularity of Lottery Tickets at Chevron > Lottery tick was rebuilding core philosophy & life balance.
12. External Environment / Kill your Television / Military Weapon
Aggression against what's left of the market is accelerating. Health and International perspectives most important. Need for real information more important than ever in 'fact - checking' [ministry of truth] age.
13. Values - Benjamin Graham 2 ‘Rational Buddhism’ [Naval] 'everyone knows the price - not the value'
You are your word.
Why I can't participate in carbon credits. What happens when a client quotes Dr Debi to Peter Clack?
End of traditional fixed income markets / artificially low cost of capital now revealing those swimming naked and/or living unsustainably.
Mid-Summer lessons for this recovering Financial Advisor includes:
- Proper maintenance of the 2021 TREK SL 5 Chain & Gearing.
- Embracing the morning feeling of body pains as CLEAR SIGNALS.
- Seizing the Opportunity 2 Ride Energy in the Pacific.
- Assertive & Succinct communication with Programmed Humans.
Riding a SUP surfboard with the Rickshaw tow once seen as a hassle is now a gift. Reconnection with Nature & increased sensory of the environment.
Beach selection revolves around freshwater utilities for post surf cleaning. Preparation and access to new surf spots not selected in the past requires new conceptual planning. Paddling out and reef reconnaissance is all part of what we call - GETTING THE PLACE WIRED.
Comprehending your external environment is essential to success & survival.
Paddling out into the surf is akin to the astute allocation of capital.
The last 6 years since
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