International Relations
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Holding hands at midnight
’neath a starry sky
Nice work if you can get it
And you can get it if you try
- Gershwin
A journal from someone who is living in the most beautiful place on Earth
Last week the bank sent overdraft notices on two different accounts. In one case a family member confused the debit card with the credit card, which look nearly identical. With the credit card, there would have been no problem making a $65 expenditure because the unused capacity was very high. However, the checking account was another story: the balance is kept lean for reasons familiar to anyone who has a dependent.
A friend is quitting his high-paying job to teach, a not uncommon decision for baby boomers who sense that time is running out on opportunities to give their lives meaning. He is willing to pay the economic penalty because my friend and his wife, who has worked for over 25 years in a well-known Bay Area company, have amassed a comfortable nest egg, along with a spacious home in a tony community.
Thales concluded that there would be a bumper crop of olives. He raised the money to put a deposit on the olive presses of Miletus and Chios, so that when the harvest was ready, he was able to let them out at a rate which brought him considerable profit. In this way, Thales answered those who reproached him for his poverty
Working for a large company has its benefits. No, I’m not referring to retirement, health, or expense-account packages--which often are more generous-- I’m referring to the apartments that are owned in heavily-trafficked cities. You have to make a reservation early, and most of the time I get bumped to a regular hotel, but yesterday I lucked out.
I got the tax return done on time again but had to take a vacation day to do it. Yes, yes, if I were more motivated and organized, I could have completed it without last minute heroics, but as I’ve written before, it’s like pulling teeth. Come to think of it, I would rather go to the dentist.
amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives.I’ve held Apple Computer (AAPL) and Pacific Gas and Electric (PCG) for many years and recently bought SBC Communications (SBC). Their prices always fell after I bought them, so Warren Buffett I’m not, but at least I have the satisfaction of knowing that I’m getting back a little of the profits they’re making off me.