Aim for the sea…

A ship is safe in the harbor, but that is not what ships are built for.

William Shedd (or possibly Rear Admiral Grace Murray Hopper)

I taught high school in the early 80’s. I had this quote hanging on my classroom wall in one of those inspirational-type posters with a sailboat setting out to sea. I suppose I was trying to inspire my students to reach for adventure as they launched themselves into the world. I still draw inspiration from these words every time I am faced with the choice of a challenge and an adventure or playing it safe.

Similar Posts

  • Lying

    What upsets me is not that you lied to me, but that from now on I can no longer believe you.

    — Friedrich Nietzsche

    Like most children, my parents raised me with an unending plea to always tell the truth. In my mom’s eyes, a clean conscience was to be valued above all else. “Besides,” she always said, “if you tell the truth, you don’t have to remember what you said.” I have carried this commitment to truth and honesty with me, almost to a fault. It has served me well.

    As I have observed the global meltdown of the financial industry I can’t help but believe that it has been forever transformed by a blatant lack of trust. When the banks stopped lending it was clear that they no longer believed one another. The Bernie Madoff case was the icing on the cake. It seems to me that it will take a long time to restore trust and confidence into the financial system. In the process, I am not sure what kind of “financial system” will actually emerge on the other side.

  • On the Financial Meltdown

    As they say on Wait, Wait, Don’t Tell Me, “and now for some quotes from this week’s news.”

    First, a delightful blog I discovered called The Big Picture by Barry L. Ritholtz. In a post titled The Underlying Basis of Finance and Credit, Mr Ritholtz observes:

    Over the entire history of human finance, the underlying premise of all credit transactions — loans, mortgages, and all debt instrument — has been the borrower’s ability to repay.

    Except for [the 5 year period from 2002 to 2007] the entire history of human finance was rather reasonable about the basis for making loans in general, and extending mortgage loans in particular.

    For 99.9996% of the last 1.2 million years, loans were granted primarily on the condition of whether or not the lender believed that the borrower could repay. Between 2002 and 2007 this condition was dropped.

  • Calculating the Distance to California

    Something like 90% of the nations fruit and vegetables are grown in California’s Central Valley. Here is a simple calculator to determine how far you are from this fertile land:

    1. Buy a 1/2 pint of raspberries from your local supermarket
    2. Count how many raspberries are moldy
    3. Multiply the number of moldy raspberries by 250. This is your distance in miles from California.

    For example, I am in Northern Michigan this week. I counted at least 9 moldy raspberries in the pack. 9 x 250 = 2,500. This is the approximate distance from my location to California’s Central Valley.

    Q.E.D.

  • What is the purpose of an economy anyway?

    I heard a reporter on a recent Economist podcast say that, in light of the growing UK economy, creating jobs is a good thing.

    It seems to me that creating jobs is not only a good thing, creating jobs is the thing. What other purpose is there for an economy?

    Here’s what I mean. An ‘economy’ is kind of a meta-thing that emerges whenever two or more people get together and decide that working together to meet everybody’s needs is more efficient than everyone trying to each meet 100% of their own needs (like, say, some kind of off-the-grid survivalist). Economies emerge in all kinds of places: prison economies, school-yard economies, national economies, global economies.

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