A Sense of Urgency
The difference between a productive day and a non-productive day is a sense of urgency. Today was a good day.
In the glance of a speechless animal there is a discourse that only the soul of the wise can really understand.
— An Indian Poet
While in graduate school at Purdue many years ago a friend and I made a road trip to the west coast. Along the way we took the opportunity to visit the Grand Canyon with a goal of hiking down to the canyon floor. Although we were experienced hikers, neither of us were in the best of shape, and we were further weakened by the several days we had just spent driving across the country in a Honda Civic. Hiking all the way down to the canyon floor and all the way back up in a single day was strongly discouraged by the park authorities. Since campsites on the canyon floor were reserved far into the future, we were fortunate to snag a reservation for a campsite that was a couple of miles up from the canyon floor on a different trail. Our plan was to hike down one trail all the way to the bottom, take in the grandeur, then hike back up a few miles to camp for the night. The next day we would hike back out and continue our westward journey.
I have always found myself operating from a core set of operating principles — or “first principles,” if you will. Here are my guiding principles for 2011.
There are two ways to get enough: one is to continue to accumulate more and more. The other is to desire less.
— G. K Chesterton
When Linda and I returned from our stint in London, we landed in New Jersey. Within a few weeks of our US re-entry, and for reasons that still escape us, we bought a beautiful, 2,400 square foot house with a large basement on the north side of Princeton. Despite the delightful, well-groomed neighborhood, we quickly began to discover the folly of our ways. The sweeping windows that let in so much light in the spring became a greenhouse in the heat of summer. It seemed cavernous to heat and cool. Finding enough furniture to fill all the rooms took the better part of a year. …
I am an avid fan of podcasts. I listen to many hours a week of interesting and compelling content completely on my own schedule. The TWiT Network produces some of the best, including This Week in Tech, MacBreak Weekly and Roz Rows the Pacific. Leo Laporte is a master behind the microphone.
Leo continues to chase profitability by adding an ever-increasing array of sponsors for his “netcasting” ventures. Drobo and GoToMeeting are recent additions and he is pushing the boundaries of tolerance with the seemingly endless droning on about Visa’s security protection for online fraud. …
Sooner or later we all discover that the important moments in life are not the advertised ones, not the birthdays, the graduations, the weddings, not the great goals achieved. The real milestones are less prepossessing. They come to the door of memory unannounced, stray dogs that amble in, sniff around a bit and simply never leave. Our lives are measured by these.
— Susan B. Anthony
I have never been very big on holidays like birthdays, anniversaries or Christmas. They seem like such artificial constructs to me. Years ago I reached a peaceful truce with my family and friends to not exchange gifts at such times. We have all been enjoying stress-free holidays ever since.
I don’t mean to demean the important moments in life.
With all the volatility in the stock market lately it is a good time to remind ourselves that “the market” is not the same as “the economy.” The best that I can tell — at least as of the last few years — “the market” has contracted to a relatively small group of:
This tight-knit circle trades amongst itself with very little relevance to what we think of as “the economy.” In contrast to this closed group, the economy is the vast sum of the creation and delivery of the goods and services we want and need.
It seems to me that the Dow Jones Industrial Average and S&P 500 bears little connection to these things these days.
Don’t be afraid. Now is the time to be bold. If you don’t like the economy, let’s go out and make one of our own.