Saturday, February 8, 2020

Julian Simon on This Day in History


This Day in History: Economist Julian Simon died on this day in 1998. Known as the Doomslayer, Simon argued that "over-population" was actually a good thing. More people means more brains to help solve our problems. To prove this he entered into a famous wager with Dr Doom Paul Ehrlich who wrote the Population Bomb. The bet was that with more people commodities would become rarer and thus more expensive. That didn't happen and Julian Simon won the bet. You can read Simon's great work "The Ultimate Resource" online at
http://www.juliansimon.com/writings/Ultimate_Resource/

Another scientist, Bjorn Lomborg, set out 20 years ago to debunk Julian Simon who he viewed as a "simple American right-wing" nutjob: "Three months into the project, we were convinced that we were being debunked instead," Dr. Lomborg said. "Not everything he said is right. He has a definite right-wing slant. But most of the important things were actually correct." As a result, Lomborg went on to write "The Skeptical Environmentalist."

"The increase in the world's population represents our victory over death." JS

Julian Simon Was Right: A Half-Century of Population Growth, Increasing Prosperity, and Falling Commodity Prices


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This is my long-run forecast in brief: The material conditions of life will continue to get better for most people, in most countries, most of the time, indefinitely. Within a century or two, all nations and most of humanity will be at or above today's Western living standards. I also speculate, however, that many people will continue to think and say that the conditions of life are getting worse.~Julian Simon


The humour of blaming the present, and admiring the past, is strongly rooted in human nature, and has an influence even on persons endued with the profoundest judgment and most extensive learning.~  David Hume, "Of the Populousness of Ancient Nations"


By a process of contraction, distance in space makes things look small, and therefore free from defect. This is why a landscape looks so much better in a contracting mirror or in a camera obscura than it is in reality. The same effect is produced by distance in time. The scenes and events of long ago and the persons who took part in them wear a charming aspect to the eye of memory, which sees only the outlines and takes no note of disagreeable details. The present enjoys no such advantage, and it always seems defective. ~Schopenhauer

Monday, February 3, 2020

Paper (Fiat) Money on This Day in History


This Day in History: The colony of Massachusetts issued the first paper money in the Americas on this date in 1690. The earliest paper money originated in China, and even they succumbed to the dangers of over-printing and inflation. In fact, the Chinese suspended the use of paper money for hundreds of years until paper money was printed again in 1890. Andrew Jackson in his farewell address warned of the dangers of paper money:

"The Constitution of the United States unquestionably intended that gold and silver would be the nation's currency. But the establishment by Congress of a National Bank, a similar legislation in the states, has driven silver and gold from circulation, and substituted a paper currency in its place...Because paper currency has no value in and of itself, but rather is a system which is based upon public confidence, it is susceptible to large and sudden fluctuations, which results in a risky property market and unstable and uncertain wages for workers. The entities which create the paper money cannot be relied upon to keep the right amount of currency in circulation."

Paper money used to be backed by gold, but Nixon stopped that back in 1971 and since then all government paper money (fiat money) is backed only by your faith in that money...much like bitcoin.

Saturday, February 1, 2020

Pornography on This Day in History


This Day in History: The Communications Decency Act was passed by the Congress on this day in 1996 in order to regulate pornographic material on the Internet. As lowbrow and unseemly porn is, it has always been on the forefront of technological progress. The Gutenberg Press may be known for printing that beautiful large Latin Bible, but the press was subsidized by printing more bawdy material. The invention of still photography was, as some would say, "the single most important event in the history of pornography." Porn in film was standard since 1896, and it also standardized Super 8 film. Porn was at the forefront of the VHS vs Betamax debate. Porn was also the first industry to invent payment processing on the internet. You have to know that robotics will move a great leap forward because of this as well. Many of the inventions we take for granted might never have advanced or existed had it not been for porn.

I actually feel uncomfortable sharing all this.




Saturday, January 25, 2020

Stock Investing Books you Won't Believe Are Online For FREE


Many Books you won't believe are online for free...but you may have to hurry before they are taken down. I did not post any of these books, these are simply books I found in my online travels.

For a list of all of my digital books and books on disk click here

See also True Crime, Mysteries & More-Over 100 Books you Won't Believe Are Online For FREE and Ed & Lorraine Warren & 100 Other Books You Won't Believe Are Online for FREE and Mysteries & Censorship etc - Over 100 Books You Won't Believe Are Online For FREE & Christology, Mythology & 100 Other Books You Won't Believe are Online for FREE and The Best Free Horror Books (and some films) that are Online for FREE! and Ghosts & Guns - Over 100 Books You Won't Believe Are Online for FREE and Chomsky, Fascism, Icke, Mises & 100 Other Books You Won't Believe Are Online for FREE and Malachi Martin & the Church & Over 100 Other Books You Won't Believe Are Online For FREESerial Killers, Ted Bundy & 100 Other Books You Won't Believe Are Online for FREE and Ayn Rand, Trump & 100 Other Books You Won't Believe Are Online For FREE

Warren Buffett and the Interpretation of Financial Statements

How to Trade in Stocks - The Livermore Formula

Trading in the Zone - Mark Douglas

Stock Investing for Dummies

Penny Stock Trading for Beginners & Dummies by Giovani Rigters

Alan S. Farley, Master Swing Audiobook

Beating the Street by Peter Lynch

The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William Bernstein 

The Little Book of Common Sense Investing by John C. Bogle

Think And Grow Rich by Napoleon Hill

The Little Book That Beats the Market Joel Greenblatt

Fooled by Randomness by Nassim Nicholas Taleb

A Random Walk Down Wall Street, Including A Life-Cycle Guide To Personal Investing by Burton G. Malkiel

Uncommon Sense for the Thoughtful Investor by Howard Marks

The Richest Man in Babylon

The Alchemy of Finance by George Soros

The Warren Buffet Way Second Edition by Robert G. Hagstrom

The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller

Warren Buffett's Management Secrets

Mary Buffett – Buffettology Audiobook

Stock Investing 101

The Market Wizards - Conversations with America's Top Traders by Jack Schwager

Buffet: The Making of an American Capitalist

Trading for a Living: Psychology, Trading Tactics, Money Management by Dr Elder

Common Sense on Mutual Funds by John Bogle

Atomic Habits by James Clear

The Dao Of Capital by Mark Spitznagel, Ron Paul

Michael Lewis - Liar's Poker: Rising Through the Wreckage on Wall Street

The Austrian Theory of the Trade Cycle

Common Stock and Uncommon Profits by Philip Fisher

The Intelligent Investor by Benjamin Graham

David Bach - The Automatic Millionaire

The Magic of Thinking Big by David Schwart

The Millionaire Next Door

How to Make Money in Stocks

The Bogleheads’ Guide to Investing

Irrational Exuberance by Robert J. Shiller

Reminiscences of a Stock Operator: and The Investment Strategies of Jesse Livermore by Edwin Lefèvre

Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay
https://www.youtube.com/watch?v=VMnV9ZfCITc

Security Analysis by Benjamin Graham & David L Dodd

Not a Penny More, Not a Penny Less by Jeffrey Archer

Friday, January 24, 2020

The Apple Macintosh on This Day in History


This Day In History: Apple Computer placed the Macintosh personal computer on sale on this day in 1984. The Apple stock ($APPL) price in the IPO (Initial Public Offering) was $22 back then. Today the share price is $317. The most expensive stock is Berkshire Hathaway ($BRK) at $341,225.00. Amazon ($AMZN) is now trading at over $1800 and Tesla ($TSLA) is the new hot stock. If you can't afford to buy these stocks, you can actually buy a portion of these stocks. So let's say you only want to buy $5 worth of an Apple share, you can do that. Stash, M1 Finance and I believe Interactive Brokers allow you to buy Fractional Shares.

Tuesday, January 21, 2020

The DeLorean Car on This Day in History


This Day In History: The production of the iconic DeLorean sports car began in Northern Ireland on this day in 1981, and anyone who's watched Back to the Future knows what a Delorean is. If you've ever wondered why you never actually seen one on the streets at the time, it is because the car sucked. The car’s small engine only produced 130 horsepower, and the stainless steel paneling that gave it such a great look was heavy. The dye from the floor mats would rub off onto shoes and the famous gull-wing doors had a habit of becoming stuck. When Johnny Carson took one for a test drive around the block it broke down. Raising capital to build the car was troublesome as well. John Delorean was caught with $24 million worth of cocaine he wanted to use to fund his dream car. The legal troubles that ensued made him sell his 500-acre New Jersey estate to Donald Trump. John Delorean (the man who also gave us the Firebird and the GTO) died in 2005 in a one bedroom apartment.

Sunday, January 19, 2020

Auguste Comte on This Day in History


This Day in History: Socialist philosopher Auguste Comte was born on this day in 1798. He was the man who coined the term "altruism" and believed that man's highest ideal was to live for others. One writer back in 1883, stated that "Comte's Altruism advances beyond the limits of Christian doctrine. He teaches that, instead of loving our neighbour as ourselves, we should endeavour not to love ourselves at all." Many today still uphold altruism as the highest moral ideal. I don't. Bill Gates may like giving away his money now, but he helped countless millions much more by selfishly developing his Windows operating system. Altruism simply does not put food on the table. As Adam Smith remarked back in 1776, "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."

The Altruism of Auguste Comte by Julius Lloyd 1884
https://thebookshelf2015.blogspot.com/2018/06/auguste-comtes-peculiar-form-of.html

What Ayn Rand Meant by Altruism
https://fredericbastiat1850.blogspot.com/2017/12/what-ayn-rand-meant-by-altruism.html