Logan Talks


The little tyke has been "talking" to himself in his crib for months now, but any time you try to record it, he stops—mesmerized by the camera. Now through the magic of the hidden crib cam, for the first time ever, witness the sweetness that is Logan in the morning. Disclaimer: if you are not a relative, you may become bored after the first 20 seconds.

Logan's Laugh

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Outside Reading: Marc Faber tells Investors to Calm Down


From: Wallstreet Pit

Synopsis: Marc Faber, financial adviser who predicted the 1987 stock market crash discusses why most Americans should readjust their expectations of investments if not completely steer clear of the financial markets altogether.

Calculus for the Common Man

It's no secret that most kids today are scared to death of math and calculus. But they're actually quite easy...as long as you don't let modern school teachers "teach" you any of that "new math" nonsense. If you want to kick it old school, there's no better way than to teach yourself calculus with Thompson's Calculus for the Practical Man.

This book was catapulted to world renown when Nobel laureate, Richard Feynman, recounted using it to teach himself calculus when he was 13. Feynman credited his success in calculus to having taught himself and to some of the unorthodox methods presented in this book. Sometimes, when others couldn't even approach a problem, a method he had learned here made the problem almost trivial.

If you are at all interested in Calculus, don't let your first experience be in a classroom setting. You owe it to yourself to teach it to yourself. This book was "old" when Feynman read it, so it's a bona fide classic today. Rest assured, there is no new math here.

(One word of warning: Calculus is a perishable skill. I passed the AP Calculus BC exam with a 5 and then taught myself multivariate calculus while at the Air Force Academy. Within a year of leaving the Academy, I had already forgotten many of the more advanced techniques, simply from not using them. I do remember the basics, but I would have to put in some serious study to replicate that 5 now.)

Outside Reading: The Simple Gold Strategy


From: Daily Wealth

Synopsis: From the United States inception until Roosevelt's illegal confiscation of gold in 1933, the dollar was defined as ~1/20 of an ounce of gold. Roosevelt changed the dollar's definition to 1/35 of an ounce of gold. The price stayed at this rate until 1972, when Nixon completely severed the dollar from gold. The moral of the story is that the free market in gold is relatively new (about 40 years) and has been highly volatile. Steve Sjuggerud describes an investing method that is very simple, reduces the volatility of gold, and increases the return dramatically.

Making Biltong

Biltong is a South African dried meat, similar to jerky, but it's dried at room temperature. It is phenomenally tasty. Here is my guide on making biltong (videos to follow).

  1. Obtain London broil. Cut broil into strips no more than an inch think ½ to ¾ is about just right.
  2. Spray or rub meat with a brown vinegar (apple cider is most often recommended)

Profit is not a dirty word

Another reason not to send your child to school.

The primary purpose of school is conformity. Children who do not conform are labeled slow, dumb, troublemakers. One of the major themes of indoctrination is that of selfless cooperation, volunteerism, altruism. They are taught that profits are selfish, crass, even immoral. Students displaying entrepreneurial bent are especially singled out for conformity training and medication. In reality, most of the good in the world is not the work of selfless volunteers, but the work of profit seeking entrepreneurs. These heroes seek out humanity's unmet needs and find innovative ways to meet them, improving the lives of billions of people, thus fulfilling the words of Jesus, "If anyone wants to be first, he must be the very last, and the servant of all." – Mark 9:35

In this video, Cameron Herold tells his story and gives tips for encouraging your child's inner entrepreneur.

My favorite tip:

Don't give your child an allowance or even pay him to do chores. That simply teaches him to be dependent. Instead, allow him to find things that need to be done and come to you with them and negotiate a fee for their completion. This teaches him to be observant, proactive, and incentivizes performance.

Fun with Selective Colorization

I've been fascinated with photo editing for a long time. Recently, I've been experimenting with sepia tones and selective colorization. Here's my latest masterpiece. Jen's not a fan of the effect, but I think it's very nifty. You have to click on the photo to get the full effect.

logan3a_med.jpg
And another:
Logan's Eye in Sepia

Outside Reading: Sympathy Deformed


From: City Journal

Synopsis:

The author explains how compassion and well-meaning people can destroy the poor with their misguided actions. He illustrates the principle with his personal experiences and the history of Tanzania.

Video Introduction to Austrian Economics

An Introduction to Austrian Economics

by Hans-Hermann Hoppe and Jörg Guido Hülsmann

Mises and the Austrian School by Jörg Guido Hülsmann

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