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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.
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.)
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.
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).
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.
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.
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.
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.
Mises and the Austrian School by Jörg Guido Hülsmann
In his books Gatto concludes that America's schools are not defective and in need of fixing. The dysfunction present in America's schools is the result of the fundamental design of the system. In this article, John Taylor Gatto explains the true lessons of compulsory government schools.