Communiqué

You cannot control the wind, but you can control your sails.

- Sailing Axiom 

The key is to free oneself from a tyranny of first consequences, overvaluing what comes first at the expense of what inevitably comes later. As Bastiat warned, ‘The sweeter the fruit of habit is, the more bitter are the consequences.’

- Mark Spitznagel, The Dao of Capital: Austrian Investing in a Distorted World

It is good to face challenges in your youth. He who has never suffered will not sufficiently temper his character. - Yamamoto Tsunetomo


The whole secret of existence is to have no fear. Never fear what will become of you, depend on no one. Only the moment you reject all help you are freed. - Buddha



Recency Bias is a dangerous drug to the masses. A melt up in U.S.A. Inc general equity markets has been led by The Magnificent 7 appears to be the crescendo of a 42 year bull market.

Decades of Policy Intervention / Stimulus assisted the 2008 collapse here in The Home of the Brave. 

Confirmation bias after 15 years of free money & passive income flows to equities has created a truly generational asset bubble.

Confusing a bull market with brains when you are young is palatable. You have time 2 recover.



ACT UPON WINDOWS OF OPPORTUNITY 

We were fortunate to sell our Jerome, Arizona project in 2006 when costs of capital were still low flowing ubiquitously to leveraged buyers. ‘Feeding the Ducks’ > Planning an exit strategy in an illiquid market is recommended.

Upon paying the Law Merchant IRS [Bank of England running Plantation 13 of which many conflate with the home of the brave] capital gains we moved what equity was left for transfer to our Casa Ikigai project.

Goals are near completion in California.

Philosophy was a significant part of spiritual healing.





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