Stealth Mission

Human beings — regardless of race, religion or culture — like to embrace any belief that is absolute. This is because absolute beliefs are simple, easy to comprehend, and false positives that offer us a false sense of security. - Capitalist Exploits; The Road 2 Zero [05.02.2022]

Greenspan reminds us, in no uncertain terms, that a monetary system based on fiat money amounts to no more than a confidence game. The value of fiat money is determined solely by our confidence in the issuers of that money or, more specifically, on how well the supply of fiat money is managed. If too much money is created the public will lose confidence in its purchasing power and the perceived value of the money can collapse. Remember, fiat money has no intrinsic value; it has only perceived  value. - Paul Van Eeden; The History of Money [11.18.2005]

This was never about the money, this was about us against the system. That system that kills the human spirit. We stand for something. To those dead souls, inching along the freeways in their metal coffins, we show them that the human sprit is still alive. - Bohdi [Point Break; Movie 1991]

Heavy Influential days which may have changed our course forever… Never looking back seeing the macro thru a different perspective.

Of Conservative Middle USA / Midwest Detroit background the goals to ‘get a job’ and become part of the system were ingrained as a youth.

Concepts of saving more than one consumes, entrepreneurship & stewardship of capital were not on the radar.

Fact Finding, Skin in the Game & Anti Fragility were concepts at USNA military school only applicable when looking at one side of the trade.

The Golden Rule & Questioning Financial Solvency were not regular considerations.

Only thru the gift of going back into the school of penal systems where one loses most freedoms did this old Ronin Warrior begging to actually ‘critically think.’

All is not lost… in fact despite repeated set backs at 55 years of age the motivation & goals to see mission are more clear than ever.

Perspective, Health & Tenacious Philosophy can all be achieved… starting with humility. IMHO…

        ________________________

Changing locations on planet earth and engaging with new people, new industries and disciplines assisted with a new battle plan…

Sharpen The Saw [Habit 7]

Mission of USNA Midshipmen: Morally, Mentally & Physically..

The discovery process in industry, financial services & international investing [prudent research] has allowed a better understanding of morals / ethics thru utility & value.

Anarcho-Capitalist mission:

Healthy Anti Fragility > Philosophy > Consciousness > Constructive Balance Sheets.

        ________________________

Original Idea to Write a book: Front Runner - Use as a process to obtain a position back into the financial services industry.

At 55 years of Age that ship has sailed and the more I research to build the company the less I see becoming a soothsayer.

The Fidelity Portfolio / Arachan Capital has thus far failed to provide significant leverage to the price of gold > which has already moved over $3,000.

1. Central Banks are buying Gold

2. Performance of Majors / Corporate Producers from the 2001 > 2011 bull market was deplorable.

3. Passive Investing & New Screen Watchers have no interest in real skin in the game history.

Front Runner is more about getting ahead of personal weaknesses & fears, about addressing goals and probabilistic strategies.

Asymmetry may still be most possible for what is coming…

As a former inmate & trouble maker in California - seeing finance - investments - tech manufacturing then back to the gutter provides great perspectives..

Truth is sleeping drunk in a truck isn’t a true fire starter problem thief or vandal… The levels of depression reached may have been to break thru from the mental walk about.

Every Day is a gift to go 2 war and see the battle field ever more clearly.

The War on the average producer by consumer is ACCELERATING.

In a highly leveraged company, the equity owner does not really have the control.

Cool thing about this blog for our business is about 1 in 100 have read this and most may not comprehend the impact for the philosopher / journeyman.

Thoughts from Mass Trip to Worcester

Interventions in economy since 1998 and this century LEADING to psychological changes

Capitalism is built on Morals & Trust

Business deal by hand shake - lawyers can't help distrust

Governments have purposely created chaos - in order to consolidate control - Dr Marc Faber

Composition of people around Trump show expenditures will not be cut

Tragedy of Democracies is people vote for subsidies - Musk ironically = Subsidies

EMX Royalty Corporation Initiates New Share Repurchase Program - TipRanks.com

Barry Ritholtz

Who are you - how did you get that way? what do you attribute to your success? who are your mentors - what books do you read - what advice would you give recent grads or people in your field?

Interviewing is a skill which requires listening...

What is an expert? They may have their place but what is reality?

How many have humility?

Experts have developed their expertise in the way the world used to be... - Paul Graham

Cognitive expensive models - extrapolating to future can lead to errors > recency bias / historical data

Halo Effect - Achievement in one space may not assist in unrelated areas - Forecasting challenges...

Epistemic Trespass - Dunn & Krueger - Nathan Valentine U of Arizona 

PTSD from recent crash of assets - loss of confidence

Sellers Exhaustion - nobody left to sell > opportunity for value hunters seeking potential alpha

Epistemic trespassing is a phenomenon in philosophy where commentators holding real expertise in one field intrude into another, passing judgment where they lack crucial competence. Epistemic trespassers are thinkers who have competence or expertise to make good judgments in one field, but move to another field where they lack competence—and pass judgment nevertheless. Roaming into a field without expert-level insight, trespassers easily slip up.

Scientific American