Saturday, April 27, 2019

Bookstore Day

It's Independent Bookstore Day! I'm keen to support every bookstore I can, whether independent like S.F.'s Green Apple Books (Clement St. location) or my local Barnes and Noble. 

For browsing, my favorite physical bookstores in America are Powell's Books (Portland, OR) and the Strand (NYC). Online, I like AbeBooks.com, Amazon, and Barnes and Noble



Tuesday, April 23, 2019

Speaker Review: Rich Karlgaard and Late Bloomers

Rich Karlgaard is a good man. He's the kind of person who gently asks his emcee the time as a way of communicating the book event should have started one minute ago. His wealth of Silicon Valley business contacts provides factoids few others can access. 

At the same time, when you're so close to the C-suite, you can rely on your friends for interesting tidbits, which can result in schizophrenic mini-stories rather than in-depth work. As I get older, I want more depth and less surface-area involvement, even if the surface being examined is shiny and rich. 
When asked which cities he'd prefer to bloom into if he were 40 again, Karlgaard mentioned Silicon Valley (California); Austin, Texas; and Columbus, Ohio. He did not mention a single place outside North America. 

Another case in point: in the context of Palo Alto's intensely competitive and often miserable secondary schools, Karlgaard mentioned Israel, Singapore, and Sweden's mandatory military drafts as ways of exposing their citizens to more than just rote memorization in traditional schools. While that may or may not be true, a better analyst would include the fact that Israel and Singapore are American's only steadfast allies in their respective regions, making them unofficial NATO members. Such members, whether official or unofficial, are expected to contribute 2% of GDP towards military spending. Military conscription activities count towards the 2% goal, and smart politicians allocate as high a percentage as possible within the 2% to domestic development. In contrast, Sweden only made peacetime conscription mandatory in 2017 because it perceived a growing threat from nearby Russia and wanted to sociologically counter hostile anti-immigrant forces from within. Also, Singapore, unlike Sweden and Israel, only conscripts men.  

In any case, that's the kind of detailed analysis I like. You won't find it in Karlgaard's book, which I admittedly skimmed. You will, however, find great stories about VMware's founder and J.K. Rowling and lots of other inspirational late bloomers. To each, his or her own. 
Karlgaard getting ready to speak in Campbell, California.

Book Review: Dave Barry's Lessons from Lucy (2019)

I've been following Dave Barry since his nationally syndicated column in the Miami Herald as a teenager. (For those of you who don't want to research the timeline, that's about 20 years ago.) I wasn't expecting much from Barry's latest book--after all, it's marketed as "self-help," and Barry excels when he notices and mocks the ordinary. "Mocking" and "earnest self-help advice" don't mesh well, so I figured Barry was just cashing in on his name and reputation to pay for his daughter's college tuition. Boy, was I wrong. This book is one of Barry's best. 
First, if you are a dog lover, you have to get this book. Second, if you're not a dog lover, don't worry--Barry refers to Lucy after his usual storytelling, using her as a sort of canine muse. The book does get overly sentimental in places, but only three or four times total. (e.g., "Do not be afraid to say these words: I was wrong. I made a mistake. I'm sorry. I apologize.") 

More common are the following thoughts, such as when Barry participates in a corporate pro-diversity program: "Inside we were seething. We were ready to go out and join the [Ku Klux] Klan. Even the black employees." I'll end with one of Barry's best paragraphs: "So what I'm saying to you, especially if you're getting up in years, is: Don't settle for contentment. Don't just stand around grinning. Get out there. It's a wonderful world." 

Monday, April 15, 2019

A Short Manual to Nonviolent Undermining of Nations

You are about to read an 11-step manual on how to dissolve social cohesion. It may seem malicious to promulgate such methods, but once you realize any nation or people can become evil and callous, the need for defensive tactics becomes obvious. You don't have to follow all the steps below, but a combination applied consistently and over enough time will be lethal. 

Civilizations die from suicide, not by murder. -- Arnold Toynbee 

1. Promote Extremism, especially in Politics 

Most people believe evil and decay enter with belligerence. In reality, too much of anything can lead to destruction. If you cannot defeat your enemy by violent means, then promote the most shallow, superficial, and/or extreme people within their societies--regardless of ideology

Obviously, national politics is the most ideal arena, but you can start small. Look at public schools (ignore nepotism, whether formal or informal), police departments, and local governmental bodies. Even a city planning commission, if staffed by zealous nitpickers or inexperienced lawyers, can help disintegrate faith in one's fellow citizens. 

Above all, review anything related to debt or inflation. A public or private bank that loans too much money to the wrong people or too little money to the right people will create problems. In peacetime, only the banking and natural resource exploration sectors have specialized instruments capable of causing as much damage as a ten-tonne bomb (see, for example, America's 2008-2009 crisis). 

2. Trust, Nuance, and Context are Conjoined

Some people genuinely believe others "don't want to know how the sausage is made." Agree with them by eliminating nuance and reducing transparency as much as possible. The human mind wants to focus on single or binary data points to understand complex issues. Feed that bias using true but incomplete information. With the media becoming fully digitized and therefore subject to SEO manipulation and the highest bidder, social targeting is easier than ever before. Aim to create a lack of trust through selective reporting and/or the elevation of simplistic viewpoints

We are pragmatists. We don't stick to any ideology. Does it work? Let's try it, and if it does work, fine, let's continue it. If it doesn't work, toss it out, try another one. We are not enamored with any ideology. -- Singapore's founder Lee Kuan Yew 

3. Ignore Potential 

Not actively promoting and nurturing exceptional persons is a surefire way to lose them, whether through physical departure to other nations or a loyalty shift. 

Remember: immigration is a zero-sum game. If you can attract the best and brightest into your nation or group from a competitor, with each person, you create an almost insurmountable 200% gap in your favor. We universally acknowledge stealing ideas is easier than inventing them, or that not all new ideas will succeed; yet, voters seem unable to understand immigration is the exact same process, but applied to people. 

You will know you have succeeded if any prominent politician mentions building a wall

4. Use Idealists and Conformists within Minority Groups 

History tells us empires fail when they openly discriminate against minorities. A wise leadership prefers instead to set extremely high or impossible standards anyone can allegedly reach, then manipulate the budgeting, promotion, and/or selection process to assist his or her friends and allies.

Prices are the new discrimination. -- Chris Rock (2017)

If journalists or others expose inconsistencies or discrimination, it is not difficult to find conformists, idealists, or egotists within the allegedly harmed group and then elevate a single person from that group while maintaining the status quo (e.g., America's President Obama). 

5. Inane Distractions Thwart Substance 

Promote voyeurism and gossip. Louis Brandeis said it best: 

"Triviality destroys at once robustness of thought and delicacy of feeling. No enthusiasm can flourish, no generous impulse can survive under its blighting influence."  

Divert the target's attention from the long-term to the trivial and short-term. 

6. Attack the Artists 

The smartest people in any country are usually comedians. If you can goad leaders into condemning or banning a comedian, you will cause an immediate and permanent loss of credibility.  Hypocrisy is everyone's hemlock, whether governments, individuals, or corporations. 

The same logic applies to authors and musicians. Stalin murdered Leon Trotsky in Mexico in 1940; the Soviet Union dissolved in 1991. Detroit's police department shut down an NWA concert in 1989; the city filed for bankruptcy in 2013. The time frames may differ, but once top level officials try to control art, enough mistakes have been made that the end is inevitable. 

Interestingly, Governor Ronald Reagan assailed UCLA professor and writer Angela Davis in 1969, and California in 2019 is America's most unequal and indebted state. Also in 1969, the NYPD raided Greenwich Village's Stonewall Inn, a bar in a well-known counterculture district. According to the New York Times, six years later, New York City was so close to bankruptcy, "the city's lawyers were in State Supreme Court filing a bankruptcy petition." By the time the Establishment's list of scapegoats includes bohemians, everyone with means has packed their bags or already departed with them. (Americans will be pleased to know as of April 15, 2019, President Donald Trump has not called for the jailing, deportation, or murder of any artists.) 

7. Inefficient Governments Cause Problems 

As religious entities moved into the government's traditional role of providing social welfare, most governments welcomed them, assuming they could provide services more cost-effectively. Yet, how many people realize religious entities have gained credibility through community services because their governments are inept or misusing their tax dollars? Or that the more influence the government allows religious entities in social services, the less one can argue in favor of separation of religion and state? 

The more you can promote religion in everyday public life, the more you can fragment society. Wise governments neither promote nor denigrate religious entities in exchange for noninterference. 

The 1st Amendment leaves the Government in a position not of hostility to religion, but of neutrality. The philosophy is that the atheist or agnostic... is entitled to go his own way. -- Justice William Douglas in Engel v. Vitale (1962)

8. Promote Segregation and Informational Fragmentation 

Segregate different groups of people as much as you can. Most people associate segregation with racial characteristics, but separation based on wealth, education, information, or some other trait eventually leads to intractable inequality and hubris. 

Heed the following Martin Luther King Jr. proclamation and do everything you can to render it untrue: "Anyone who lives inside [our country] can never be considered an outsider anywhere within its bounds." 

9. Fear is Your Friend, Curiosity is Not 

Of her profession, journalist Amanda Ripley once wrote, "we know how to grab the brain’s attention and stimulate fear, sadness or anger. We can summon outrage in five words or less." Notably, she states that it is "impossible to feel curious... while also feeling threatened." 

Almost everyone knows the U.S. government deliberately lied to the American people and American judges in multiple egregious instances, including but not limited to the Gulf of Tonkin incident and Korematsu v. United States, 323 U.S. 214 (1944). Yet, almost no one believes psy-ops (aka propaganda) to shape public opinion and legislative action exist as regular, ongoing events. Maintain this naïveté. 
Indigo Girls, 2002

10. If You Can Collapse a Building by Taking Down One Pillar, Don't Try to Destroy Three

The more open a society, the more fragile it is. If your paradigm assumes the executive, legislative, and judicial branches--all of them--are required for society to function smoothly, remember that only one of these branches need be corrupted or disdained to cause decline. 

11. Overextend the Enemy 

If you succeed using the above methods, governments and societies will be unable to ignore their problems and may defend themselves using censorship, jails, torture, and other blunt instruments. Once you are in this stage, the goal is to cause the target to overextend itself as much as possible and to abuse its power. 

For example, after 9/11, America knew it could not legally torture detainees but did so anyway, in no small part because its political and military leadership specifically drafted exceptions to time-honored procedures. "Black sites" for interrogation or "extraordinary renditions," often in cooperation with other nations, eventually led to a total breakdown in decency, causing the United States to lose credibility worldwide, despite being the victim of a vicious, cowardly attack. 

Abu Ghraib, the most prominent example of America's decline, occurred outside the nation's official borders as a way to escape oversight from the media and courts. The American government even argued its knowing creation of a loophole to evade judicial oversight meant it deserved the power to destroy not just the enemy, but its own checks and balances. (See also President Bush's Executive Order 13224, which "prohibited transactions not just with any suspected foreign terrorists, but with any foreigner or any U.S. citizen suspected of providing them support.") 

Overextension renders a society imbalanced, leading to extreme actions becoming accepted as new norms. Shift the norm as far as you can in any direction. 

12. It's Always Been the Same Old Story

All governments have the same general issues: overpopulation or underpopulation and immigration; employee unaccountability and selection; foreign capital and influence, especially in the media; debt repayments; access to resources, including sustainable food production; effective regulation of competitors, whether criminals or corporate, without endangering innovation; and security without overextension, which includes infiltrating influential groups and gaining intelligence

If you ever find yourself thinking you've discovered something new rather than being put in a position to communicate existing and older ideas more effectively using ever-changing mediums, remember my grandmother's advice: "Don't worry so much. In the end, life is mostly eating, f*cking, and sleeping." 

Good luck

Sunday, April 14, 2019

On Elizabeth Warren's Tragic Banality

Bloomberg News recently reported that Democratic presidential candidate Elizabeth Warren and her husband earned almost 1 million USD in 2018, proving America's national politics are a contest between the out-of-touch and the even more out-of-touch. (Two days after the media disclosed her income, Warren attended an event with boxes from Dunkin' Donuts, America's working-class brand.) Outsiders like Bill Clinton, Barack Obama, and Donald Trump are popular because they seem relatable, but are they really so different? 

Both Bill and Barack were raised by single mothers and became Ivy League lawyers, an unorthodox but similar path. Donald Trump graduated from the Wharton School, part of an Ivy League institution. Elizabeth Warren's husband is an Ivy League law school professor and she herself is a former Harvard law professor. It seems the American presidency is reserved for the Ivy League, which may explain voter disenchantment and America's fascination with anyone politically incorrect. 

The Democrats' tone-deaf choice of Warren should come as no surprise, especially after Hillary Clinton's nomination. Like Hillary, Warren is an excellent candidate on paper. She has brothers in the military, supports unions, and is hostile to big banks, all positions designed to attract as many voters as possible. Her oft-mocked claim of Native American heritage makes sense in light of Oklahoma's broadly-defined affiliation and her team's desire to market her to every single group. And yet, I am falling asleep as I write this, and I had ample energy (and coffee and tea) before I began writing. 

I'm tempted to say Ivy League institutions extinguish students' ability to be appealing or authentic, but JFK, who had a surfeit of charisma and appeal, is a Harvard graduate and therefore an Ivy Leaguer. Before him, the most maverick Supreme Court Justice, William O. Douglas--nicknamed Wild Bill--attended Ivy League Columbia University. 

Perhaps it's the times we live in? Eighteen years of perpetual warfare, extrajudicial killings (including at least one U.S. citizen), hundreds of thousands of civilian deaths overseas, and the fecklessness of the legal establishment couldn't have helped, but I think the matter goes deeper. The very second we allowed our politicians and intelligence agencies to call civilian deaths "collateral damage," the American spirit was diminished. The minute Democratic Secretary of State Madeline Albright casually dismissed 500,000 child deaths resulting from her government's policies, "American leadership" became an oxymoron. The moment Congress began using semantics to stretch the definition of torture, America's moral ground was lost. Today, we speak of compassion as if it is a foreign or missing element in our society, and we may be right. 

I've always believed human intuition is underrated--one particular scene from Carl Sagan's Contact plays in my mental background whenever I debate--and as we move closer to a society controlled by machines, whether physical or digital, we allow our culture to be further dictated by numbers and data unable to understand integrity or compassion. As such, our current endgame is necessarily dystopian, though even dystopian fiction fails to realize its heroes and heroines would not exist in a society where surveillance has been perfected. 

Indeed, the primary glue holding societies together is not money, security, or education but genuine interest in one another. Family matters because such interest is presumed, but whether we succeed depends on how broadly each familial unit can extend its definition of family. A cap exists on how much stretching can occur, a limit inapplicable to semantics or data, a fact that ought to make us more skeptical of anyone or anything refusing to acknowledge inherent bounds. 

Speaking of limits, if Elizabeth Warren is nominated as the Democratic Party's presidential candidate, it will represent definitive evidence her party is so far removed from reality, the time for a viable third party or independent candidate has finally come. Warren has no humility, no workable original ideas (her anti-trust proposals are copied from the EU), and no charisma. When she does have an original idea, it makes no sense (this often occurs when someone has never run a business or personally filed tax returns). For example, her latest idea to tax corporate profits above 100 million while disallowing various credits or deductions may have extinguished Amazon Web Services and allowed China's Alibaba to dominate world commerce. In short, Warren is incapable of shielding honest citizens from the tidal wave of complexity involving unions and Wall Street; business and immigration; military and industry; education and politics; inflation and necessities; overlapping jurisdictions and accountability; and entitlements and debt. 

A society collapses not when a tyrant is elected, but when the opposition cannot admit its mistakes and proffer practical solutions. This counterintuitive dynamic occurs because tyrants are elected or put into power when societies finally realize--always too late--they are on the wrong path. The only way to reverse decline is for the opposition, which has been asleep, to 1) admit it has misjudged the facts as well as the remedies (including a failure to co-opt more radical elements within its ranks); and 2) correctly identify the numerous factors that have brought everyone to the present-day situation. Absent this humble, analytical approach, the tyrant will continue to prevail by canceling programs s/he deems unnecessary, then diverting revenue to allied interest groups, thereby solidifying his/her power. 

In the end, progressives need to realize "checks and balances" are just words in legislators' books and inherently inferior to paper conferring financial gain. (If nothing else, Donald Trump knows this aforementioned truth.) No judge or lawyer has ever been able to withstand the chaos spread by a climate of fear combined with the wholesale disintegration of government funding to existing large groups. The number of paths to a police state are many and simple, while the way out is labyrinthine and difficult. Let's hope Americans realize Elizabeth Warren gives them the most difficult maze possible for a re-emergence. 

Thursday, April 11, 2019

Mom's Birthday

Me: [Taking photos of Mom, texted her the photos] 

Mom: [in Al Pacino's Godfather tone] "What is this? I'm in my pajamas! In my pajamas! Where did you put these photos?"
Me: "Facebook, Twitter, Instagram."

Mom: [Realizes I'm joking] 


Me: "Ok, I just sent it to Marjan [my sister]."

Mom: [Silent] 

Me: "Wait, this would make a good blog post." 

Mom: [Still silent] 

Wednesday, April 10, 2019

Summary: House Judiciary Committee Hearing on Hate Crimes (2019)

At the House Judiciary Committee's hearing yesterday to examine and discuss white nationalism and hate crimes, Google admitted to manipulating search results based on subjective factors if content was controversial, i.e., "on the border." Only Rep. Tom McClintock of California pushed back hard, saying the power to decide what speech is acceptable and what is not can be dangerous. 

I've personally had an innocuous comment I tried posting on Instagram blocked before I was able to post it, showing the reach of AI. The reason given in the pop-up box was that I was "bullying" an Iowa wrestling coach and former Olympic contender, but no reasonable human being would classify my criticism as bullying. As Rep. McClintock pointed out, "bullying" can be pretext to censor legitimate criticism, and in doing so, prevent progress and transparency. On a more basic level, allowing corporations power over acceptable speech could also become a way to extract an "advertising tax" on individuals and businesses to resolve an image issue if they are caught in an algorithm's web. Such a dynamic feeds monopolies (and more difficult anti-trust enforcement) by favoring large over small businesses. 

People in positions of power ought to be scrutinized fairly and on all the facts. An unaccountable entity--whether corporate or government--picking and choosing which facts to include or exclude enables poor leadership. Worse, it prevents local leaders and voters from properly utilizing their powers, causing a loss of credibility on all sides and potential backlash (e.g., President Trump). By the way, that Iowa wrestling coach I tried posting a comment about? Almost no one knows he was accused of sexual assault, leading to an interesting (and public) court battle (Brands v. Sheldon Community School, 671 F. Supp. 627 (N.D. Iowa 1987)). 

My Twitter recap of the hearing is below: 

Two other issues arose: 1) many states lack appropriate hate crime laws, so the federal government should consider establishing a better minimum baseline; and 2) both state and federal laws do little to nothing to address widespread "doxxing" problems, i.e., revelation of private contact information specifically for purposes of harassment. 

Friday, April 5, 2019

Review: One Day by David Nicholls

It's so hard to find a good love story these days, one wonders if love itself is hiding in the shadows, waiting for someone to properly articulate its existence. David Nicholls did his best in 2009 with his book, One Day, adapted into a film starring Anne Hathaway. The film is good--I admit to crying at the end, despite knowing the plot--but not a true adaptation. 
From the beginning, Hathaway was a risky choice to play a rebellious, Doc Marten's-wearing character with a pen Shakespeare would envy. We see glimpses of youthful defiance when Hathaway wears an anti-war t-shirt and peace buttons on her jacket, but she plays the character as Desdemona to a second-tier Othello, whereas Nicholls wrote her character as far more interesting, more punk genius than lovelorn robin. 

Let me do my best to fill in the gaps in case you make the mistake of not reading the book. We all know the "Cinderella meets Rich Prince" motif has been explored to death, but Nicholls infuses Emma Morley with such verve, no one would dare think her inferior in any way to her would-be prince, Dexter Mayhew. Sadly, the film omits the written correspondence between the two protagonists as they travel in different directions, keeping in touch except for brief periods. Like Cinderella's spic-and-span work ethic, Emma's letters establish her as unjustly downtrodden, her descriptions of colleagues and roommates alternating between comedy and tragedy: "I asked him [a fellow theater actor playing a slave] to get me a packet of crisps [aka chips] in this café the other day and he looked at me like I was OPPRESSING him or something." 

It is within these same letters we understand Emma's unconditional love for Dexter, springing from the vast differences between them, including his privileged upbringing: "I know your whole childhood was spent playing French cricket on a bloody great chamomile lawn and you never did anything as déclassé as watch the telly..." Cinderella never mocked her prince, nor displayed the aptitude to do so, which is why such Disney stories are unappealing to intelligent adults. In contrast, Emma uses Dexter's status as modern-day royalty to showcase her sharp wit, and in doing so, make him a better man. Consequently, the best comparison to One Day isn't Cinderella or Othello, but a transposed riff on Pretty Woman, with Richard Gere's charm intact but his money replaced by intelligence: "Yes, you had to be smart, but not Emma-smart. Just politic, shrewd, ambitious," Dexter tells himself while considering career options.  

And yet, Dexter isn't exactly the male bimbo caricature the film makes him out to be. It's true the director makes us ache for Dexter's lost potential at every turn, at one point giving him as vacuous a girlfriend as imaginable, a showbiz tart who makes Kim Kardashian look worthy of a Nobel Prize in Physics. Dexter's portrayal is unfair because first, he's lost his mother to cancer, which clearly upends his very being, given his emotional distance from his disapproving father (who, interestingly, married a woman far more classy than he deserved, as both the film and book insinuate--at least until the very end). 

Moreover, unlike the stereotypical bimbo or cad, Dexter knows he's not smart, so he tries to find a niche where he can prove his worth. He knows the entire time he can't compete on any level-playing field in the real world, which is why he's so ashamed to face his mother's expectations, and why he's so smitten with Emma: "Without her[,] he is without merit or virtue or purpose..." For her part, Emma knows she's the perfect foil for Dexter, and without him, she wouldn't have a punching bag, er, muse capable of helping her reach Tysonian or Lewisian heights. Unfortunately, the film underestimates its audience by expressly telling us their union is about opposites attracting, even giving Dexter a ying-and-yang ankle tattoo (at least it wasn't on his lower back). 

There are so many ways to interpret the book--the proletariat's place in a bourgeois world being just one of them--I'll stop and let you explore Nicholls' writing yourself. If you've already seen the movie, here's one excerpt that should give you an idea of the book's higher workmanship: 
Here's to smart, witty, kind women. If you find one who loves you, cherish her and have a nice life. 

History Repeats Itself Because the Political Class Lacks Imagination and Courage

Everyone seems agog over Anand Giridharadas' ideas, but I'm not impressed with him--or anyone else commenting on America's slow but steady descent into an amoral police state. In fact, the more I study American history, the more I realize America's leaders have been repeating mistakes by copying ideas from the past without realizing different times need different solutions. During the most recent recession, for example, Congress was atwitter over whether to extend unemployment insurance, and it eventually did--copying its exact response from the Eisenhower era over fifty years ago: 

Q. Mr. Vandercook: Do you have in mind so far any intention of proposing legislation to assist the States to continue unemployment benefits beyond the 6 months' period, as that 6 months, in many instances, is running out? 

THE PRESIDENT. I have forgotten for sure whether that was in the bill that went to the Congress or not. I remember the subject was discussed by Mrs. Hobby in front of me, and I would have to ask Mr. Hagerty to give you the exact thing as to whether it was actually in the bill. 

From 2013-2014, Congress extended unemployment insurance by 3 months, then continued it another 3 months. (See HR 3546, 3813, 3824, 3936, etc.) Why the sameness? Here's where Anand Giridharadas succeeds: he points out the political class has no real interest in changing the status quo anywhere

Now go and look at the kinds of people who enter politics. In almost every single case, they are from an affluent background or lack the real-life experience to overcome secondhand information (President Obama and the military, etc.). If you are someone who genuinely desires to avoid humanity's cycles of political failure, which model do you turn to? The obvious answer is nonconformity, but that approach requires an engaged, compassionate, and principled class of youth. Pray tell, where are they? 

Wednesday, April 3, 2019

What's Up, Doc?

For as long as I can remember, I've wanted a pair of Dr. Marten's workboots. Considering my total ignorance of punk rock and grunge, I don't know exactly what inspired this lifelong desire, but I suppose I know counterculture when I see it. Today, I received my first pair of Doc Marten's boots in the mail. Since I refuse, on Scottish-infused principle, to purchase any shoes costing more than 50 USD, I had to wait until I found an oddly-colored one on sale. (Tip: before buying, ensure you understand the differences between British and U.S. sizes--they're not the same.) 

The story of Dr. Marten's is an example of globalization and perfect timing. Though the boots are associated with Britain, the creator was actually a German military doctor named Klaus Märtens aka Klaus Maertens. A partnership with a friend from Luxembourg resulted in the business opening in Seeshaupt, Germany, where their comfortable boots were a hit with older women. That's right--Dr. Marten's, now a counterculture fashion brand, succeeded because older women with foot problems cared more about comfort than style. From humble beginnings, eh? 
When a family-owned British boots company noticed the German design in an advertisement, it realized the comfortable soles would be perfect for blue-collar workers and purchased an exclusive license. After altering the heel and adding a yellow welt stitch and a two-tone grooved sole edge, Dr. Marten's began production in the U.K. on April 1, 1960. As I said, the timing could not have been better: to be born on the cusp of a counterculture revolution means as long as you maintain quality, your brand will never die. 
A newer style. The company is trying to appeal more to a younger generation.
Sadly, Dr. Marten's lifetime guarantee no longer applies: 

From the 27th of March 2018, the For Life range will be discontinued. Dr. Martens will continue to honor all existing For Life guarantees on purchases made before the 29th of March 2018 and registered within 60 days of purchase. The For Life registration website will be deactivated on or about the 25th of May 2018.

If you bought a pair of boots before March 29, 2018 and registered it, you were the last consumers eligible for the authentic Dr. Marten's experience. Being a Johnny-come-lately bloke, I'll be buying another pair in the distant future. On that date, I'll go as original as I can: the no-frills black ones, sale or no sale. 

Tuesday, April 2, 2019

Time to Reduce Exposure to American Stocks?

I told my U.S.-based family members to raise between 10% and 20% cash in any and all stock/investment accounts. I personally wouldn't mind if my sister and brother-in-law increased their cash/money market holdings to 30%, but they are young, and their youth makes it hard to suggest a more conservative allocation. (It doesn't help that bonds paying interest in U.S. dollars seem to be fairly valued.) My parents, who don't generally listen to me, told me they're already all in cash. 

I am still holding onto my General Electric (GE) shares, along with various REIT and other preferred shares, but I do not see much value in U.S. equities markets as of April 2, 2019. 
Shiller P/E is one useful metric to consider for overall valuation.
I suppose Kraft Heinz Co. (KHC), which I recently bought, looks cheap, but its debt load is considerable, and I don't have many shares of it. I like a few other individual U.S. stocks besides GE, but I allocated a considerable amount of my holdings to GE at an average of approximately $12.50/share, and I'll wait for a turnaround. I do hold a few international companies, but none I like enough to suggest publicly. If you're reading this post, good luck, and do your own due diligence. I am not an oracle of anywhere when it comes to investing. 

Disclaimer: The information on this site is provided for discussion purposes only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence. To summarize, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result. I am not responsible for any harm arising from following anything construed as advice herein. 

Miscellany

1. S&P 500 closed on 2867 on April 2, 2019, the date of this post. 

2. GE stock is around 9.26/share mid-day April 8, 2019. 

3. KHC is around 33.22/share mid-day April 8, 2019.