If you read anything at all about investing, pretty soon you will hear about Ben Graham, father of value investing and teacher of Warren Buffett.
Young Warren Buffett got an A+ in Graham’s class at Columbia Business School, and would later work for Graham. But when he first asked Graham for a job, in fact offered to work for free, Graham (born Grossbaum) wouldn’t hire Buffett. Why? The story in Buffett’s own words:
I’d never heard that one before. It’s in:
Later, Graham would hire Buffett, and he got to wear the signature gray jacket that absorbed ink stains from writing down rows of figures.
I found this book more compelling than I expected. By the time Buffett was in tenth grade he owned a forty acre farm in Nebraska he’d bought with paper route money. You can read an interesting interview with author Alice Schroeder here:
Miguel: Give us advice to becoming better communicators.
Alice: Well…this is not anything profound. But you see that he uses very short parables, stories, and analogies. He chooses key words that resonate with people —that will stick in their heads, like Aesop’s fables, and fairytale imagery. He’s good at conjuring up pictures in people’s minds that trigger archetypal thinking. It enables him to very quickly make a point … without having to expend a lot of verbiage.
He’s also conscientious about weaving humor into his material. He’s naturally witty, but he’s aware that humor is enjoyable and disarming if you’re trying to teach something.
And here’s Michael Lewis reviewing the book.
Ben Graham by the way ultimately got kinda bored of investing and retired to California where he had a relationship with his late son’s girlfriend.
A great detail:
Nestlé gets the water for Arrowhead in the San Bernadino National Forest, owned by you and me, the American people.
In 2016, Nestlé took 32 million gallons of water from the national forest, in an area not known for its abundance of fresh water.
How much did they pay for this? I found the answer in a recent issue of High Country News:
$2,050?! I feel like I’m getting ripped off!
Swung by Lake Arrowhead this weekend:
It’s 1539. Henry VIII is 48 years old and single. Wife 1 didn’t work out, Wife 2 got beheaded, Wife 3 died. The Hunt For Wife 4 is on:
King Henry VIII of England was considering a royal marriage with Cleves, so following negotiations with the duchy, Hans Holbein the Younger, Henry’s court painter, was dispatched to paint Amalia and Anne, both of whom were possible candidates, for the freshly widowed king in August 1539. After seeing both paintings, Henry chose Anne.
There is a tradition that Holbein’s portrait flattered Anne, derived from the testimony of Sir Anthony Browne.
Is this Amalia?:
Wikipedia says so but the Royal Collection won’t admit it.
When he met Anne in person Henry was bummed:
succinctly put in:
found that blunt history, which sounds like it would fit in a socio-anarchist pamphlet, in
Man I went through my old Tweets, and none of them were racist or anything, but they were terrible!
If you don’t look back on your old writing without disgust you’re not growing, so healthy enough I guess. But you’d think for something I spent so much time doing I’d’ve come up with some better ones.
Here are the only ones I felt like might be worth saving, putting them here as much for myself as for my small but influential readership.
When I don’t like writing it’s usually because it’s too writingy.
The Biblical story of Joseph interpreting Pharaoh’s dream: first case of a Jewish psychiatrist?
If there were a restaurant in LA that sold angel meat, Jonathan Gold would eat there.
Today’s surprising Supreme Court Fact: Ruth Bader Ginsburg was a high school cheerleader.
Whenever I’m in New York, I visit this little shop know, down in the Flatiron, and have my shoes professionally tied.
Addition to Hely’s Great Things: When an old person says “blankety-blank” instead of swears.
An airport? A state forest? An interchange? All fine things to have named after you. But only Melba has a peach thing AND a toast.
One thing I’d like to see is a giant eating baked potatoes, one after another, like grapes.
Ate a piece of gum today that was in stick form, instead of hard, candied pill form. It was like visiting Old Sturbridge Village.
If I’m gonna see a play, by the end the stage better be a MESS.
What real-life show is “Game of Thrones” the porn parody of?
The taste of a drop of air conditioner water landing in your mouth. #mynewyork
There’s only one political issue I’m deeply passionate about: colonizing the moon with convicts. I’m opposed.
Let’s argue! I’ll start! All jazz is perfect.
my favorite cob food? corn, no brainer
It’s unreasonable of Don Cheadle to expect the other members of Ocean’s Eleven will understand his ludicrous slang.
Most of my money ($660) comes from my 1992 dance hit “It’s OK To Dress Up (When You’re The Birthday Girl)”
I think I could sell idiots salted coffee.
“Fine, FINE, we’ll just name ANOTHER one after John Muir, then we can all go home.” – another tense meeting at the US Forest Service.
In this age of baby carrots it’s such a power move to eat a regular carrot.
If you’re into immutable laws you pretty much have to go with physics, right?
TRIVIA: What is the most spilled beverage in the world? Give up? It’s water. (Trick question because I was counting waterfalls.)
Vali rolled with it admirably when he came back to our seats at the Arclight and found me telling the history of IKEA to a stranger.
Was bowling invented so teens of different genders could examine each other’s butts?
“I like your shirt!” = “I noticed your shirt!”
LA etiquette: it’s rude to point out that someone’s production company has never produced anything.
The most important ingredient in any recipe is money.
Movie pitch: Fuckboi Academy
Nothing pisses me off more than when some fuckface in my Instagram is having a nice vacation
My best hope for Olympic glory would be as the falling down guy someone helps in a true display of sportsmanship
What did the TV writer say when he arrived in Hell? “How’re the hours?”
You know what sounds terrible but is actually perfectly nice? The stall in the bathroom of the Yucca Valley Walmart, where I wrote this.
learned the origin of the word “drugs” from:
an intense book!