“By far the biggest problem for professionals in investing is dealing with career and business risk: protecting your own job as an agent. The second curse of professional investing is over-management caused by the need to be seen to be busy, to be earning your keep. The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.”
- Jeremy Grantham

IF YOUR A FIRST TIMER TO THE BLOG, CLICK HERE...
http://joefacer.com/pblog/static.php?pa ... 729-141334

New Years morning and I'm about half way through my pitcher of Mimosas after breakfast. (Straight gin onna rocks last night, this is my way of getting vitamin C this morning. Being retired allows me to pursue my hobbies...) Reading about Walschaerts valve gear. I'm a gear head. Pretty much have been since 8 yrs old.

http://en.wikipedia.org/wiki/Walschaerts_valve_gear
This is what put the "Choo" in "Choo Choo"....








Worth the time... If ya got the time....
http://www.businessweek.com/features/20 ... ousy-list/

I got no use for the Dead and their nonprofessional antics.... but when they were on, they were awesome....
https://www.youtube.com/watch?v=C9AQiF5fFFI&feature=em-subs_digest

I may do some gear changing and re-arranging of the 401. Based in part on this. (The thesis and the individual{Grundlatch} are recognized by the guys whom I pay to run my retirement money...)
http://www.businessinsider.com/gundlach ... ast-2015-1



As per above, this Sat, I'm outa the Lord Abbett Small Cap Fund and outa the Met Life Stable Value Fund Monday. The money will go into the American Bond Fund. The bond fund's return is well ahead of the Stable value fund and will continue to do better. The LRSYX fund will be under pressure from redemptions which will screw with investment strategy. Best to be clear while this works itself out. Staying put elsewhere.

http://www.businessinsider.com/polands- ... ack-2015-1

Sunday...
http://theirrelevantinvestor.tumblr.com ... t-strategy

Your politicians and mine at work....
http://www.bloomberg.com/politics/artic ... om-reality

Wednesday...
Pop the hood and see what underlies the paint and chrome...
http://vimeo.com/116196983

Drive me UP THE FUCKIN" WALL!!!!!
http://www.salon.com/2014/12/21/why_so_ ... s_partner/

Thursday...
Ya don't get to choose the world you live in... I grew up when part of being a good citizen was being prepared for imminent thermonuclear war (food in the house, always keep the car at least half full of gas to evacuate to the mountains if necessary, CD {Civilian Defense} symbols on every AM radio in every car...) This is this era's version.
http://www.businessinsider.com/europe-i ... ege-2015-1
Slow Motion Trainwreck.... Reagan is still dead and trickle down doesn't mean what they told you it did....
http://www.motherjones.com/politics/201 ... ts-failing

More Unner Da Hood....
http://vimeo.com/116290225