Think you can call the market peak? Think again.

I know most of my limitations.  I learned a while ago, for example, that I'm not a stock picker.  I also learned that trying to predict the stock market's trajectory is an often futile and dangerous exercise.  

One financial adviser whom I've known for decades addressed the oft-asked question -- When-will-the-stock-market-crash? -- in his recent client newsletter.  A Minneapolis-based adviser with Focus Financial he wrote...   

"The chances of individuals guessing when the stock market is going to crash is approximately the same as my guessing when the sun is going to explode.  Since I can't reasonably hazard a guess, I prefer to go about my day without worrying about the sun exploding."

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Living or dead, at their most interesting

The people and story behind the Biltmore Estate

The Last Castle by Denise Kiernan 

Still the largest private residence ever constructed in the U.S. at 175,000 square feet; Biltmore Estate continues to hold public imagination.  I'd always thought, mistakenly, that Biltmore was built at the behest of the family patriarch Cornelius Vanderbilt (aka "The Commodore").  

In fact it was his grandson, George W. Vanderbilt, who acquired some 125,000 acres in North Carolina's western countryside among the Blue Ridge mountains, upon which the mansion was constructed. 

One alert, as other reviewers noted, this book has less detail concerning the construction process, materials, architectural features and maintenance requirements of the structure, than one might've expected from the title.  

A fuller indication of Ms. Kiernan's narrative focus is revealed by her subtitle, "The Epic Story of Love, Loss, and American Royalty in the Nation's Largest Home".  

For some stunning modern day visuals of the Biltmore estate (now part of a mere 8,000 acres at Ashville, NC); have a look at the Biltmore Company website found 🠊here.  

Justice Alito speaks out at national lawyers convention

Justice Samuel A. Alito gave a virtual address to a lawyers convention on Nov. 25th.  

At a little over 30 minutes; I'd recommend the YouTube video below, to anyone trying to understand why some Americans feel strongly that basic rights enumerated in the Constitution like Freedom of Speech, Freedom of Religion and Freedom of Assembly are being tested.   

This is not, IMO, a dry legal lecture for lawyers.  Rather it's a clear overview of recent actions by the courts, legislators and special interests and how those actions may collectively dilute protections sought by the Framers.  

Example: the uproar over Nevada's COVID restrictions (overturned on appeal) that prohibited religious gatherings of more than 50 people (regardless of precautions taken), while permitting a percentage of capacity as the governing measure of people able to patronize a casino; even if that percentage equates to more than 50 people.

In any event; the video is worthwhile viewing....

Avoid shopworn buzz phrases

At the office, I’ve used clichés many times. Business cliches are phrases that lack impact and often convey unintended impressions, or at least a serious lack of imagination. For your consideration, I’ve listed my top five most overused business phrases....

1.      “Get the low hanging fruit” – This relic is normally meant to convey the speaker’s opinion on prioritization. Pursuing whatever he/she advocates; will presumably result in a higher success rate because of fewer barriers. Be wary when you hear it. You may by closer to the orchard and your gut may tell you that more fruit: actually hangs higher, has already been picked, or already rotted -- than the speaker knows.

2.       “It is….what it is” – Of course. What else could it be? If you wish to say we must accept the current state and move on; just say that. 

3.    Here's another classic cliché and one typically used to answer a very simple and honest question like, how are you? I'm referring to the standard reply, "I'm living the dream". It might been amusing the first five times one hears it....but after that?

4.      “Let’s think outside the box” – This champion of tired metaphors reveals that the speaker trying to inspire or reward freethinking might lack imagination by using it to animate others. 

5.      “Our people are our most valuable asset” – How many mission statements, speeches and ads, include this syrupy old slogan? It automatically invites skepticism. List examples that demonstrate an organization’s commitment to employee well-being, as opposed to spouting a ubiquitous platitude.

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A dried pasta revelation

Growing up, we ate pasta frequently in the Maddente home.  I still enjoy it; but all I'd ever learned about this staple is that it's a mortal sin to over cook it.  I never could discern any significant taste difference among the many different dried pastas on the market.  

Recently; I've learned something new.  Extrusion methods matter.

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Here's a parallel.  Ever heard of "Steel Cut Oats"?  I used to think that's an either slightly pompous or at least a haute description used to sell oatmeal.  

I'm going to rethink that assumption and try steel cut oats.  That's because I've stumbled upon a dried pasta called "Bronze Cut" which is a reference to the metallurgy involved with the device that extrudes and cuts the pasta.  

For those interested in the science and engineering behind this alloy for pasta making purposes; here's an article.  For the rest of us, suffice it to say that the bronze cut process produces a noodle that's less dense and more porous.  It simply tastes better and it adheres to sauce (or sauce adheres to the pasta) ….better.  That's all I know.  

It costs a little bit more; but worth it.  Bon Appetit!  

A real estate CEO moves to TX

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rex.com

Last Saturday, a CEO named Peter Rex published an opinion piece in the WSJ that attracted a fair amount of attention on LinkedIn.  The article is entitled, "I'm Leaving Seattle for Texas So My Employees Can Be Free"  . 

I believe you'll find the views expressed in this piece reasonable and factual -- but unfortunately -- not widely promulgated by traditional media.  

Read more about Mr. Rex here.