Holy Mother of BSE!

Here it is almost Labor Day and not one single Best Summer Ever post?!?!?!?!?! First off I highly recommend four wheeling in the country. I spent a week in central Illinois and had a blast: cousin's wedding, side trip to Memphis (and Graceland!), a family reunion, and a great drive through the countryside on ATVs. The coolest part was when, after driving through countless fields of corn and soybeans, we came across a shack that was built on stilts because it was next to the Sangamon River (in case of flooding, right?). So this shack is total redneck fishing cabin - no running water, an outhouse, random bones everywhere, no real road to get there, etc. But once we took the ATVs to a sandbar on the river it was amazing. You couldn't see a single hint of civilization, not counting sandy beer cans (even oldies with pull tabs). But this was great because of the sense of history: you see, Abraham Lincoln was the Postmaster General of New Salem, Illinois, not 10 miles up the river. He lived in those parts before becoming a lawyer in Illinois (and getting into that whole politics thing). His first love, Ann Rutledge, is buried in the same cemetery as my grandparents (and great grandparents, and relatives that came from Denmark to the new world). So yeah, that was pretty great.

Also I've been to Vegas a couple times for bachelor parties, been to some weddings (and took the train to one), had a couple of work trips in Salt Lake City, went to the Strawberry Festival in Oxnard (good corndogs and strawberry shortcake bar but big crowds), did a baseball trip to Southern Florida in May (the real start of BSE round these parts), played hooky to see an Angel game on a Wednesday (Ferris Bueller style), and am wrapping up a beach volleyball league.

Makes me tired just thinking about it!

Book Report: Mind over Money

My most recent financial book was Mind over Money: Match Your Personality to a Winning Financial Strategy by John W. Schott. It's not exactly recent - published in 2000. Schott's advice lies somewhere between day traders and buy and holders - tailored to specific personality types. It was published before the recent wave of behavioral economics books (to wit: Mind over Money: Overcoming the Money Disorders That Threaten Our Financial Health, which I have not read but was published in late 2009.

I didn't really feel like I matched any of Schott's personality profiles but there were a couple of things I like. First a quote:

Wealth accrues from a pattern of generally right behavior, not from trying to extract the maximum profit out of each and every situation, since one never knows what the maximum might be.

Which I liken to my baseball analogy: it's better to hit singles and doubles, get men on base and move the runners rather than hit a home run at every at bat. The next part I liked was Appendix B: Net Present Value: A Calculation for Confident Buying. For awhile I've been looking for methods to calculate values of companies that is short of getting an MBA. This is a great 3 page start.

Oh give me a home....

Every time I either drive or fly in and out of Los Angeles I think about moving. I grew up in a small town and being surrounded by so many people and so much stuff can be kind of clausterphobic. Plus it's hard to imagine having a family here. And houses cost a LOT of money. So I was interested when Barry Ritholtz (an investment professional cum financial blogger) commented on a site at Forbes about where Americans are moving (using IRS data).





(Look, people move to LA from the east coast and then from LA to the South and the west coast).

This tool would be a great compliment to Richard Florida's "Who's Your City" website (and book too, although I haven't read it). Choosing where to live is a multi-dimensional problem that is hard to contemplate. These sites are a great start.

Somewhat randomly the Wikipedia entry on Who's Your City says that my boy Tim Harford has been critical of the book. This couldn't be verified because Wikipedia's source was an article in Canadian Geographer (which I don't have access to) and the only mention I could find was Tim referencing Florida's work.

Book Report: The Girl Who Kicked the Hornet's Nest

The Girl Who Kicked the Hornet's Nest finale of Stieg Larsson's Millenium Trilogy and my 13th book of the year. A great book but bittersweet because of Larsson's premature death from a heart attack. Mostly the same characters as The Girl With the Dragon Tattoo and The Girl Who Played With Fire. Start reading now!

Book Report: The Girl Who Played with Fire

The Girl Who Played With Fire, book two of Stieg Larsson's Millenium Trilogy. I finished this book on a bus/train ride from San Luis Obispo to Union Station (Amtrak!). Then I took the FlyAway Shuttle from Union Station to LAX. Fun!


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