Fast Company.com Blog Comment

I just posted a comment to Heath Row at the FastCompany.com WebLob regarding declining military officer retention.

Recommend Books by Career Coach

A couple friends asked me what books the career coach recommended ashomework before we meet.  So here they are a rampage of psychologyand self-help.

The Inner Game of Work (Tim Galway)
Radical Honesty (Brad Blanton)
Evolve Yourself (Rich Rahn)
The Art of Possibility : Transforming Professional and Personal Life (Benjamin Zander)

So far I've read half of Art of Possibity and about two-thirds of Radical Honesty.  I must say Radical Honesty is quite disturbing in a good way.

Grammie Wisdom

I have decided to post tidbits of wisdom I hear from my grandmother.  She's 85 and my inspiration for investing.   She doesn't play slot machines she plays the stock market and has successfully since the 1940's. 

When I asked her about gold hitting $600 an ounce.  Her comment was, "it's going much higher".  She once showed me a letter from her father written in the 1930's.  It said, "In times of uncertainty, put your money in the ground.  Buy gold, oil, metals and such."  She's pretty good at this stuff.  Watch out!

Review of Don Pasquale at the New York Metropolitan Opera

I saw Don Pasquale by Donizetti at the Met Friday, April 7th.

The Met's production of Donizetti's Don Pasquale is  opera buffa is comedy at its best.  Itis rare that something sung in a language foreign to most of theaudience will bring a theatre to belly laughs – but it happened to usat the Met on Friday. 

The recent fashion at the Met for hiring young, attractive and dramatically talented singers pays off.  The sexy Russian Soprano Anna Netrebkostole the show and had many of us swooning when she sang seated on theedge of the orchestra pit dangling her legs above the brass section.  Thenumber of times that I or someone seated around me said, “Damn that wasgood” at the end of an aria shows just how powerful the talents ofNetrebko and Peruvian Tenor Juan Diego Flórez really are.

Don Pasquale has not been in the Metropolitan Opera repertoire for quite some time.  As a matter of fact it was the first time I had seen it.  I would highly recommend seeing this production.  Thisis a performance not to be missed. There are still six moreperformances with the cast I saw and apparently only the Saturdayperformance is sold out.  Get there while you can.

Link to my old blog at 360.yahoo

http://blog.360.yahoo.com/neubertdave

I am still trying to figure out how to import all those other entrieswithout doing cutting and pasting. The QuickBlog tool from godaddyreally isn't that good.

Grounded Opens Basictea.com

WARNING: This is a shameless promotion of a friend's new business.

The brother and sister team that owns and operates  Grounded Coffee and Tea have started a website to sell the same organic teas they sell in their cafe at 28 Jane Street, in New York.

Best of luck to you, Mark Greenberg and Jen Greenberg

The new business is called Basic Tea.  The web address is www.basictea.com
To see photos  on flickr of Grounded Coffee on Jane Street click here

Portfolio Trade - TIP

I have been buying TIP (iShares Lehman TIPS Bond Exchange Traded Fund) over the last two days.

WHY?
1. Yield is now over 6%.  I'm getting inflation plus about 2.5%
2. There is no state income tax on  US treasury interest.
3. I want to have longer bond exposure but I don't want to take the inflation risk and these bonds cover that for me and at a higher current yield than fixed rate treasuries.  Based on the prices of TIPS (Treasury Inflation Protected Securities)  and , the market is betting that inflation will fall
4. Holding TIPS in a taxable account is a bit complicated because you have to pay tax on the inflation accrual.  These ETF's pay out the inflation accrual as a dividend and thus simplify the tax reporting.
5. It isthe only asset with positive inflation correlation that is going down in price right now.

Financial Pipeline has a nice explanation of TIPS.

No Need for American Military Coup

The April 2006 issue of Harper’s Magazine contains an interesting discussion on the possibility of an American military coup d’etat.  The assembled military thinkers on the panel basically dismiss the idea that a military takeover would be possible right now. They note that the bureaucratic institutions in the country from the police force and courts to Pentagon underlings would not follow orders.  However, the most important point is that it is not necessary for the military to have coup.  They have enough influence over the media, popular opinion and politicians that there is little necessity.  Our military is a justifiably important component of our democratic system.

Edward Luttwak  theoretically envisions, “What about a situation in which the military was ordered to start a war that it did not believe could be won?  Imagine that President Bush orders the American armed forces to effect a landing … and march up to Beijing.”  The theoretical response by our current PR/politically savvy military to protect from such tyrannical order is I think rightly set forth by Professor Andrew Bacevich , “The military would leak (the plan) to the Washington Post and the war would never happen.”

In this way the American military is not engaging in a coup but instead participating in the same lobbying oriented political system in which corporations, non-profits and interest groups participate.  I would not call this a coup at all.  Currently, our military is more trusted and respected than our politicians.  The fact that a non-democratic authoritarian organization (necessary to a military expected to be effective in battle) is participating in the political process actually reinforces our respect of democracy.

Manhattan Blind Date Idea

Most blind dates are a risk.  I have not been on one in quite awhile but thought of this idea at the MOMA (New York's Museum of ModernArt) on Friday.  I imagine it would be nice whether or not yourdate turns out to the person you like.

1. Choose and artist currently on display at the Met. (Let's say you pick Paul Klee).
2. Go to the MOMA website, www.moma.organd look up the artist.  They have a nice little search tool thatlets you search the collection.  Print out the curators notes onone or two pieces. 
3. Over pre-museum drinks go over the information. (I think it might bea good idea to warn your date you might do this.   After aquick drink head over to the MOMA and go directly to thosepaintings. 
At this point if you don't like your date or vice versa, call a politeend to the evening.   At worst, you both learned somethingnew and interesting.  Maybe she even recommends you to afriend.  If you and your date continue to want to get to know oneanother you can wander the rest of the museum.   It's abeautiful  place to talk and walk.

I'm going to try to come up with other good ideas for firstdates.  Nothing is worse than spending 90 minutes over dinner withsomeone you don't like. 


By the way, the Munch Exibition on the sixth floor is great.  I highly recommend it. (on until May 8th)

Treasury Futures

Just covered (bought back) about 1/3 of my short US Treasury bond futures position.  We seem to get technical bounces after moves like this.  No point in getting cute and covering more than that though.  I think it's just a short term bounce.  Nothing has changed in my long term view that the risk reward of being short US Bonds is favorable.