Wrestling Unknown Knowns: Better Investing

Department of Defense photo

Department of Defense photo

Remember Donald Rumsfeld, Defense Secretary from 2001 to 2006? In response to a reporter’s question about weapons of mass destruction, he offered us valuable epistemological insight into known knowns, known unknowns, and unknown unknowns. Here’s a link if you have 35 seconds to enjoy a little history.

Mr. Rumsfeld never mention unknown knowns, with which investors often wrestle. Continue reading

Prayer Threatens Our Turmoil: Monasticism—Part II

Some of the Monastery staff

Some of the Monastery staff at lunch

Visitors are welcome at most monasteries. After my first day, new people arrived and the three men, who had been there a week, headed home.

We had all come to Our Lady with different stories. P. (I’ll use only first initials) recently left a ministry in upstate New York and was spending a year in discernment. She lived mostly in a retreat house in Arizona, and came to Our Lady for one week. D. lived locally, helping care for her aging parents and managing a store owned by her brother. She needed a break and wanted prayer. Continue reading

One Thing at a Time Quiets a Mind

Carlsbad Cavern

Carlsbad Cavern

Maybe incongruities in daily life give rise to neurotic tendencies. A woman must earn a living but doesn’t like her job; a man loves his children but fears responsibility. Or this one: people want time alone but don’t leave their cities or suburbs. Continue reading

Interval Training in Long-Term Marriages

Driving in Mississippi

Driving in Mississippi

It’s raining and I’m sitting in a motel in Brookhaven, Mississippi, waiting for winter storm Remus to move through. Then I’ll continue driving, across the great river and northern Louisiana, then Texas and into southern New Mexico. I’m alone; my wife stayed home. For me, being alone is good. Continue reading

Battling Age with Active Living: Photos of The Villages

Gallery

This gallery contains 24 photos.

Yesterday you read about The Villages and today you can see a gallery of 24 photos taken about five days ago. I hope they give you a sense of what life may be like there. To enter the gallery, click on … Continue reading

Battling Age with Active Living: The Villages in Florida

At The Villages

At The Villages

Are you retired and thinking of change, maybe moving to a warmer climate where seniors who drive like seniors are welcome? The Villages, a large retirement community in central Florida, may be for you.

My wife and I just spent a couple of days at The Villages visiting friends—two of about 110,000 people living there part- or full-time. The Villages occupies about 35 square miles and is growing fast.

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Winning the Loser’s Game

Securities markets depend on markets for goods and services

Securities markets depend on markets for goods and services

Most of us enjoy movies, and there is a new one freely available on the Internet entitled, “How to Win the Loser’s Game.” If you have or want investments, this video is an excellent way to learn the essentials of investing. Fix some popcorn, open a soft drink and settle in front of your TV or computer. You will hear clear explanations of key ideas along with good interviews of people involved in creating modern investing.

Viewers can watch the film in one showing of 80 minutes, or in ten parts of varying length. The film comes from Britain, and the narrator has a pleasant British accent, adding perhaps a touch of class.

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A Winner: Passive Investing in 2014

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With the end of 2014, year-end investment returns are coming in, and two noteworthy results are these:

  • Passive investing, especially with Vanguard Group, continues to gain momentum
  • Passive investing, according to preliminary results, produced higher returns than many competing styles of investing.

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