Stock Operator

This book was recommended by last employer CEO. It is based on the life of a stock trader Jesse Livermore from the early XX century.

One of the first shocking things in the book is in the introduction. This is a book about speculation.

That tells you a lot what was the market before, and what is today.

He made millions trading, lost them, recover, and at the end commit suicide. Still the book has good points for a trader point of view. I will never be a trader, because long term, very few, win.

I like his beginning in the trading world. He was very good at the bucket shops and he was forbidden to trade once he beat the house each time. Like in a casino.

One thing I realised about his trading in bucket shops is, his actions didn’t have impact in the market so it was a very reliable technique. But when he moved to the real market, he struggled. It is like the Schrodinger’s cat, until you dont trade, dont know if the stock is going to go up or down. And the other one, is the execution time. Low latency in those times were via telegraph lines, and they were critical. It is seems Western Union started in that business. If you have to buy many shares, very likely you will not buy all of them at the same price (it will go up, so it will be more expensive for you) and it will take some time. So for that period of execution, you are a bit at the mercy of the “market”.

There are many references to other early grate traders, scandals, crisis, etc. It was interesting how the American Civil War was financed by selling bonds to the European markets and then how during the WWI, all Europe gold came back to USA to finance all the arms needed for the war.

War is business. And then, they tell you is patriotic.

Another curious thing, is the trade of cane sugar. There was so much sugar that it was needed a market for it so it wouldn’t crash… then it was invented our “sugary breakfasts” and the chocolate bars!

At the end, I noticed that the whole trading experience could be repeated in our days without much difference. Maybe without the excess like the Wolf of Wall Stree movie/book.

Our Planet

This week finished a book from David Attenborough. It is impressive how much the population of the planet has increased since he was born (1937) until 2020. Based on the book is from 2.3 billion people to 7.8 billion. And how much the wildnerness has decreased in the same period (from 66% to 35%). Keeping mind we had two WW in XX century…

The first two parts are quite pessimistic with all the damage we have caused. But then he offers option for the present to save the future.

The main focus is recovering wildnerness in the world. We need to move to a more sustainable economy (it is not going to be pretty for the super rich and powerful countries) where growth can’t be the only measure (NZ has done something about it). We need to use less (the richest person is the one who has less needs said my grandmother), reproduce less (hello religions!!!). We need to use clean energy. This is a hard topic. Batteries and solar panels need to be more efficient, cleaner to fabricate and recycle. Most of the components have to be mined…. But yeah, the sun energy is a big deal. How much we can get from deserts?

For Nature itself, recover the oceans with policies to avoid over fishing and let recover the wildnerness. The book give the example of Cabo Pulmo and Palau as examples and the benefits of doing so. Better fishing, more sources of income. Win-Win.

Reduce the farmland footprint and let the forests recover their strength (with all the fauna included). This focus in meat consumption. I dont believe becoming vegan is the solution but eating meat every day is not needed. Our grand parents didnt eat meat everyday, that was a luxury. And not long ago, you had to pay the Church for eating meat (“la bula”) So I strongly believe in eating more green (but not manufactured stuff….). I dont see the point of cutting more trees to grow soy for producing meat-life products instead of raising cows. It seems 60% of farmland is dedicated to only beef, crazy. This is quite connected to the global populations too. Imagine if India were a beef-eating country….

Improve agriculture with regenerative farming. I believe in this, although I feel quite naive and romantic about this subject. It is a dream to have your terrain with several types of fruit trees producing good products every year, depending on the season, having your vegetables growing among them, and bees!. And not using any pesticide. Dream. I am pretty sure the yield wouldnt be very constant but this is built for balance. You have several crops… In a world with less people and not based in extreme-capitalism (surplus surplus!!!!) it would work (I hope)

The book says we are reaching our population peak but I dont believe, because religions dont want that, nationalism dont want that. But this is one of the last shift and I guess more difficult one. Changing/adapting ourselves.

If we allow it, life finds a way, like in they city near Chernobyl. It has been recovered by the forests!

At the end of the day, it is always the same solution. Balance. The virtue is in the middle (it seems Aristotle said that).

This time is not different

I had this book in the pipeline. It is a bit technical but is interesting as it tries to provide data for several centuries about financial crisis. That is quite challenging not just because governments from middle age didn’t have much accountability but even nowadays the authors struggled getting hard number regarding domestic debt.

The book was written about the subprime crises in 2007-8 so that’s the main focus to proof that the event is not that different from other crisis. And it is remarkable how many crisis I have been through since 1980s without really noticing (but my parent sure they noticed…)

The book preface is super direct. The one common theme to most crisis is the excessive debt accumulation (governments, banks, corps, consumers). Even during a boom. So debt-fueled booms are not very healthy. And it was proved during the subprime that the financial markets dont correct themselves.

One of the most interesting points of the whole book is the evolution of default-prone countries (like France and Spain) to “stable” ones. This graduation process is long and hard, and not many pass the exam. As well, there are a lot figures about deb before 1929 crash, post WWII to put thing in perspective.

So it was interesting read mainly for the historic background and our psychological naivety during crisis times. At the end of the day, the economic is a cycle.

McPeace

MM is one of the few people I read/folllow and his newsletter (and books) is one of the best in my opinion. And today I had a laugh about this week entry. I have never heard about the impact of CO2 with obesity but who knows. The funny part was the theory about the “world peace period” is mainly chased by the big corporations (McDonalds, Dell, etc) because war doesnt make profit for them. In one side, makes sense, USA-China are like a old married couple, standard war is not profitable. Just do it somewhere else.

Persopolis

I wanted to read this book for some time. It became a hit in its time and there was a movie. But to be honest I wasn’t sure what was about. So finally managed to get a copy and read it. I was surprise that it was a comic novel but really enjoyed.

I read it quite fast, it was engaging and when you finished, you wanted more.

But it clearly made me think. How was Iran before, during and after the revolution. What a curse can be the oil. How shit we are the western nations. How shit we are human beings. How the author had to go through so many different stages in life to find herself, find the connection, find your belonging.

And, as many times tell myself, how lucky like I am, although some times struggle with it.

There is a point in the book, when the Irak-Kuwait war in the 90s triggered a panic in Europe, like it was the end of the world (like with covid lately) and Marjane parents laugh at it because the war was so far from Europe and they have already went through several years of war.

Practice

I wrote an entry based on a blog from Seth Godin some months ago. I was curious about the guy and I subscribed to his blog and bought one of his books. I finished last night and it as good things.

You can take it as directed to marketing people but you can use it for nearly everything. At the end of the day, it is not talent. It is practice and attitude. This is a concept I have read in different ways from several books like flow, midset, etc. And with practice, at the end, the result takes care by itself. You focus in the practice. You have your goal, you know why you are doing it. You can’t guarantee the result, dont worry about it. Just put yourself in the hook. You can’t please everybody, know for whom you are doing it. Trust yourself, you dont need external validation (MBA, CCIE, etc)

If you take this from the bright side, it is great, you can achieve most things in life with dedication. You dont have to born with the skill, wait for the muse, have the holy inspiration. You can be the tortoise and still win a race. And, it is a stop to the excuse of “I am not smart”, “I am not beautiful”, etc. So, turn up, start moving, do the job, dont overthink it, dont wait for the inspiration. Simply, repeat. There are things we can control, and others not.

In part of the book, I wondered, how all this fit with the concept “work-hard”, “work long hours”, “work-life balance”. Sometimes got the feeling that all this denies to have “a life”. It is great to enjoy your job, it is so important for social, financial and psychological reasons. But does it have to be ALL?

Learning and education is not the same. Learning is voluntary, it can be ugly as it requires some tension and discomfort. If you get something done without effort, you dont enjoy it. Here personally, as per “flow”, it has a manageable difficulty, something that makes you grow. Drop by drop you fill the bucket. I dont need everything now.

Something that I liked a lot: “Play to play, not to win.”

Scarcity and creativity: Actually everything is out there and there is plenty, it is up to grabs. Determination (your practice) is what you need. This plays with the concept of “The fear of falling behind”. It is something the current society makes a believe: extreme capitalism, social media, etc.

it is a good book, you can take positive things from it.

Ark

I fancied something light to read. Oh, how enjoyed those memories when I wished to be an archaeologist like Indy. It was like watching the movie again. I didnt care I knew every twist. It brought me some smiles. Pity I devoured it so fast. Will get to the last one at some point.

Flow

I had this book in the pipeline after reading “mindset”. I dont know but some part of me always think that I am going to find my universal solution in a book. The good thing, the other part knows that is not possible. We are happy at the end. My goal is to reach a stable state of “contentment” and resilience enough to weather anything found throw life. Contentment is enjoying (different from pleasure) what I do: working, cooking, reading, sport, etc. In balance. The books explain the search for happiness in our world. How the materialistic approach doesnt work and why and how some people reach it. You need a challenge, effort, instructions, goals, feedback, etc. One quite important thing is the challenge has to be possible with our skills. So we can improve our skills and grow. If it is too much, you may not even try and if you try, you will fell worse. This is very important in the work environment where all of us spent most of our time. How would be your life if you enjoy your work? I have reached a point, that enjoying is the most important point. And yes, money is important, but is not all. It is a balance. But not all is work, so finding meaning outside work is important too. So as the author says, the goal is to have a “flow” life. There is no work-life, family-life. There is just one life. And we need to find the way to enjoy our work (life)

I was quite surprised with the section about “The Waste of Free Time”, just two pages, but hit me hard. How eager we are for having free time but then we dont use it properly. It is mainly for the entertainment industry benefit.

“The future will belong not only to the educated, but to who is educated to use her/his leisure wisely”.

Another section very close to me is “Solitude”. It remind me to a Rafael Santandreu book. In a society/world where everything has to be connected. To be alone, looks like a recipe for disaster. But it doesnt have to be that way. I am in that path. For that I think it is very important to put order in your mind, and avoid “chaos”. Again, it is putting your goals, getting feedback, instructions, etc. It is your meaning.

Catching Lights

I finished “Greenlights” and really enjoyed. I am not very keen of famous people as I think they are overrated but I had watched some motivational videos from Matthew McConaughey in youtube and decided to give it a go.

BTW, this is the best definition (minute 2) for trading you can find anywhere. After this you will not need to apply for a MBA.

It has been a very engaging read, the typical book that you wish it had more pages. It is about “livin” as they author writes. You see the experiences, problems, adventures of a human being. With all the lessons. It is like spending a whole night with a person you just met or a good friend, enjoying dinner, and a drink (or two) and a smoke (or two) and you open up totally, mutually: good, bad, worse, best things. Until sunrise. Intense but soothing .

When you dont have much social interactions, sometimes, you only source of “experience” apart from yours, it is a book. And I feel I learned from it.

So, I need to start catching my own lights.

The Art of Memory

I finished this book and to be honest it has been a bit of a “tostón”. I read it because was referenced from another book (I dont remember which right now) and I thought it should be interested.

The book starts in the Greece of Socrates/Plato times. Socrates didnt write anything and all his lessons/learning were oral. All we know come from Plato. So all teaching from Socrates was based on Memory. And obviously you had to memorize a lot and techniques to do that should exist (and of course were not written). The idea was to find a building and create a history from its features. Kind of mnemotechnics. As well, we have Aristotle.

I have been always more keen to understand things than memorize but there are cases where you have to memorize and the rules has been always repetition and brute force. But in some few cases, I have learned to use mnemotechnics and I dont know why this technique is not taught more often. I will always remember EIGRP parameters (bad dog loves red meat – b d l r m – bandwidth delay load reliability mtu) and BGP best path decision process (NWILLA OMNI – I have in my mind the spanish footballer David Villa playing in Africa)

So until that point the books was good as a history refresh.

Then we moved to the Middle Ages with St Thomas Aquinas, St Albert Magnus as next figures in the art of memory using the old Greek master. I always remember St Thomas Aquinas as the person who converted Aristotle writings to Catholic views. And St Augustine, who converted Socrates/Plato to Catholic. So the Church in those times could cope with the new threat of people using their brains. Here things get messy in the book and start losing track. Things looks a bit esoteric, magical, the ocult.

And when we reach Ramon Llull, I feel quite lost. The book start talking about Cabala and some other things. I had some reference from RL before (it is the main university in Majorca and wrote in catalan) but nor much more.

Moving forwards to the Renaissance, I hit two figures totally unknown to me: Giulio Camillo and Giordano Bruno. The first one, built a theater for the King of France as an example of memorizing the universe. And Giordano write several books about the art of memory that look quite complex due to esotericism, occultism, magic and references to Egyptian religions, etct.

In the last part we reach the Shakespeare times and the architecture of the Globe theatre as example of art of memory. Big debate if it is a circle or hexagon originally.

And finally, Leibniz, that refers to Ramon Llull as one of his references to create a common language that turned up to be Calculus.

It is like all this occultism, turned up as just Mathematics. In other references to Newton, he tried to convert lead into gold, and tried a lot of crazy stuff. So it looks like it makes sense that the begining of the science we know today was pretty much connected to esotericism, hermetic, occultism, etc.

I checked the author, Frances Yates and it seem she focused on esotericism.

Anyway, I tried to take positive things, mainly historic. And I learned from “new historical figures”.