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Showing posts with the label money
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 Pondering how the Vanderbilt fortune was tragically spent away in 3 generations, lions also recognized the only reason anyone ever heard of the Vanderbilts was the mansions.  The 1st descendant grew the fortune.  Then the 2nd descendant converted it into the mansions rather than truly spending it away.  Similarly, Hearst was only remembered because of his castle & Carnegie was only remembered because of his institution.  If the vanderbilt fortune was kept intact, they would have sacrificed fame for wealthy descendants.  In the case of a lion, the fortune just isn't big enough to buy anything that would be remembered.  A house lions could afford might be remembered by the next owner, before millennials tore it down & turned it into a grey Frank Lloyd Wright.    -----------------------------------------------------------------------------------------------------  For a good time, compared the 8 day forecast with the actual te...
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   50 on camera.  20 on GPS.  Really fast after Sunday's 9 minute paced long run & going back to walking every other day.  It just takes a lot longer to get anywhere.     Boy did AI make human labor expensive.  10 years ago, the headlines about twitter employees making $175k dropped.  Houses quickly surpassed $1M.  Now the headline employees are making $1M & 7 figure houses are starting to get rare.  Those jobs are specifically for keeping up on the daily research papers & replicating every new trick being announced. With the next leg of wage inflation underway, the guys draining their life savings on $2M houses in Marin county 2 years ago are rapidly being vindicated.  $2M is downright quaint now. Even with last year's high end of $400k, houses would easily top $4M.  10x house to income has been the normal ratio for so long, no-one has any memory of it ever being 4x.  It could easily become 20x without a...

Lions remember Carter

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Carter became the 1st president to actually witness 100 years of the country's history.   It happened at the same time Iran rejoined to the 100 year arab war, almost like Iran was celebrating its buddy's birthday.  Lions only remember the media promoting him as a nice guy & none of the reality of inflation, the arab war, unemployment.  Lions still remember living in the cheapest 1 story floorplan in south San Jose in 1981, hearing the kids say this tough Reagan guy was going to fix everything & pondering why no-one wanted the nice Carter guy.  There was a boy, probably german & asian girl in the next 2 houses.  The asian girl took to being repelled by lions.  Lions once ventured in a 2 story house next door & saw the afternoon sun peering through a foggy window into the darkened stair well, with plush red carpet. The ice cream truck was a big deal every afternoon, but lions didn't have any money.  Most everything was a buck. ...