We are in a taxi in Paris – the four of us. PB gets a call. She gives us the sorry look and looks at the phone. She smiles.

“It’s L,” she says.

L is her daughter, her bright, beautiful daughter. We’ve known L since she was born.

“What’s up?” PB says to L.

For a full minute, she listens intently, the smile gone from her face. We wait anxiously, wondering how bad the news is.

”Okay,” PB says. “Now calm down. Here’s what you’re going to do. You’re going to go to the nearest Four Seasons. Speak to the concierge. He’ll be able to help you.”

Pause.

“Love you too!”

PB and her daughter are very close. And that’s a wonderful thing. Here’s the problem. L is a full-grown woman – a married, professional woman.

What We (Should) Want for Our Children 

“Of all nature’s gifts to the human race, what is sweeter to a man than his children?” – Marcus Tulius Cicero

When my children were infants, I wanted only one thing for them: good health. 

I’m sure every parent feels this way. The wish for a child’s health is deep and strong. It’s as deep as DNA and as strong as the survival instinct. It is, in fact, a manifestation of the survival instinct. In wanting our infant children to be healthy, we are, at bottom, wanting the deepest part of our selves – our DNA – to survive.

When my children were young, I would have stepped in front of a train to save them. I still would.

I’ll bet you would, too.

Putting our children’s survival above our own is a good thing. But it’s not a virtuous thing. It’s an animal instinct motivated by biology.  So there you go.

Actually, I lied. There was another thing I wanted for my children when they were infants. I wanted them to be good looking. 

I know how that sounds. And I’m quite sure most parents would deny they wanted their kids to be good looking. But I did.

And why not?

If I had any other wishes for my infant children, I can’t remember them. So let’s move on.

When they were toddlers and continuing through their early childhoods, I wanted my kids to be good at just about everything they did. 

I wanted them to be quick learners, agile athletes, and accomplished at any extracurricular activity they joined.

Wanting these things for them felt as natural to me as my earlier wishes for their health and good looks. But it wasn’t nearly as strong. I definitely wanted them to quickly learn and shine in all of their growing challenges, but I wouldn’t step in front of that train to satisfy that want.

I’ve noticed that some parents seem to spend most of their time ferrying their kids to activities, cheering them on, and hiring tutors and coaches to develop their skills. Other parents never show up. Some of them probably have no time. Some just don’t care that much. The intensity of my desire for my kids to be good at everything fell somewhere in the middle. I signed them up for activities and showed up now and then. But I never coached them. Or paid someone to do it.

I remember going to one of my eldest son’s soccer games when he was only four. At the time, he had only a passing interest in the sport. I mean that literally. He spent most of his time standing in the grass looking down at the flowers. Every once in a while, the ball would land in his vicinity, at which point he would casually kick it away, as often as not to a team mate. “Good pass!” someone would shout. It usually turned out to be the parent of the child to whom my son had unwittingly passed the ball.

I never considered myself a fanatical parent. (Although my kids tell me that when it came to writing, I was like “Bull” Meecham, the character in Pat Conroy’s book The Great Santini that bounced a basketball off his son’s head.) But I do believe that the desire to see one’s young child excel  springs from the same DNA that makes us want them to be healthy and good looking. In other words, it is a desire that is natural and good, so long as it is reasonably restrained.

I also wanted my young children to be well mannered. 

When they were very young, my kids’ bad behavior often amused me. Their temper tantrums seemed oddly cute. (I have never felt that way about other people’s children.) And truth be told, I feel the same way about my grandchildren’s bad behavior today.

But by the time my kids were four or five, I was rarely entertained by their bad behavior.

K felt the same way. She believed that one of our parental duties was to help our children function successfully and appropriately in the world they were born into, which was our world, the adult world. We wanted them to be happy, but not at the expense of making people around them – children or adults – miserable.

For many parents, disciplining toddlers and young children is a harrowing experience. It wasn’t that way for us. Teaching our kids good manners was relatively easy, thanks to K, who understood the importance of setting clear boundaries.

K was a genius at this partly because she believed in self-discipline and partly because she herself was self-disciplined. No excuse for breaking a rule, no matter how ingenious, was accepted. Penalties – mostly time-outs – were enforced with unwavering consistency. (I was virtually no help in this regard.) K ruled the roost, and our boys were generally obedient and cooperative without losing their boyishness and their native instincts to cause a fair degree of chaos wherever they went.

When the boys grew larger and realized their mother could not physically enforce the punishments she gave them, they became emboldened and would occasionally defy her. This is when I became useful and when they began hearing the universal maternal refrain: “Wait till your father gets home!”

K did not believe in spanking, so I didn’t spank them. But I did employ the power of my deeper and louder voice to get their attention. And if they refused to go to their bedrooms for a time-out, I would escort them there. That was largely successful.

As they moved into their mid-teens, I wanted my children to be emotionally resilient and mentally strong. That wasn’t a decision I made formally. It happened serendipitously. 

Once, when my eldest son was about 15, we got into a play-wrestling match. It began as fun but quickly turned into the test that most fathers have with their teenage sons – the chance for the son to show his father that he is equal to him in strength and courage.

I felt my son’s strength the moment we began grappling. I didn’t initiate the higher level of play. He did. Had I not been wrestling competitively for years, he would have whooped me.  But since I did have the skills, I “upped my game.” I was on the verge of winning the battle when I had a flash thought: “If you do this, you are sending him a bad signal.”

So I let him win – and it saved us both. I feel sure that by winning that match, I would have damaged his self-confidence deeply and permanently. And that would have damaged my sense of being a good father even more.

The experience, short as it was, helped me realize that what I wanted most of all for him at that point of his life was that he would mature into a person that was mentally and emotionally stronger than me.

That’s what every healthy minded parent wants. Don’t you agree?

When my kids were in their early 20s, I wanted them to become financially independent.

I’m not sure how I arrived at this one. It may have been in response to talking to the boys about college. It may have been because I realized that they would soon be living away from us and would have to fend for themselves.

By that time, our financial situation had moved well beyond the meager straits we were in when the kids were small. We had the resources to support them financially for the rest of their lives, but we knew that would be a terrible thing to do. They had become hardworking, responsible, and self-sufficient human beings. We didn’t want to ruin that by laying a path ahead of them paved with easy access to money.

So we didn’t. We told them repeatedly that they would inherit nothing from us – that if they wanted the luxuries that money can provide, they would have to earn it themselves. They wore clothes bought at discount clothing stores. They were not permitted to have their own TVs or cellphones. They did not get an allowance, but they could work for spending money. And when they were 16, we didn’t buy them a car, like some of their friends’ parents did.

We deprived them of all these things because we wanted them to learn how to earn on their own and, even more important, understand that they were not entitled to our or anyone else’s wealth.

And it worked. During their college years and in all the years since, none of them has ever asked us for a nickel. I am immensely proud of that.

Of course, when they became adults and had their own children, we wanted to help them out in every way we could. But they were adamant about wanting to be financially independent. And though we keep trying to help out with this and that, I’m secretly pleased that they don’t want – or need – our help.

Now that our children are in their 30s and even approaching their 40s, I have discovered yet another wish I have for them. I want them to be and remain independent thinkers.

There is so much groupthink in the world today. When my kids were in college, they were exposed to all the politically correct ideas and ideologies that are still popular among academics. Sometimes I worried that they would emerge with heads full of conventional thinking. What was the point of going to a university for that?

One of my sons, fresh out of college, told me that he thought the Antifas were correct in sucker-punching people whose opinions they disagreed with. This irked the hell out of me. We debated the issue. But I couldn’t convince him of the absurdity of his position. It wasn’t his position that bothered me. It was the fact that he was making an argument that he had been taught by some jackass professor.

These days, I no longer worry about that. None of my sons sees eye-to-eye with me on anything. They have their own views and, like their father, they like to argue about them.

But the thinking behind their arguments is braver and more nuanced than it was when they were younger. Each in his way is skeptical of trendy ideas and opinions, analytical, and willing to state his mind. That makes me feel like, “Yes, son. You are a man now. You  can march forward into the miasma of bad thinking that awaits you and survive!”

And although they all express themselves differently in terms of style and temperament, they all make their arguments with less irritation and more kindness than I did at their age. That makes me proud.

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serendipitous (adjective) 

Something that is serendipitous (ser-un-DIP-ih-tus) occurs or is discovered by chance in a happy or beneficial way. As I used it today: “As they moved into their mid-teens, I wanted my children to be emotionally resilient and mentally strong. That wasn’t a decision I made formally. It happened serendipitously.”

Camp David, the oft-mentioned presidential retreat, is located around 60 miles from Washington, DC, in Maryland’s Catoctin Mountain Park. Officially a US Navy installation, it was built by the WPA in the 1930s to serve as a camp for federal employees and their families, and was formally named Naval Support Facility Thurmont.

In 1942, during WWII, the camp was turned into a refuge for President Franklin D. Roosevelt when it was considered no longer safe for him to spend time on the presidential yacht, the USS Potomac. Roosevelt called it “Shangri-La,” a reference to the Himalayan paradise in James Hilton’s novel Lost Horizon. When President Eisenhower took office in 1953, he renamed it Camp David to honor his father and (then five-year-old) grandson, both named David.

“More Than Money: The Good Life Parable” 

In this short film about a well-known fable, a fisherman teaches a young businessman about life after the young man uses his MBA knowledge to explain how the fisherman could be more successful.

A good retelling of an old story. LINK

Art Collecting: Learn While You Earn* 

 

“The only time life allows for happiness is the present. Right now. In this very moment.” – Michael Masterson

 

Investing in museum-quality art will make you richer financially as the years pass, but owning that art will give you a richer experience of life every time you look at it.

Like literature, art can make statements and tell stories. Like music, it can stir up strong emotions. And like dance, it can elevate your notion of beauty.

This is the softer side of art collecting – and this is why I like it so much.

I won’t try to convince you of it now, but I believe that the three best ways to enjoy life are through loving, working, and learning.

To enjoy the people you spend time with, you must love them. Loving them – not being loved by them – is what provides the real pleasure.

To enjoy what you do in life, you must find work that is meaningful to you or you must find meaning in the work you do. Then you must work long and hard at it with purpose.

And to enjoy the things in your life, you must acquire things that are meaningful to you or find meaning in the things you have. Then you must devote your time to learning about them and from them.

It is that last secret to enjoying life that we will be exploring here.

 

Art can describe things… 

One type of art that I love looking at is what I call, for a lack of a better term, descriptive art. By that I mean images that describe events and situations in vivid detail. I learn from that sort of art by studying the details and trying to put them together to arrive at an understanding of what is actually going on.

For example, I love the work of the early Dutch painter Hieronymus Bosch. I like the imagery in his murals and triptychs. I particularly like his grotesque depictions of hell, showing the many ways sinners will be tortured for eternity. (To see one of my favorites, do a Google search for Hell 2 by Bosch.)

I love looking at 15th-, 16th-, and 17th-century Flemish paintings of everyday life, as well. Van Eyck… Brueghel… Rubens… give me a window into a different time, a world that no longer exists. I like to see what the people are doing, how they are dressed, and the tools they work with. (For a few examples of what I’m talking about, do a Google search for Magdalen Reading by Rogier van der Weyden, The Moneylender and His Wife by Quentin Matsys, and  Hélène Fourment in a Fur Cloak by Pieter Paul Rubens.)

 

Art can tell a story… 

Do you remember how, when you were very young, you could read a story over and over without any decrease in the pleasure it gave you? That’s how I feel when I look at the work of figurative painters like Andrew Wyeth.

I call this narrative art (again, my term) because it tells a story. And like literary fiction, I don’t like every narrative painting I see. But when I do like one, I am able to get never-ending pleasure from it. Each time I look at it, I slip into a reverie that feels both fresh and nostalgic.

For me, the best narrative art is not explicit in its storytelling. There is a story there, but it is not obvious. Its value for me lies, interestingly, in its lack of detail – the opposite of what pleases me about descriptive art.

When narrative art has too much detail about the story, my pleasure wanes the more I look at it. Thus, though I like Norman Rockwell, I can’t get the lasting pleasure from looking at his work that I get from a painting by Andrew Wyeth.

 

Art can make a statement… 

For as long as art has existed, it has been used to make social, political, artistic, and even personal statements. I think of this as rhetorical art because its purpose is to persuade. Examples that pop to mind are Eugène Delacroix’s Liberty Leading the People, Francisco Goya’s The Third of May 1808, Pablo Picasso’s Guernica, George Grosz’s Grey Day, Frida Kahlo’s Diego and I, and Ai Weiwei’s Law of the Journey.

Then there are the genres: the nationalist poster art of WWI , the patriotic illustrations of Norman Rockwell and his imitators, WPA art, the Mexican muralists, the Chinese communist posters, the Chinese anticommunist realists, the American graffiti artists, etc.

In terms of medium, style, and expression, they run the gamut. But their purpose was the same: to promote an idea, ideology, or view of the world in a didactic way. Their work was meant to inform and enlighten, not to inspire or please.

And yet, many of them were masterfully done and have entered into the heights of the most sought after art.

I am fascinated by poster art but I don’t collect it. I do invest in the modern Mexican muralists and many WPA artists. The best pieces are out of my range. Those I visit in museums. I do not enjoy them for their messaging. I dislike overt messaging in every realm of art. What I like, usually, is the bold imagery and the colors. Yes, they are making statements. But if you enjoy the art, as I do, you can ignore those statements.

 

Art can stir up useful feelings… 

In my collection of paintings and sculptures, there are a fair number that move me in ways that I can’t quite understand. Most of them are either abstract or impressionist, not realistic depictions of dramatic events or scenes. But the emotions they provoke are strong and consistent. One painting may stimulate a vague nostalgia. Another painting may prompt a bright feeling of hope or optimism. Yet a third painting may evoke a feeling of dread. I don’t know why.

I do know that I tend to look at these paintings on purpose – not accidentally.  On another day, I might pass by an impressionist view of a silhouette of a black boat in a green lake against a yellow sky, but today I stop to look at it because I know, subconsciously, that I need a dose of the feeling it always gives me.

I might look at a small sculpture that I own by Henry Moore when I need the stimulus to be more serious about my work, or look up a photo of a sculpture by Umberto Boccioni when I need an aesthetic injection of emotional strength.

I’m quite sure that most people that rarely look at art would think that what I’m saying here is absurd or fabricated.  But I’m equally sure that people that look at art regularly know exactly what I mean.

There are drugs that can probably do the same thing. But I prefer art.

 

Art is accessible… 

As I said in the first installment of this series, you can get the emotional benefits of art without spending a nickel. Art is everywhere. Not just in museums but in restaurants and retail stores and public parks and even in the homes of your friends.

Art is also accessible in terms of education. You don’t need a college degree to benefit from it. The street sweeper in Florence, Italy, has the same capacity as the CEO of Ferrari to enjoy Michelangelo’s David. The laborer cutting grass on the Florida millionaire’s estate has the same capacity as the estate owner to admire the Fernando Botero sculpture sitting in that very garden.

Wealth, in fact, can actually be a hindrance to the enjoyment of art. I know more than a handful of wealthy people who buy art and pretend to enjoy it. They believe it gives them prestige. They fill their homes with “limited editions” from well-known artists, such as Salvador Dali and Marc Chagall. To that same end, they fill their garages with Porsches and Lamborghinis. I sometimes wonder if – aside from showing off their trophy pieces to visitors – they ever even look at them.

Having a college degree (even a graduate degree in art history) might help you talk impressively about art. It might provide you with the vocabulary to describe the technical aspects of a piece or explain its historical context. But it doesn’t give you an advantage when it comes to really seeing art or enjoying it in a personal way.

And you certainly don’t need a college degree to invest in it.

In the next installment of this series, I’ll tell you why my art collection has appreciated as much as it has. It’s the primary reason so many ordinary, amateur art lovers have acquired amazing, multimillion-dollar collections.

For now, I’ll leave you with this:

 

Five Good Reasons to Invest in Art 

  1. If you buy smart, art can bring you very good returns, as proven by several indexes, including the MMAA.
  2. It is not hard to understand… especially if you limit your collection to a handful of artists whom you can study in depth.
  3. Investing in art – even museum-quality art – is something anyone with a middle-class income can do.
  4. As I pointed out in my last essay, art has benefits that you can’t get from a stock portfolio. It is, for example, tangible, portable, and insurable.
  5. Most important, if you love art, it can give you ideas, thoughts, and feelings that will enrich your life immeasurably.

* This series of essays gives you an advance look at a new book that I’m working on, based on my experiences over the past 40+ years as a collector and investor in fine art.  

 

This essay and others are available for syndication.
Contact Us [LINK] for more information. 

“Freedom Isn’t Free” – a powerful speech by President Ronald Reagan. I don’t know enough about Reagan’s career to have a strong opinion about it, but I can think of only two other presidents in my lifetime that were as good as he was at speechifying: Kennedy and Clinton. To watch the speech – which includes Reagan’s dramatic reading of “A Soldier’s Pledge” – click here.

fractious (adjective) 

Fractious (FRAK-shus) means quarrelsome; irritable. As used in a recent article in The Economist about the debate, in China, over whether a 14-year-old girl was a victim of rape by her wealthy guardian or a willing partner: “Bored and fractious after weeks of quarantine, many have followed the case eagerly. With each twist in the tale, the public mood has swung.”

X-rays – a form of high-energy electromagnetic radiation – were accidentally discovered in 1895 by Wilhelm Roentgen, a German physics professor. Not knowing what they were, Roentgen called them X-rays – with the X standing for “unknown.”

An email from CO:

I’ll read any wealth, business building, etc. book that you put out. (I’ve bought a few of them multiple times.)