What can one person do in a single lifetime? 

For the first 50 years of my life, I don’t think I read a single biography or autobiography. But as I stepped hesitatingly into what I optimistically thought of as Part II of my life, I became interested in people that left their marks on the world.

In the last two decades, I’ve read about a dozen biographies and one autobiography, as well as a handful of memoirs. Some were authors (Ernest Hemingway, Ezra Pound, Jack Kerouac, Edna St. Vincent Millay, Jane Austen, and Joan Didion). Some were businessmen (Andrew Carnegie, John D. Rockefeller, and Donald Trump).

I read two biographies of Henry Flagler. I think it was because of how much he accomplished after he retired from building Standard Oil with John D. Rockefeller. He moved to Florida and spent the rest of his life basically building four of Florida’s most important cities. St. Augustine, Palm Beach, Miami, and Key West.

The standard view of aging is that, at 50, the slope of one’s life is downhill. But, of course, it doesn’t have to be. By the time I hit 50, I’d had some success in business, but failed to accomplish anything that I had dreamed about when I was younger. I’ve been busy knocking off some of the items on that list ever since.

I’m not sure why I’m telling you this. Perhaps to explain why, last week, when I had the chance to read a short biography of Noah Webster, I was once again inspired.

Continue Reading

About Noah Webster

Noah Webster was born in Hartford, CT,  in 1758. He died in New Haven, CT, in 1843.

He had a successful career as a teacher. And a secondary career as a politician. But the great thing he did was his work as a lexicographer. He was the Webster behind the Merriam-Webster Dictionary.

After the US won its independence in 1776, Webster noticed that there was something in the post-revolutionary air of the country that wanted even more separation from the old world. In almost every aspect of human endeavor, from law to business to arts and politics, Americans – Webster included – wanted to do things differently than they had been done under English rule. And so, he devoted a good part of the rest of his life to chronicling that development in an area he was particularly interested in: language.

His ambition was to publish a dictionary of American English that identified all the ways it was moving away from British English. One relatively easy task was to record orthographic changes, such as changing the spelling of “honour” to “honor” and “centre” to “center.”

But the real challenge was to create a dictionary that was actually better in many ways than the best-known English dictionaries that existed at the time, such as Robert Cawdrey’s A Table Alphabeticall (1604) and Samuel Johnson’s Dictionary of the English Language (1755). And that meant digging into the history of the English language and its already vast and complicated evolution from Old English through Middle English to Modern English and finally to Modern American English.

To accomplish this ambitious task, he must have been working 18 hours a day for decades. For example, to examine the etymology of the words he included, he learned 28 languages (at least the basis), including Old English, Sanskrit, and Russian.

At 70 years old, he finally published his masterpiece. The two-volume tome defined 70,000 words, 12,000 of which had never been in a dictionary before. It has been printed in four editions since its initial publication, and remains one of the most influential reference books in history.

The next time someone tells me I should be kicking back and enjoying my 70s, I’m going to tell them about all the things I’ve not yet done… and then I’ll tell them the story of Noah Webster.

Continue Reading

Jerome Powell is in trouble. 

In a recent issue of Bonner Private Research, Bill Bonner wrote about the problems facing Jerome Powell and the Federal Reserve:

“Inflation has already returned to levels not seen since the 1970s. The Fed needs to stop printing; everybody says so. But if Powell fights inflation, the economy will collapse; it depends on ultra-low interest rates and free-flowing credit. If, on the other hand, he lets inflation rip, the dollar will die… bringing with it financial, social, and political chaos…. In order to escape his trap, Jerome Powell needs to cut away 14 years’ worth of bad policy….

“The COVID Crisis caused the Fed to do a lot more of what it never should have been doing in the first place – printing money. In the last two years, its balance sheet… rose by more than it had in the entire 107 years since it was founded – by over $4 trillion.”

Bill foresees difficult times ahead. He suspects that Powell and the Fed will fail in trying to manage with the $50 trillion in fake wealth created since 2007. What they are dealing with, he says, is “a credit-addled economy, including trillion-dollar federal deficits, meme stocks, buyback programs, NFTs, zombie corporations, million-dollar shacks… and much, much more.”

Continue Reading

Startup Gold 

I’m not a big fan of using other people’s money (OPM). That’s especially true of starting businesses, which I’ve done a lot of. I prefer to get into businesses that fund their own growth from cash flow.

But entrepreneurs today don’t think that way. They see OPM as a standard part of “scaling” their companies. If I didn’t have enough money to start and grow a business, however, there are better and worse places to get OPM. Among of the best, IMHO, are small business grants. In a recent issue, The Hustle (a blog post I subscribe to) recommended some. Click here.

 

The Cost of Being Mark Zuckerberg 

Zuckerberg’s company (Meta) spent $27 million last year on security for him and his close relatives. Click here.

 

A New Alternative Index 

On Mar. 30, Yahoo Finance  launched the Total Collectible Index to track the value of things like trading cards, cars, and comic books. Click here.

Continue Reading

Cape May, New Jersey

I came across this photo of Cape May, New Jersey. This was not my image of the Jersey shore. I’ve never been Cape May, but it sparked a desire to see it.

Cape May bills itself as “the nation’s oldest seaside resort.” I did some googling and, indeed, it looks to be a town built of gingerbread-trimmed Victorian buildings. A weekend there will “bring you back to vacations of yesteryear,” the advertising says.

I’m willing to believe that. When I get there, I’ll be looking forward to enjoying…

* Walking along the beachfront promenade

* Passing by the brightly painted seaside houses with rocking-chair-lined porches

* Sightseeing in Cape May Harbor

* Window shopping in the boutiques and galleries along Washington Street Mall

Continue Reading

“Obsessive introspection is a symptom of anxiety. But it is also a cause. Unless resisted, the two can become a self-consuming cycle.” – Michael Masterson.

Continue Reading

A philomath (FIL-oh-math) – from the Ancient Greek – is a scholar, a lover of learning. As used by Sydney George Fisher in The True Benjamin Franklin: “There was a rival [to ‘Poor Richard’s Almanack’] of which the philomath was Titan Leeds.”

Continue Reading

Meg Loeks, a photographer, shows you how to frame creative, vintage-styled “everyday” family moments with these she did of her five children. Click here.

Continue Reading