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What Matters Most (and Least) in Winning Fights… 

I can’t claim to be an expert, but I’ve learned some things about martial arts and fighters. I’ve taken lessons from and trained with many high-level amateurs and pros since I began practicing Brazilian Jiu-Jitsu 27 years ago. I’ve watched, as many fans have, countless fights. But also, because of a close association I’ve had with American Top Team, one of the largest and most successful martial arts teams, I’ve sat in the corner of dozens of fights and been in hotel rooms where fighters were being given last-minute counseling on strategy.

This is what I have learned.

Most fighters win because of skill – i.e., when their combination of skills in any particular fight is dominant over the combination of skills of their opponent.

And of all the skills it takes to win, the greatest one is fighting intelligence: the ability to recognize the strengths of one’s opponent and adjust one’s fighting strategy accordingly.

Next in importance is endurance (or gas). At the highest levels of competition, the level of endurance needed to win is extreme. Endurance is not a natural gift. It can be achieved only by extreme training.

Next is tenacity (or heart), which can be improved through practice and coaching but is mostly inherent in the psychology of the fighter before he first steps into the ring.

The least important factors in winning fights are the two that impress amateur fans the most: muscularity and ferociousness.

A massive, well-built body is undeniably impressive. But as anyone who has studied the fighting game for years knows all too well, you cannot judge a fighter’s actual power or strength in the ring by his physique when he weighs in. And as every experienced fighter knows, ferociousness, which is, at best, a style meant to intimidate one’s opponent, derives from mental weakness. You may think that a great fighter like Mike Tyson belies that contention. But notwithstanding how ferocious he looks when he fights, he wins because of his extraordinary skill and his intelligence and his tenacity.

Finally, there’s this: Among the fighters, like Tyson, that make it to the top, there are some that rise even higher. You can see what I mean here by looking at the face of the winner after he’s achieved the victory he ferociously claimed.

Speaking of Fighting… 
This Is Blatant Stupidity Born of Evil 

I’m writing this before I’ve had the chance to see how Big Media responds to that female Olympic boxer being so quickly beaten into tears by a biological man that the Olympic Committee deemed to be a female.

That something like this was allowed to happen has nothing to do with transphobia. Nor is it a “non-issue” because it is focused on a very small percentage of the population. On the contrary, it is a deeply entrenched, fast-spreading, and extremely destructive intellectual contagion whose consequences reach far beyond post-modern structuralism, intersectionality, critical race theory, and gender fluidity doctrines.

It was never about any of those supremely and transparently stupid ideas. In my opinion, it always was, and still is, about indoctrinating society’s wealthiest, most powerful, and most influential people into a cult of thinking that contradicts everything good and progressive that has occurred in human history since the 18th century.

Megyn Kelly, Jordan Peterson, Elon Musk, and countless others are correct in calling it what it is – unadulterated evil masquerading as compassion.

Click here and here and here.

Caveat Intellectualis 

My brother, who is a serious academic, once mentioned that one of the things he does to keep au courant on the literary news outside his specialty (Greek and Latin philology) is to read Literary Hub, an e-zine that covers everything from Gilgamesh to The Great Gatsby to Gone Girl.

I can see how, if you were teaching literature of whatever time and genre at a top college today, you’d want to have something clever to say about the latest literary scuttlebutt. And I have enjoyed reading Lit Hub for that. But in the last year or two, I can’t bear to even look at it because of how Woke its editorial policy has become.

Woke cultural concepts and trends are tailormade for busy executives and their party-planning spouses because they provide topical and politically correct opinions and rationales for people that don’t have time to think for themselves.

And that is why 15 minutes spent with a Woke primer like Lit Hub could be helpful for any up-and-climbing academic who has given the great majority of his waking hours to a very specific rabbit hole of literature. There simply isn’t time to find out what’s going on in the rest of the literary world, let alone identify what news bits will be conversation topics and what sort of wry or witty comment might allow one to manage one’s way through a cocktail party full of professors and graduate students without risking looking like a fool. (Which is exactly what most of the people there are hoping you will do.)

So if you work or socialize inside the world of literature, you may want to subscribe to the Lit Hub website. But I must warn you that at least 50% of everything they publish are pieces like the following:

* Andrea Freeman on the impact of systematic oppression on indigenous cuisine in the United States. (“Frybread arouses passionate feelings in its fans and detractors… but everyone agrees that it is a far cry from the pre-colonial foods.”) Click here.

* Mathangi Subramanian on how understanding her own neurodiverse character helped her understand herself. (“I fretted that, despite my diligence, my story was riddled with errors that would, at best, disappoint or, at worst, traumatize my readers.”) Click here.

“Don’t worry about people stealing your ideas. If your ideas are any good, you’ll have to ram them down people’s throats.” – Howard Aiken

Antisemitism in US and European Colleges and Universities Hasn’t Gone Away. It’s Just Summer. 

Since the school year ended, the large anti-Israeli protests have been few and far between. All students, even politically Woke, pro-Hamas supporters, have summers to enjoy. But there are still some that are hard at work. And their vitriolic antisemitism is as strong as ever.

On July 31, police announced that a suspect had been arrested in connection to the June 11 vandalism of Brooklyn Museum director Anne Pasternak’s residence and charged with criminal mischief as a hate crime. Pasternak’s residence was splashed with red paint in an apparent protest over the museum’s ties to Zionist organizations. Several Brooklyn Museum trustees were also targeted. Five additional suspects are still being sought by police.

Another Step Toward WWIII? 

According to Politico, the Biden administration has quietly given Ukraine permission to strike inside Russia using US-provided weapons for “counter-fire purposes in Kharkiv so Ukraine can hit back at Russian forces hitting them or preparing to hit them.”

Biden’s Recent Title IX Revisions Blocked 

US District Judge Terry Doughty has blocked Biden’s new Title IX guidelines that allow transgender students in the bathroom corresponding with their identity rather than biology. Doughty called the rules an “abuse of power” in an injunction that applies to four states: Louisiana, Mississippi, Montana, and Ohio.

“This is a victory for women and girls,” said Louisiana Attorney General Liz Murrill, who initiated the lawsuit in April. “When Joe Biden forced his illegal and radical gender ideology on America, Louisiana said NO.”

Chart of the Week: US Debt Reaches $35 Trillion 

Today, Sean provides visuals to illustrate the greatest threat (next to a nuclear war, which is also looming) to the world’s economy right now: US debt.

This is a subject I’ve referred to dozens of times in past issues, and I’ve been meaning to write about it at length because so many of my well-educated friends are unable to see it as a real and present danger. 

I’ll leave it to Sean to set the picture. – MF

While the media prattled on about Kamala calling Donald Trump “weird”…

A much weirder story got pushed to the back pages last week. One that will impact America far more than whoever becomes president in November.

I’m talking about the US national debt, which just hit a whopping $35 trillion.

Since January 2020, the debt has ballooned by 50%, mainly due to the wide gap between what the US government spends versus what it brings in.

And right now, 2024 is shaping up to be another year of high spending and low tax revenues, which puts us on track to add an estimated $1.9 trillion to the debt this year.

Now, the debt is just a number. It becomes a problem only when the US can no longer service that debt, putting the country at risk for default.

Higher credit risk can halt lending, which seizes the financial system, which cascades a long way down to you eventually saying, “Hey! Why can’t I buy bread anymore? And why is my retirement money worthless? And are those gunshots I hear?”

So the number we want to pay extra close attention to is how much it costs to service that debt, and what percentage of the US government’s revenue that is.

Here’s what we’re seeing: Interest payments on federal government debt has already surpassed $1 trillion over the last year.

As a share of federal revenues, federal interest payments are expected to rise to 20.3% by 2025, exceeding the previous high of 18.4% set in 1991.

This number, if it gets too high, is the “danger number” – the number that matters.

Because if the US is spending all of its tax revenue to service its debt, it won’t be able to spend money on anything else. That means more money printing, which means hyperinflation, which –I reiterate – is double-plus ungood.

How close are we to the danger number?

Well, think about this. Lenders often require that the ratio of debt to a person’s income should be less than about 30% to 40%.

The higher your debt-to-income ratio, the less likely it is that an institution will lend to you.

The US is probably going to hit 20% next year. The higher this ratio goes, the fewer people will want US government bonds.

And that puts everything we know, like, and cherish at greater risk.

This number is going to keep creeping higher under three conditions: (1) more deficit spending, (2) lagging tax revenue, and (3) high interest rates.

Since 2020, we’ve had the perfect storm of all three. And neither political party has proposed a meaningful fix.

It will be some years before we hit the point of no return, however. About 20 to 30 years at the current pace, by some estimates.

That means that, for now, bonds are still an attractive speculation – especially heading into interest rate decreases.

But otherwise, it might be wise to buy and hold a basket of stocks that generate revenue internationally. That can include American companies that do business overseas, like some of the stocks in the Legacy Portfolio.

But it can also include a portion of your portfolio going into emerging market funds or international stocks. (Just don’t expect them to offer the wild returns of tech stocks.)

And if you’re truly, immensely, can’t-sleep-at-night worried about the debt collapsing the whole economy? Here’s what you want: international real estate, foreign cash, and a mix of the three most precious metals in a crisis – gold, silver, and lead.

Personally, I’d mostly just stick to bonds and stocks.

– Sean MacIntyre

Check out Sean’s YouTube channel here.

“Terrible Racists” 

Joel Bowman, an acquaintance and colleague who writes Notes from the End of the World, recently attended a family reunion in Pigeon Forge, TN, a town of just over 6,000 people. Spending an evening in town one night, he and his wife, he says, were “confronted with some truly awful racists…”

Read his account of what happened here.

Kill Tony 

Have You Seen the Kill Tony podcast? I hadn’t until JM recommended it to me, saying, “It’s political satire, but you’ll like it.”

I did like it.

It has the three necessary elements to make political satire do its job (which is to open our minds by reducing our fears and prejudices):

* It must be timely – about topics people care about.

* It must hold a mirror up to life, as the Bard said – i.e., it must depict the target realistically.

* Its fundamental mission is to unify, not divide.

* Its fundamental emotion is tolerance, not derision.

Here’s a recent example.

Two Discoveries in One: A Child Prodigy Guitarist and a Reincarnation of Prince 

“An unbelievable guitarist,” AS said. “A must see/listen.”

AS didn’t leave a link, so I googled the name: Taj Farrant. And lots of videos popped up. Yes, he is amazing. And, in fact, he’s just a kid!

Here he is riffing on “Purple Rain” with Carlos Santana, and – in my admittedly amateurish opinion – he crushes.

Five Quick Bites 

Interesting. I’ve always wondered whether Yelp matters to the restaurants it reviews. I don’t use it, because I don’t want hundreds of people I don’t know and trust prejudicing my opinion about a meal I’m about to eat. But K does use it. Here’s a short history of its impact on the industry.

Interesting. Am I being racist, sexist, and unfair when I say Kamala Harris is a certifiable dumbo? You decide. This guy, who I’ve been following for a while because he has a droll way of making his point, seems to agree with me.

Fun and Interesting. A British linguist, Olie Ridge, found 11 distinctive accents spoken in and around NYC. Click here.

Interesting. This inspirational video with Elon Musk will show you what hard work and commitment look like.

Fun. Father-daughter swearing lesson. Click here.

“The 25 Most Beautiful Beaches in the World”

There is no such thing as “The World’s 10 Most Scenic Villages,” just as there is no such thing as “The World’s 15 Most Beautiful Men (or Women).” But that has never stopped me from clicking on such teasers – like this one from the Thrillist website.

The photo above shows one of the 25 beaches on Thrillist’s list – Anse Source d’Argent, located on a remote island in the Seychelles.

From LP re a common marketing idea that rarely works: 

“I had the opportunity to read an essay in which you discussed how to earn extra money by taking surveys. Do you have it available?”

My Response: I don’t remember writing about that exactly, and neither does my editor, so I can’t link you to it. Perhaps it was a speech or a paragraph that was part of a larger essay that was filed under a different topic?

That said, I’m guessing you are referring to a direct-marketing strategy that has been used in the past and gotten fantastic results. But it’s not without risk. And it must be done correctly (from a copy perspective). But when it works, it can work very well.

What you do is publish in a periodical or send out to a list (email or snail mail) a questionnaire on a topic that relates to your product. The people that answer the questionnaire, regardless of their answers, are prime candidates for receiving a second, more direct advertisement.

It’s an expensive way to build a prospect list because it begins with a survey that asks for nothing but answers in return. But because it is not asking for dollars, you can sometimes get a very high response rate. And that can translate into a dollar return on the second effort that more than pays for the costs of the first.

 

AS re “Famous Last Words” – one of the “Quick Bites” in the July 30 issue:

“You left out two of my favorites: Johnny Carson’s ‘I’ll be back, right after this announcement’ and ‘I knew this was going to happen.’ (Don’t know who was responsible for that last one.)”

My Response: I should have remembered “I knew this was going to happen.” That could be the best of them all!

Sweet! 

Click here to watch this surprise reunion between six-year-old best friends. (As you know, I’m a sucker for sentimental stuff like this.)