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One Thing & Another

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Word for the Wise

Pinguid (PING-wid) – fat and oily. Here’s a lovely sentence from The Bunsby Papers by John Brougham that includes it alliteratively: “Peter was pinguid, plump, and plethoric – she was thin to attenuation.”

Did You Know… ?

If you add up all the numbers from 1 to 100 consecutively, the total is 5050. Keep that in mind. You never know when it will come up in conversation.

 

From My “Work-in-Progress” Basket

Principles of Wealth: #5 of 61

Wealth and income inequality are realities that exist in every economy – even those committed in principle to the distribution of wealth.

Many people today, believing that equality is an intrinsic and achievable good, seek to flatten financial inequalities through government programs and social action. A smaller group, sympathetic to the notion of equality but less trusting of governmental solutions, seek to create substantial personal wealth and then distribute some of that to others. Still others are dubious that financial inequality is intrinsically good and practically achievable. And a final group is sure that equality is intrinsically bad and can only be partially achieved and that only by severe repression.

My view is that human nature is innately opposed to equality. You can, by force, make a community financially equal for a moment in time. But an hour later, individuals within that community will get to work recreating inequality. Some will seek to have more. Some will be satisfied with what they have. And some will seek to have less.

This is the fundamental reason why history has shown us that the goal of achieving financial equality has never been achieved or even attempted.

From my book How to Speak Intelligently About Everything That Matters https://smile.amazon.com/Speak-Intelligently-About-Everything-Matters

Shakespeare is said to have contributed (by far) more words to the English language than any other person in history. He has also contributed some of the best loved and most often repeated quotations. Consider the following:

“All that glisters is not gold.” (The Merchant of Venice)

“Something wicked this way comes.” (Macbeth)

“Though this be madness, yet there is method in’t.” (Hamlet)

“It was Greek to me.” (Julius Caesar)

“Uneasy lies the head that wears the crown.” (Henry VI, Part II)

“Some are born great, some achieve greatness, and some have greatness thrust upon ‘em.” (Twelfth Night)

“The first thing we do, let’s kill all the lawyers.” (Henry VI, Part II)

“I smell a rat…” (Hamlet)

Look at This…

https://biggeekdad.com/2017/11/racing-through-edinburgh/

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From My Work-in-Progress Basket

One Thing & Another

No Comments

Word for the Wise

 Pinguid (PING-wid) – fat and oily. Here’s a lovely sentence from The Bunsby Papers by John Brougham that includes it alliteratively: “Peter was pinguid, plump, and plethoric – she was thin to attenuation.”

Did You Know… ?

If you add up all the numbers from 1 to 100 consecutively, the total is 5050. Keep that in mind. You never know when it will come up in conversation.

 

From My “Work-in-Progress” Basket

Principles of Wealth: #5 of 61

Wealth and income inequality are realities that exist in every economy – even those committed in principle to the distribution of wealth.

Many people today, believing that equality is an intrinsic and achievable good, seek to flatten financial inequalities through government programs and social action. A smaller group, sympathetic to the notion of equality but less trusting of governmental solutions, seek to create substantial personal wealth and then distribute some of that to others. Still others are dubious that financial inequality is intrinsically good and practically achievable. And a final group is sure that equality is intrinsically bad and can only be partially achieved and that only by severe repression.

My view is that human nature is innately opposed to equality. You can, by force, make a community financially equal for a moment in time. But an hour later, individuals within that community will get to work recreating inequality. Some will seek to have more. Some will be satisfied with what they have. And some will seek to have less.

This is the fundamental reason why history has shown us that the goal of achieving financial equality has never been achieved or even attempted.

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Miscellaneous Essays

How Every Decision You Make Can Make You Richer – or Poorer

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You go to lunch with a colleague. Everything is good. When the waiter puts the bill on the table, the total is $26.

Do you pick it up? Do you wait and hope he does? Or do you suggest you split it?

On the surface, this is a minor decision. But in truth, it is one of a million chances you’ve had, and will have, to become wealthier.

A cheapskate might look at it this way:

  • If I pay the whole bill, I’ll be $26 poorer.
  • If we split the bill, I’ll be $13 poorer.
  • If I can get him to pay it, I’ll be $13 richer.

To the cheapskate, the best decision is obvious. So when the bill arrives, he gets up to “go to the bathroom,” hoping he’ll be $13 richer when he returns.

But I have a different view. Wealth building, like quantum mechanics, often operates according to laws that seem contrary to what is “obvious.”

Paying the tab, in other words, might actually make you richer. Because the $13 you spend on your lunch partner might give you a return of much more than $13.

Your generosity might signal to him that you are the kind of person he can trust. It might tell him you are someone who is willing to give first without demanding recompense. If he sees you in that light, a relationship might be seeded by this small investment on your part. A year later – it is possible to imagine – he might recommend you for a promotion when he himself gets promoted to head up your department.

It depends on your assessment of his character.

If he impresses you as a person who believes – as you do – in reciprocity, you will know that the $13 is a wise investment. If, on the other hand, he shows you that he is a person who believes in exploiting others, the wise move might be to pay only your share of the bill and not develop the relationship any further.

In either case, you are richer.

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