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The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

11 October 2005

Kindness

Each month brings with it a new commentary from Bill Gross, the "Bond King" at PIMCO. Bill is not always a particularly good writer; nonetheless, I look forward to each new commentary. I find the opening paragraph and a half of the most recent commentary especially resonant...

"An old and wise friend gave me some sage advice recently, “Be kind,” he said, “everyone you meet is fighting a battle.” Life is a battlefield, although for some of us including yours truly, it seems that fate has chosen marshmallows or water balloons instead of hand grenades and M-16s as the weapons of destruction. Still we all suffer. Coming into this world must have been no treat, going out most definitely won’t be, and everything in between - well, the “eat, drink, and be merry” of Omar Khayyam is often overwhelmed by the pain of loss, personal debilitation, or simply the overwhelming deluge of circumstance. It’s under these conditions, as my friendly advice-giver would agree, that kindness is the temporary salve that heals. My wife Sue is the kindest person I have ever known; not because of publicized acts of generosity of which there have been some, but because of everyday acts of kindness, of which there have been multitudes. There are hundreds and hundreds of people who would choose to be one of her best friends if the time were available - some on the A-list, but most of them category B’s and C’s - waiters, repairmen, average people with greater than average battles being fought behind sometimes cheerful facades. Sue brings music to their quiet desperation.

"I have observed through her that being kind involves sacrificing the inward/personal moment for an outward reaching smile. It includes a heartfelt, not conversationally correct, “how are you” with more listening than talking. And it can involve, given enough hours in the day, a follow-up good deed or a simple reminder of empathy and caring. Kindness comes in other forms too. Jonas Salk was very kind, as are doctors, teachers, or any working person whose outward reach often exceeds personal gain. Lovingly raising a family is an act of kindness. People that write checks for Katrina or African relief are kind as well. I guess when you get down to it, kindness comes in many shapes, but the important thing is that it keeps coming. We’re all fighting a battle whether it be in New Orleans, Darfur, or Newport Beach, California."

Bill continues with his thoughts re the FRB, bonds and interest rates, and the current state of the housing market. Click here to read the remainder...

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