Archives for April 2007

Back up a bit. It must have been about 10 years ago — ’97 or so — when I last walked the streets of New York City. Whenever I’m in a great city — be it New York, San Francisco, Chicago, Paris, Tokyo, Hong Kong, Singapore, etc. — it is my consistent habit to be out and about fairly early in the morning. Lots of reasons why, but I suppose it’s primarily that I like seeing the things come alive as they do.

Back then, I recall grabbing a sausage, egg & cheese croissant, tater tots and coffee from a Burger King and then browsing the tables of a sidewalk book vendor. Fitting, I thought — seeing as I was in NYC — to pick up this book, The Education of a Speculator, by Victor Niederhoffer. But through some set of circumstances I no longer recall, I got sidetracked somewhere near the beginning of the book, put it down, and forgot about it. Then I saw it two weeks ago amongst my significant book collection that I keep up at the cabin. Seeing as I now trade virtually full time, I took it down, began reading, and began googling here and there about the man.

And he’s a most interesting guy. On the heels of the book being published, he lost it all. Tens of millions — his own money and clients’. Now he’s back on top, taking the hedge fund he started in 2002 from $2 million to about $350 million now. That’s of course both additional capital from new investors and capital gains. A $1 million investment in 2002 would be worth over $4 million today. Not bad. Of course, to invest in a hedge fund, you have to be an accredited investor — a silly, depression-era law that appears to be growing new legs rather than being dumped as it ought to be. On the other hand, in practical terms, it’s probably just as well. Nobody cares if a hedge fund loses billions for rich people. Indeed, most "working people" chortle with glee at the prospect. This affords hedge funds some measure of freedom in managing their own affairs and the affairs of their clients. "Too many" people are now reaching the $1 million watermark and it’s a virtual certainty that you’ll eventually have sob stories about moms & pops who invested their life savings in a hedge fund and lost it all, "not realizing" that the 50% annual returns imply sometimes huge risk.

Check out his reading list and note what comes first. What have I been telling you forever? Note also the Liberty Reading List at the bottom. Yea, I’ve read many of those myself. I know a few people who’ve read all of them.

He also maintains a blog, Daily Speculations that I have found quite interesting to have in my RSS. So bookmark accordingly, if it suits you.

Looks like it’s been about three weeks since I told you I was going to build a marine aquarium. Well, I’ve been telling everyone who has any idea of how difficult this is to get right that I’m embarrassed because it’s just going so damn well. I’ve never had a tank go so perfectly, but I think I owe that to using 100% live sand (wet sea sand actually bagged and shipped out from Fiji and other tropical regions) and my live rock was well cured. Essentially, this gives you all the bacteria and other micro-organisms you need for a stable saltwater environment. Then, of course, you’ve got to keep it that way, unless you want to do water changes every week. A competent saltwater aquarist ought not have to do any more than a 20% water change once per month.

Alright, so here’s where we are, so far. Ideally, that link takes you into a new tab or window and Quicktime will play the video in highly resolute 640×480.

All those corals and polyps are live, of course, and there’ll eventually be a lot more. You have to add stuff slowly, so as to not overwhelm the creatures that take care of all the crap. Underneath what you see is a protein skimmer (the bubbling plexi tube) and a refugium where you grow macro-algae, so as to use up nutrients for same in order to keep the algae growth inside the tank to a minimum.

Alright then. Until the next update.

Would that Sam Harris laid it to the dustbin of history once and for all.

Alright. What a week, what with the Va-Tech massacre and attendant gun-control lunacy in wake. Rather than another post about why there’s no guarantee attached to "gun free zone," I thought I’d just go out and reaffirm my own disposition.

Those shots were aimed at the head on the left. Not too bad, I’d say, since it’s been like 1988 since I shot one-handed (I’m holding the cam in the other hand and we’re shooting at 10 yards). Yea, you don’t need to let me know that it’s a hostage target and I’m not supposed to shoot the guy on the right. I didn’t want to buy another target, okay?

What you can’t see in this version (it’s reasonably clear in the native file) is the Colt .38 I show sitting on the bench. That was my grandmother’s "snub-nose," and it sat on her bedside table (loaded) for as long as I can remember as a kid. My grandfather had a .38 as well, but with a long barrel.

I’ll leave you with Ted.

Update: Oh, yea. It’s a Sig-Sauer P-229; .40 S&W.

That’s the moron so roundly put down and kicked about yesterday by every rational person with keyboard, blog, and righteous rage.

Well, it seems like the moron himself feels qualified to write on these matters. The only real difference between his screed and the thousands of imbecilic screeds like it is that he bet against the odds of being proved stupid, and lost.

Guns don’t belong in classrooms. They never will. Virginia Tech has a very sound policy preventing same.

Well, mutherfucker, your "sound policy" and $3.50 will get you a latte at Starbucks, you brainless and dangerous shithead.

(Aaron)

There are reports — granted unconfirmed at this time — that several
students were forced to line up, kneeling, and executed from behind.

I pray to the old gods — the gods of war and blood and thunder — that this is not the case.

I pray that some students went down fighting.

Because as bad as this is — and this is a horror — as bad as this
is, if fifty some-odd people were injured and killed by one person
whilst on their knees begging like so many Eloi, like a herd of sheep
— if no one stood up and fought back, then this is becomes an example
of evil.

Not the evil that allows a man to kill other men — although that is
here in abundance. No, I am speaking of the putrescent evil which
convinces good men not to fight back; the sordid filth of the soul
which allows one bad man to prevail against fifty — or 25,000 — good
men because good men have been systematically denied the mindset
required to meet with, engage and defeat evil — even if all you have
is fingernails and rage.

One man. On a campus of 25,000 people. 25,000 people surrounded by
fire extinguishers, book bags, pencils, pens, drafting compasses,
chairs, broom handles, power strips, ceramics, chains and everything
heavy and/or sharp.

One man managed to gun down fifty people — or more — without being
stabbed and bludgeoned to death where he stood by the other 24,950
people.

I weep for the dead. I weep for the families who lost their treasured children today.

I weep even more for a land which not only denies the tools required
for self-defense, but also denies the very mindset required for
self-defense.

(LawDog, via Bill St. Clair)