Hedge Funds vs. the Sage of Omaha

I’ve been enjoying my recent subscription to the WSJ, and today I found this short video clip about a $1M challenge between Buffett and a hedge fund manager (who gets paid whether his investors make $ or not). In 2007 Buffett called him and his tribe out, saying they were ripping off their clients with high fees, and claiming that an index fund (which tracks the S&P 500 exactly, for instance) would do better over 10 years. Now, ten years later, the contest is coming to a close and … which side is winning? Check the video to find out: http://on.wsj.com/2lzTvUY

Hint: the hedge fund guy moans that 2007 – 2017 was an “unusual period”. Did the S&P think it was unusual?? Ha!

Thomas Times Newsletter – More from TT

This is the promised addendum to our 2017 news update.  Hope you enjoy it!

As my parents began to forget things and struggle mentally a number of years ago, it became clear that they would need a more intensive “at home” care than we had planned on.  When both were diagnosed with Alzheimer’s, I remembered what Dad had done for his mother-in-law in a similar situation, and then realized Beth and I were going to start a business we weren’t qualified or trained to pull off: a mini-nursing home.  This past year, after Dad died in June and Mom in August, our careers Continue reading “Thomas Times Newsletter – More from TT”

Sometimes, it’s that simple

It’s very unlikely that any of us will see what Thomas Yoxall saw on Jan. 12th- just 2 weeks ago.  When he saw it, however, here’s what he did.

In many situations, what to do in the split seconds after an attack has begun is not that simple.  This time, it was that simple.  Hope someone like him is around if I or my family ever need this kind of help.

Ambivert…

That must be:

  • a sexually confused amphibian?
  • the latest version of a popular face cream, with a new name that marketing thought was really swell?
  • an alien race which didn’t make it into the Star Trek script… ?

Apparently, since the 1920’s, ambiverts have been all around us, and we didn’t even know it!  Honestly, have you ever heard that word??  In reality, ambiverts are us.  That is, most of us are Continue reading “Ambivert…”

President Hussein (Ozbama)- “…not who we thought he was.”

UPDATE: Here’s a post I wrote in 2009, and then decided not to publish.  I supposed it was the “Oz” factor – this idea that our current president was larger than life, and that I would be scoffed at because I suspected something funny was going on behind the curtain.  Now that we are less than a month before the potential re-election of our emperor (that’s a future blog post), the WSJ has prompted me to pull this post out.  It seems, according to William McGurn, that the curtain has been pulled back.  In fact, Ozbama the Magnificent is not actually Continue reading “President Hussein (Ozbama)- “…not who we thought he was.””

Dancing in the darkness

So, I’m reading the Economist, a high-brow magazine based in London and available online.  Middle East wars, macro-economic Snowballtheory, election politics and … Snowball. Yep.  The world’s most famous dancing bird (or so they say) who lives in an animal shelter in … Schererville, Indiana??  Anyway, the article is about high-powered research into whether & why animals dance, to music or otherwise.  You can read the article, which is interesting, but that’s not what this post is about.  It’s about the even bigger “elephant in the room” (read the article for the 1st one).  That is, the plausible explanation for why humans dance that actually fits very well with the data, and which also would explain why (apparently) animals don’t, unless they mimic humans.

Could it be that we dance because Continue reading “Dancing in the darkness”

Worship the Image

Our church has an amazing pastor & teacher.  For years (and I’m not kidding) we have been learning from the book of Exodus, and recently Bill has been teaching on the “Ten Words”.  As a child, I learned them as the 10 Commandments, but they are actually more than that.  Today’s lesson was a kind of preparation for a detailed study of the 2nd word, which I always thought Continue reading “Worship the Image”

Thomas Times – Age

From the Thomas Times, our annual family newsletter:

 There is something sobering about age.  I recently sent a birthday soliloquy to one of my nephews, in which I mentioned an iron pot.  This is a pot I remember seeing in a field over 50 years ago, as men who worked on our farm boiled a hog they had just killed in order to turn it into hams and bacon.  Recently, a friend and I dug that same pot out of the ground where it had been partly buried under the side of a barn.  I made the point that it was still in good shape, because cast iron, once it gets a coating of rust, doesn’t deteriorate any more.  However, in the last day or two, I happened to walk by the pot and take a closer look, since I noticed something amiss.  As I tapped it with a small hammer, several pieces of the bottom chipped off.  As it happened, the very bottom had been in contact with wet earth for many of those 50 years, and the rust had penetrated… Continue reading “Thomas Times – Age”

Memories & Meaning

I recently sent this soliloquy to my nephew Riley on his birthday.  Since it includes thoughts that many of you may find interesting, I’ve posted it here as well:

 When I was a little boy, I remember walking in the lot west of our home.  It’s where the horses and Blackie the steer live now, about a 100 yards from the breakfast room window.  As I walked, I believe it was springtime, and I saw a big pot made of cast iron over a fire.  In it was the body of a dead Continue reading “Memories & Meaning”