Sunday, July 06, 2025

Logging

Film: Crash (Cronenberg)

So many thoughts on this film...but the main one being - the characters have so much freedom back in 1996 compared to 2025. None of movie feels plausible today because the characters would be far too constrained to do what they do throughout the film. And it isn't the government, but rather work demands, social demands, etc. Fascinating. Haunting.

Social Security

Everyone thinks we've got a crisis with Social Security, but I believe there is a fix. The system was designed and sold as an insurance system, but we gamed it into a pension system. Therefore, rich people need to give up on some of benefits that turns their retirements into easy living. The system is meant for grandma to have a roof over her head and get groceries, not to fund an inflation protected annuity for those with assets in the 5-25 million range. The true benefactors under this system are the children and charities who will inherit the unspent assets for people with too much dough to spend in their lifetimes. Is that what social security is for?

Saturday, July 05, 2025

Value Investing

Is not in fashion at all. But here's why I tilt. 

Value stocks rise with inflation. So when you need the money, it's there. This is an important point. 

Just read any story about booms and busts. People buy 13,000 square foot homes in Midland Texas during oil booms when they have a huge net worth. 2 years later, they find themselves in millions of dollars of debt, in possession of oil rigs and homes they can't sell for 20% of what they paid for them. The point is not having the money, but having the money when you need it. 

Brains

Most people are too dumb to understand why capitalism works, including myself. But I am smart enough to know socialism doesn't, whereas many of my fellows in the State of California are not.

Code Breaking

People on the internet arguing about Mamdani calling himself an African American on a college application. Let's discuss.

1) Detailed arguments supporting Mamdani inadvertently argue for getting rid of affirmative action. They rest on the point: it's absurd to categorize on race. Exactly. 

2) The offended people are American blacks, an important coalition in the Democratic party. Why? Because Mamdani and everyone else damn well knows what African or Black heritage means. (Mamdani is Indian, okay. That counts in our world as Asian, South Asian specifically).

3) The Mamdani gamble/predicament is that the noisiest and most likely to call foul on the claim of his African American heritage are likely to overlap with his pro-Socialist, anti-Western views. Think AOC, Briahna Joy Gray, etc. These people will give him a pass, I'm positive. An interesting political question will be whether this "group" now outweighs the group who might actually be offended - someone like Stephen A Smith, for instance.

4) The worst case scenario is that we are indeed already in a 1984 type of situation where the unwritten "rules" for this type of thing are deliberately opaque so that who possess "power" dictate whether Mamdani broke the rule or didn't break the rule. Very dark, Russian-esque. 


Deep Risks

1) Inflation

Combat with: hard assets, inflation protected bonds, value stocks, stocks in general, fixed rate mortgage (negative bond)

2) Deflation

Combat with: cash

3) Confiscation

Combat with: nearly impossible to do, but...Roth IRA? Some might say crypto or foreign real estate

4) Devastation 

Combat with: nearly impossible to do, but...community ties in out-of-the-way places? Insurance, if possible?

Friday, July 04, 2025

Many Weird Things

If you were in a coma in the late 1990s and woke up today, one of the weirder things would be to discover that in the Jurassic Park Franchise apparently humans and dinosaurs now live amongst each other? 

That factoid alone would suggest something has gone very awry in the world, perhaps even moreso than Donald Trump being President.

Thursday, July 03, 2025

Logging

Film: F1

Perfectly enjoyable but not A-plus level. A hair below the joys of Top Gun Maverick. A bit too long. Poker scene was forced. But still lovely to be in a packed theater with gorgeous images and actors and a classic stranger comes to town story. 

UPDATE/NOTE: Prior to F1, I hadn't seen a trailer. Was there a trailer? I'd only seen posters and heard of it. Meaning I went in with no sense of the story whatsoever. It got me thinking - maybe this is a way to regenerate interest in films - tell us less about them. Then we actually have a reason to go. Often, trailers tell us waaaaay too much. Just give us vibes. Brad Pitt, car racing. I'm in. No need to tell us more. So even though this story was familiar, I didn't mind it. Don't give us so many hints about the story...just let us vibe.

UPDATE/NOTE 2: Is there anything to be made of Joseph Kosinski's mother being from French-Canada, same as Denis Villeneuve, the two biggest and best studio filmmakers out there right now?

Wednesday, July 02, 2025

What To Do With Dumb People?

Genuinely difficult question. Our answer over the past 25 years or so seems to be: let them feel smart by letting them into college and make "learning" easier. 

The result: far left and far right become pseudo intellectual morons who want to drag the world down. It was so much better when they did blue collar jobs, drank beer, and rooted for sports teams. 

America

Still remains a mysterious place to me.

"People are pouring baby oil over one another"

"It's not RICO, it's freak-o"

Maybe movies are having a hard time because real life so magical. 

Random Thought

An amusing aspect of Brokeback Mountain is how shitty Jack and Ennis are at all their jobs. 

Logging

Film: Love Hurts

More interested in "being a movie" than reflecting life or human existence. The tone doesn't totally work. Ke Huy Quan does a Jackie Chan impersonation. He's not terrible but also isn't Jackie Chan. I wonder if the casting sheet for one the characters read simply: he drinks a lot of Boba. Still, I watched the whole thing.

TV: The Day of the Jackal

Terrible end of the season "twist," undermined the entire show. Reminds one of how cheap and pointless television can be.

Did anyone watch this show? I've never heard a soul talk about it. I go online. Rotten Tomatoes very vague - don't even show numbers. Then go onto IMDB - over 100k ratings. So someone watched. 

But I can't find anything intelligent written about the show on a brief perusal of the internet. Maybe I'll check chatgpt.