This and more from rainy, beleagured L.A.
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Of course, that could be a mistake, too.
The really disastrous mistake, the one that simply kills you dead, is not having adequate liquidity to stay the course when real estate or stocks or commodities head south. I hope I have not made that mistake. I learned much about real estate from one of the smartest guys about money I have ever had the pleasure of knowing, my brother, as I call him, Ray Lucia. He is responsible for a good chunk of anything sensible I have ever done with money.
Another huge mistake people make — and I have done this far too many times — is to try to pick stocks without knowing something that the market doesn’t know. Once in a great while it can be done, but usually you are far, far ahead of the game just going with the index.
Another big mistake I often make: or rather my wife often makes — putting your bills on auto pay on your credit card. That makes finding errors and stopping them almost impossible, or so I have found. Just suck it up and pay with a check.
Well, too much talk about mistakes. Better to dwell on the beauty of my Julie Goodgirl.
Up stunningly early to be on TV with the beautiful, super-gorgeous, drop-dead gorgeous Jenna Lee on Fox. Rain was falling. The radio news promised more rain and meanwhile a reign of terror was being visited upon the law enforcers of Southern California by a madman ex-cop who is shooting them whenever and wherever he finds them.
Meanwhile, he has published his “Manifesto” of his grievances and announcers on TV are speculating that he “might” be insane.
As Renae Garcia, my ace makeup girl, pointed out, “When people are writing out manifestoes, by definition they are insane.”
“Starting with Karl Marx,” I added.
The spot with Jenna Lee was extremely brief. Just a minute or two, mostly talking about what it would take to “bring back” the middle class.
“The middle class grows one man or woman, one family at a time, by acquiring skills, acquiring education, acquiring habits of thrift and discipline. No one can wave a wand and make the middle class grow. No one waved a wand to make them shrink. With some exceptions, if people have skills and work and save, they will get into the middle class — or above — and stay there.”
I am endlessly reminded of what Bernard Baruch, a financier and wise man, told America to do after World War I. “Work and save.” My father used to quote this to me. He was a fan of Bernard Baruch and I think must have met him at some point. It is amazing how what our fathers teach us sticks with us.
Then, after beautiful Jenna Lee came “Cavuto on Business,” hosted this week by Charles Payne. It was the same usual theme: taxes kill countries. The specific was that Baltimore, home of the Ravens, is dying because it has high taxes. The same thing is going to kill America, suggested the other panelists, Gary Kaltbaum, Charlie Gasperino, and my secret crush, Dagen McDowell.
“Look, why don’t we just not have any taxes at all?” I suggested. “If they’re that bad for us, why have them at all?”
That did not seem to impress anyone but me and maybe my friend from San Francisco, the super-smart Adam Lashinsky.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?
H/T to National Review Online