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Now, decades later, as I seek to de-clutter my life and get rid of unnecessary possessions, I feel obligated to read them before getting rid of them. For years, these books sat in silence. Now their stories will be heard...
2008
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To Sail Beyond the Sunset ** : Heinlein is either a genius provocateur or just a dirty old man. Either way, this book didn't take for me.
Revolt in 2100 *** : Classic Heinlein space opera pulp fiction. Overly simplistic and unrealistic solutions to social problems, but it's fun reading.
2007
2007
2007
The book pretty much fortifies the investing axioms that I have been following for the past several years, but presents a ton of data to back up the claims, which are:
- The ability to consistently beat the market average is rare.
- The only way to get higher returns is to take higher risks.
- Diversification smooths out the volatility inherent in risky investments.
- The semi-strong efficient market hypothesis is the most credible of all the market theories.
- Your life stage defines your risk tolerance (with younger people able to handle more risk).
- 5% cash. Or cash equivalent, interest bearing (of course).
- 20% bonds. Three-quarters comprised of zero coupon treasury or no-load bond funds. The rest inflation-protected (TIPS). Put in tax exempt account if possible, otherwise try and use tax-exempt funds.
- 65% stocks. Two-thirds comprised of total stock market (Wilshire 5000), the rest international and emerging markets.
- 10% real estate. No-load REIT fund.
2007
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Here are the book's take-aways so you can get rich and profit. Of course, the usual investing disclaimers apply. If you go broke following this advice, don't blame me. If, on the other hand, you get rich... you can buy me lunch.
Sell slightly out-of-the-money covered calls on your long stock positions. This is the one that most people already know about. The vast majority of calls expire without being assigned, so most likely you will get to pocket the premium. If your stock does get called away, then you at least got to sell your stock for a decent price.
Buy deep-in-the-money calls instead of buying a long position in a stock. The call will track the stock's market value, which translates into a higher ROI if the stock rises and less risk if the stock drops.
Sell slightly out-of-the-money naked puts on a stock that you want to own. You don't care if the put gets executed (you were going to buy the stock anyway). And you get to pocket the premium and get the stock at a slightly lower price. Probably the only time it's safe to sell a naked put. Unfortunately, many brokers (including mine) do not allow selling of puts.
Option credit spreads. This one is not as straight forward as the other three. It requires a lot more research. With a bull put spread, you are assuming the stock will trend up, so you sell one put with a high strike price and buy another put with a lower strike price. With a bear call spread, you are assuming the stock will trend down, so you sell a call with a low strike price and buy another call with a higher strike price. In either case, the strategy is to limit your profit or loss and take advantage of the decay of time value. Investopedia elaborates.
2007
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2007
Eon **** : Hard SF novel written during and heavily influenced by the Cold War. The politics seem dated now, and the writing is sometimes a little awkward, but overall thoroughly enjoyable.
Bridges at Toko-Ri **** : Short Michener novella about the Korean War. Doesn't delve into politics, but instead reads more like a "day in the life" of a naval aviator on a bombing run. Almost a little too short to be satisfying, but it's hard to complain given the minimal time investment to read it.
Elfstones of Shannara ** : Marginally better than "Sword of Shannara". Still mostly a LOTR clone. I suffered through this thing all the way to the end, hoping that it would magically redeem itself in the final pages, but it didn't. Maybe I'm just burned out on fantasy novels. If you really like fantasy and don't mind some storyline recycling, add another star.
2006
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The book's central premise is that diets with a large percentage of animal-based protein are conducive to cancer, heart disease, diabetes, multiple sclerosis, and many other diseases. The solution to avoid cancer and disease? Go vegan.
The author reaches this conclusion by using data from the China Study to compare the "affluent" diets of western countries (US and Europe) with those of poorer countries (China), which are primarily plant-based. The China Study was a large research effort conducted over twenty years in which the author was principally involved.
This is all well and good, but unfortunately, the book fails to establish causality between disease and diet. Epidemiology is a complex and difficult discipline, and if preventing disease were as easy as simply not eating animal protein, it stands to reason that medical science would have figured this out by now. Indeed, by his own admission, the author is an outcast from the conventional medical establishment, a fact that should raise alarms in the reader's head. Additionally, at times the book's tone takes on an almost religious fanaticism as the author rails against animal-based protein. By the final pages, it seems that Campbell's faith in the vegan lifestyle has tainted his view of the China Study data.
As some critical web sites detail, the China Study makes no statistically significant correlation whatsoever between diet and disease. (See Blog of Brad from an organic farmer, and Beyond Vegetarianism, a pro-vegetarian web site that disagrees with Campbell).
Clearly the author has found religion, but until his theories are tested through double blind clinical trials, the establishment is wise to remain skeptical of the claims in this book.
2006
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Some of the interesting topics discussed/proven in this book:
- How teachers cheat by altering their students' standardized test scores
- How sumo wrestlers cheat by throwing matches when it doesn't affect their overall ranking and will help their opponent's ranking
- How a children's radio show and free information flow mortally wounded the Ku Klux Klan
- Why real estate agents don't have anything to gain by helping you get a better deal
- How and why people lie about themselves on online dating services
- How little drug dealers really make and why they still live with their moms
- The effect that legalized abortion had on crime rates in the 1990s
- How your child has a greater chance of dying if she plays at a friend's house where there is a swimming pool rather than playing at a friend's house where there is a gun present
- How parents focus their energy on safer cribs and child car seats and how they are, at best, nominally helpful in preventing child deaths, along with child-resistant packaging, flame-retardant pajamas, car airbags, and safety drawstrings no clothes (the cumulative deaths from all of these causes is significantly less than swimming pool drownings for children).
- How "good parenting actions" have very little effect on the educational success of children (the following had no correlation with academic success: having a stay-at-home parent; being read to them every day; going on museum trips or being enrolled in Head Start; not watching TV)
- The socioeconomic effect of a person's name
2006
Hawaii's Humpback Whales **** : Well illustrated overview of humpback anatomy and behavior. Very informative.
Design of Everyday Things ***** : A bit dated, but still an outstanding book on user-oriented design. You will never look at the world the same way again.
Out *** : Four women kill a man and deal with the consequences in this Japanese thriller.
2005
Cat Who Placed Post Office *** : Cat with a sixth-sense for mail helps solve an aging missing person case.
Corpse Had a Familiar Face *** : Newspaper reporter with a big head talks about murder in Miami.
Harry Potter 6 ***** : Best Potter in a long time, the joy of the first novel is back!
Why Men Earn More **** : Women are underpaid (for the same work), right? I thought so too until I read this book. Written by a former officer of NOW.
Cat Who Played Brahms ** : Another in the series. Add a star if you liked the first one, otherwise just more of the same. But I'll probably read at least one more.
Cat Who Ate Danish Modern ** : Murder mystery with an interior design twist and a cat.
Balancing Your Family, Faith & Work * : Way too religious for me, although the first chapter is an interesting mini-autobiography of the author's life.
Essential X-Men, Vol. 1 **** : Great background reading on X-Men history (graphic novel).
Blink *** : Interesting collection of psychological studies, but maybe only for Gladwell fans.
Cat Who Could Read Backwards *** : The first in a really long series, already formulaic, but a fun read.
Hungry Ocean ***** : Fascinating glimpse into commercial fishing and the life of a woman swordfish boat captain.
The Truth About the Drug Companies ***** : Drugs are expensive, but drug companies have to spend lots of money to develop them, right? Not true, as this book explains in great detail. New York Review of Books review.
Fencing Master **** : Neat period mystery/thriller based in Madrid in the 18th/19th century.
Imperial Hubris **** : Well written overview of the issues of US involvement in the Middle East.
2004
Winner, The ** : Good fiction for a trip or day at the beach... page turner, nothing too deep.
Who's Looking Out For You ** : Easy read, but O'Reilly's approach to complex issues is too simple.
Touching the Void **** : Great reading for any mountaineer. Perhaps the most outstanding survival story I have read.
Climbing Free by Lynn Hill **** : Good autobiography of the early days of Yosemite big wall climbing.