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"In the short run, the market is a voting machine. But in the long run, it is a weighing machine."

— Benjamin Graham - h/t Poor Charlie’s Almanack

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"There is no better teacher than history in determining the future… There are answers worth billions of dollars in a $30 history book"

— Bill Gross (courtesy of Poor Charlie’s Almanack)

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Hiking near Ein Kerem just outside Jerusalem. We took the black trail from near Hadassah hospital and then continued on the Israel National Trail before doubling back to the road before dark. More details to come soon!

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"When friends and acquaintances are telling you [that] you are a genius, before you accept their opinion, take a moment to remember what you always thought of their opinions in the past."

— Carl Icahn http://blogs.marketwatch.com/thetell/2013/12/28/the-best-financial-advice-from-22-big-names/

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"You’ve got to work on the problems the company needs you to work on, not the problems you want to work on."

Elon Musk on the less fun side of being a CEO (or in his case, CEO x 2)

Quote taken from this interview done between Salman Khan and Elon Musk: http://www.youtube.com/watch?v=vDwzmJpI4io

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This radio program demonstrates one example of how lobbyists and corporate interests are destroying the fabric of American democracy. 

Audio

This week Ruth Alexander looks at the extraordinary case of Andreas Georgiou the head of the Greek statistics agency, Elstat. He is facing criminal charges for what amounts to statistical treason. It is a story that goes to the heart of the Greek debt crisis, that includes extreme office politics, alleged e-mail hacking and a statistician facing at least five years in prison. We speak to Economists Miranda Xafa and Professor Yanis Vourafafkis as well as Syriza MP Dimitris Tsoukalas. Also: do American football players die earlier than their fellow Americans?

Basically this podcast explains my current disdain for Greece. Or more fairly I should say the Greek government. 

Quote
""Motivation has only one role in our lives, and that’s to help us do hard things. If you don’t have to do hard things then you really don’t need much motivation." - BJ Fogg"

http://www.youtube.com/watch?v=sJ3bvmYkPGs

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"Charles Darwin’s theory was clear: it is the fittest, not the biggest, that survive."

http://www.economist.com/blogs/gulliver/2013/11/etihad-s-expansion