No Sense of Coherence

Added on by C. Maoxian.

From James MacGregor Burns' appearance on Booknotes in 1989:

"LAMB: [In your book you write] "In the late 20th century, many Americans sense an intellectual, cultural, and political fragmentation and trivialization that pervades our public and private lives." ... Is it in fact true that we're getting this?
BURNS: Yes. I think we're trivialized and fragmentized first of all governmentally and politically. We have that kind of system. But secondly our thinking tends to be, again as I was saying a moment ago, very specialized. We don't seem to have today the kinds of broad thinkers in so many different fields. You take a Walter Lippmann. I often disagreed with the guy, but you had a sense of a man who was thinking across a great body of thought. And some of the great philosophers of earlier days. To put this more broadly, Brian, I like to play a kind of a parlor game with people and that is to ask them if they are in a particular specialty -- whom do you remember? ... whom do you think will be remembered from this era 50 years from now in your field as we remember people from say 50 years back? As we remember, say, Lippmann, John Dewey in philosophy and architecture Frank Lloyd Wright; in musical comedy some of the great music ... you can go right across the board. It's quite fascinating and it's very hard to think of the people who will stand that test of time today."

Alan Greenspan's Happy Ending

Added on by C. Maoxian.

From Nathaniel Branden's (Blumenthal's) appearance on Booknotes in 1989:

"[Alan Greenspan] was a member of our circle brought in by another member of our circle. He was reading 'Atlas Shrugged' as it was being written. I kind of love the story of Alan because it was -- all in its own terms -- a happy story. Because what made it interesting is that when Ayn first met him in an elevator, or met him through this other person, she was kind of negatively impressed. I liked him initially a good deal more than she did. There were reasons she didn't like some of his ideas. He was a Keynesian economically. He wasn't what he is today politically or economically. And he also at that time was a supporter of a then fashionable philosophy called 'logical positivism,' which taught that you can be certain of nothing. You can know nothing for sure. You can't even be certain that you existed. 

So he and I would have rather hilarious conversations in which he would try to convince me that one couldn't know for a certainty that one existed. And my task was to see how irrational this was and to prove philosophically that one could have such knowledge for a certainty. Ayn thought I was quite mad to even waste my time talking to a person who would be saying he doesn't know if he exists or not. I kept saying -- listen, this is a very intelligent man. He is a good guy. You're going to see this story is going to have a very happy ending. And eventually he did change his ideas on these various subjects. He did become a very close friend of Ayn Rand. I think that she really cared for him a lot. And they were devoted until Ayn Rand died in 1982."

Viacom Drop, 1 Minute View

Added on by C. Maoxian.

Apparently negotiations with Dish are going poorly ... if you were lucky, your scanner might have picked this up at 12:33, but every day trader on planet earth saw it at 12:34 ... these intraday pop and drop plays are not super common, and you'd have to be in front of the screen all day to catch them, which I don't like to do in my dotage, but if you're a youngster.... 

click to enlarge, get a big monitor

Tweets for April 18, 2016

Added on by C. Maoxian.

The Hard Driving Type

Added on by C. Maoxian.

From Robert Byrd's appearance on Booknotes in 1989:

"[Senator Mansfield had] kind of a laid back style. I served under both Mr. Johnson when he was Majority Leader and Mr. Mansfield. Mr. Johnson -- the hard driving type. The type who would twist arms, cajole, threaten, plead and drive. Mr. Mansfield was just the opposite. He believed in letting every Senator go his own way, make up his own mind. He didn't attempt to twist arms. I did the floor work. Mr. Mansfield was back in his office reading the press, papers, and books and so on. So they had their different styles. Both were good leaders."

Funny how Byrd ducks the question of what he thought about Joseph McCarthy. 

Unintended Fruits of the G.I. Bill

Added on by C. Maoxian.

Funny bit from the transcript of Robert Christopher's appearance on Booknotes in 1989: he lives in "Old Lawn, Connecticut" (not Old Lyme). He has a great smoker's voice ... and died three years later of emphysema. 

On the issue of "Jewish dominance of the American media" he had this to say:

"That's one of the oldest lines in the book. Henry Ford was convinced of that and so was Henry Adams. It simply isn't true. There are some of the powerful media that are owned by Jewish families. The New York Times and the Newhouse chain. But there are a number of others that are owned by WASPs. The whole Los Angeles Times company -- the controlling family there is WASP. Dow Jones which owns the Wall Street Journal is owned by a WASP family. First of all, you can't honestly state that any particular ethnic [or religious] group ... controls the bulk of the nation's most important publications. But more importantly you can't demonstrate that there's any real connection between the ethnicity [or religion] of publishers and the way their papers handle the news. In many cases it's interesting -- Dow Jones is a good case, and the Wall Street Journal is an interesting case in point. The owners are WASP. As it happens right now the Chairman of the Board and the Editor of the Journal are both Jewish."

Tweets for April 16, 2016

Added on by C. Maoxian.

Sally Beauty Could Get Ugly

Added on by C. Maoxian.

Weekly squiggle review, Idiot Wave set-up in Sally Beauty (SBH) ... looks like a minimum move to $20.50 if I scattered the chicken entrails right ... I could have featured this last week instead of the telecom sector (IYZ), but for some reason chose that one instead, probably because it will fail quicker, ha!

Again, this is a weekly chart so the trade could take months to work out.  

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Tweets for April 13, 2016

Added on by C. Maoxian.

No Such Thing as an Expert on Asia

Added on by C. Maoxian.

Some selected bits I liked from Stanley Karnow's appearance on Booknotes in 1989: 

"... [a writer is] a bit like a sculptor with this enormous piece of granite ... you've got to chip away at that granite in order to mold that sculpture, and that is a very hard process. 

I don't know any writer who thinks that writing is fun. It's hard work, and the way I do it is just as if I'm doing any other job. I get up in the morning and I have breakfast and read the newspapers and shave and shower and get dressed, but I go down in my cellar, where I have my study, and work. I try to get to my machine by 8 or 9 o'clock in the morning. Sometimes I'll run out of steam in the afternoon, but sometimes I'll go until midnight. But you have to treat it as a job; you have to be disciplined. You don't sit around waiting for inspiration. If you do, you're never going to get anything done because it's much more fun taking the dog out for a walk along the canal than sitting down there and writing."

"[MacArthur and Eisenhower] hated each other. They had terrible fights. Eisenhower was later asked, Did you ever know Gen. MacArthur? He said, 'Yes, I studied dramatics under him for seven years.' 

Years later when Eisenhower was president, somebody asked MacArthur if he had known Eisenhower, to which MacArthur replied, 'Best clerk I ever had.' There was something incompatible about their characters. MacArthur was a monumental egotist, a talented man, a skilled man in many ways. Eisenhower was essentially a rather modest man, and they disagreed over policy. "

"The interesting thing about the Asians -- the Chinese, the Japanese, the Koreans, the Vietnamese, the Cambodians, Indians, Pakistanis -- coming to the United States is they're coming in with all the old American virtues -- family, hard work, risks and endurance, stamina. I think they're making a positive contribution to this country."

Tweets for April 12, 2016

Added on by C. Maoxian.

Tweets for April 11, 2016

Added on by C. Maoxian.

Majoring in Jeffrey Hart

Added on by C. Maoxian.

From Greg Fossedal's appearance on Booknotes in 1989:

"... we have this image of the Voice of America as sort of simply being the counterpart to Soviet propaganda. That it's sort of supposed to repeat democratic slogans and tell people how much superior democracy is ... the interesting thing is that the radios seem to have the most impact when they are concentrating on conditions within those countries. It doesn't do somebody in Hungary much good to hear that Americans are more prosperous. What they need is ideas and facts about how to incrementally reform the communist system ... our radio very aggressively and in some detail and with some thought behind it reported on those [incremental economic reforms in Poland and elsewhere]. And reported on how people were organizing in other countries and within Hungary how alternative parties were forming to the communist party. And this information was critical to the formation of those democratic movements."

Horizon Pharma Pre-Open

Added on by C. Maoxian.

When something is moving pre-open (or after-hours) and I don't know why, I turn to StockTwits. If I had a Bloomberg Terminal, I'd look there first, but I'm on a $9.99 a month data feed, not an $1,800 a month one. Twitter itself is too full of ticker symbol spam to be of any use, and no "free" news source is quick enough to report anything.

Here's the timestamp for the 8-K: Accepted 2016-04-12 08:00:50. There are a lot of opportunities if you're paying attention and can act fast. 

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Telecom Sector Looks Like a Short

Added on by C. Maoxian.

Scrolling through the weekly charts I noticed an Idiot Wave set-up in the telecom ETF, ticker symbol IYZ. Just squiggles, you know, the zig zag pattern, so if you're into risking money based on these things, the reward looks decent. Weekly chart so would take months to work out probably. Not something a hyperactive day trader could stand to do, except in a very small, take-it-and-forget-about-it way.  

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