3/14 Kelly Letter Topics
Weekly market review
Fed oversees banks
EU bails out Greece
China likes Treasurys
Consumers still down
CT suing Moody's, S&P
US AAA rating at risk
Strong retail sales
Topping oil prices
Index chart patterns
Households suffering
Market at 1150
What range top means
FMD shooting higher
Bluefin tuna ban
2010 EDITION
Much has changed; good investing has not
The Neatest Little Guide to Stock Market Investing, 2010 Edition
From George Carlin's interview on Salon, here's a dose of optimism:
I divorced myself from any stake in the human adventure or the American adventure. That sounds kind of pompous so let me just break that down. What I decided was that I didn't give a f*** about what happens on this planet to these people. I mean, I see the nice things in people, I see the good things, but I also see what a depraved, sick species we are, the only species that kills its own for personal gain.
I'll go back to square one on this: We squandered a lot of gifts. Human beings were given a lot of great gifts. We were given the ability to reason, this extra-large brain, walking erect, having binocular vision and the opposable thumb, and all of these things, and we had such promise, but we squandered it on goods and superstition. We gave ourselves over to the high priests and the traders, and they are the ones we allow to control us. I think that's a huge mistake and it's disappointing to me. Now, the corollary is, America was given great gifts, this ideal form of government, this most improved form of self-government that has ever come along up until that time, and we squandered it. And once again, on the same two things: gizmos and toys and gadgets -- goods, property, possessions -- and also this country is far too religious for its own good.
So at some point, I drifted away from feeling any allegiance. Abraham Maslow the psychologist once said, "The fully realized man does not identify with the local group." Boy, when I read that, I said, that's me. I don't identify with city, state, government, religion, association, county, organization or species, even. And what I realized was that this feeling of alienation from all that gave me a kind of emotional detachment that was very valuable artistically. To be able to look at things and not give a f***. To not have a rooting interest in the outcome. I don't really care what happens in this country. I'll be honest with you. I don't give a f*** what happens. I don't give a f*** what happens to this earth, because it's all temporal and it's all bulls***.
