An Interesting Insight from ETR

How is it possible that billionaires have the best employees, contracts that favor their companies, and business strategies that bring them tangible financial benefits year after year? The answer is simple: They see more in people, contracts, and the various business strategies that are offered them throughout their careers.

I don't think I should quote overmuch from Early to Rise, since they charge for their services [Maybe not. They seem to have gone FREE on me since I subscribed. Hopefully they'll renew me at that rate, but I don't regret having paid for what I got.], but this goes well with a point made the other day in a letter to another contributor:

From a letter written to Bill Bonner at The Daily Reckoning...

"I'd like to share a grammar school lesson I got in the fifth or sixth grade of Catholic elementary school. Bear in mind that this was the fifties, and the boys were taught by the Christian Brothers. These guys were tough. Many of them, if not all, were WWII or Korean War vets. And, they had answers for most tough questions. They also were pretty blunt. And, not a lot of patience for distinctions that did not make a difference. Strangely, they took a pretty strong position on [the subject of equality].

"Jefferson wrote 'all men are created equal.' To these battle-hardened vets, there was nothing 'wrong' about this assertion. Quizzically, they would say, 'All men ARE created equal. But, all men are NOT born equal.'

Whoops! I got my dates backwards. This one is from today, the first quote is from 7/22/06.

They also have a nice quote by Ben Franklin:

The Quotable Mr. Franklin: On Doomsdayers ...

"I saw in the public papers of different states frequent complaints of hard times, deadness of trade, scarcity of money, &c. It is always in the power of a small number to make a great clamour. But let us take a cool view of the general state of our affairs, and perhaps the prospect will appear less gloomy than has been imagined."

(Source: The Compleated Autobiography, by Benjamin Franklin, compiled and edited by Mark Skousen)

I'm a big fan of Skousen as well as Franklin.

My Favorite Poem

I suppose it's neither a very bourgeois nor philistinish to post on such a topic, but I'm in the mood, and those who know me will understand its meaning to me:

"Terence, this is stupid stuff:
You eat your victuals fast enough;
There can't be much amiss, 'tis clear,
To see the rate you drink your beer.
But oh, good Lord, the verse you make,
It gives a chap the belly-ache.
The cow, the old cow, she is dead;
It sleeps well, the horned head:
We poor lads, 'tis our turn now
To hear such tunes as killed the cow.
Pretty friendship 'tis to rhyme
Your friends to death before their time
Moping melancholy mad:
Come, pipe a tune to dance to, lad."

Why, if 'tis dancing you would be
There's brisker pipes than poetry.
Say, for what were hop-yards meant,
Or why was Burton built on Trent?
Oh, many a peer of England brews
Livelier liquor than the Muse,
And malt does more than Milton can
To justify God's ways to man.
Ale, man, ale's the stuff to drink
For fellows whom it hurts to think:
Look into the pewter pot
To see the world as the world's not.
And faith, 'tis pleasant till 'tis past:
The mischief is that 'twill not last.
Oh I have been to Ludlow fair
And left my necktie god knows where,
And carried half-way home, or near,
Pints and quarts of Ludlow beer:
Then the world seemed none so bad,
And I myself a sterling lad;
And down in lovely muck I've lain,
Happy till I woke again.
Then I saw the morning sky:
Heigho, the tale was all a lie;
The world, it was the old world yet,
I was I, my things were wet,
And nothing now remained to do
But begin the game anew.

Therefore, since the world has still
Much good, but much less good than ill,
And while the sun and moon endure
Luck's a chance, but trouble's sure,
I'd face it as a wise man would,
And train for ill and not for good.
'Tis true, the stuff I bring for sale
Is not so brisk a brew as ale:
Out of a stem that scored the hand
I wrung it in a weary land.
But take it: if the smack is sour,
The better for the embittered hour;
It should do good to heart and head
When your soul is in my soul's stead;
And I will friend you, if I may,
In the dark and cloudy day.

There was a king reigned in the East:
There, when kings will sit to feast,
They get their fill before they think
With poisoned meat and poisoned drink.
He gathered all that springs to birth
From the many-venomed earth;
First a little, thence to more,
He sampled all her killing store;
And easy, smiling, seasoned sound,
Sate the king when healths went round.
They put arsenic in his meat
And stared aghast to watch him eat;
They poured strychnine in his cup
And shook to see him drink it up:
They shook, they stared as white's their shirt:
Them it was their poison hurt
- I tell the tale that I heard told.
Mithridates, he died old.

-- A. E. Housman

I got it here, where you can read some commentary on the background and imagery.