Juggling Dynamite

Interesting reminder on some of the impacts of automated help. Here is a direct video link.

Time to watch The Matrix again… For me the broader question is always about health.  If humans no longer need to leave their house or physically exert themselves for their existence, how do we keep our bodies healthy enough to enjoy life?

Discussing these ideas with some friends on the weekend, I began to think that perhaps in a virtual world, where people do not need to actually eat a Big Mac, or drink alcohol or smoke a cigarette to feel like they are experiencing these things, perhaps our bodies will also benefit from not suffering the toxic impacts of ingesting.   Less clear to me is how inactive people are then to maintain their muscles and vascular systems.  Maybe we will become uploaded to a virtual conscience and out of a physical body altogether?

Basic rule to manage life by: no one gets it all their way all of the time. Especially true in business and financial matters.

The commodity exporters that benefited the most from the global credit boom: Australia, Brazil, Canada, Russia, will now feel the downside of that boom more than most. Credit brings forward future demand and spends it in the present, leaving less demand for the future: hence the saying, “comes full circle”. Wise managers save a large portion of the excess capital generated in the boom in order to supplement the slower growth phase that comes thereafter. Unfortunately, most people–and certainly most governments and financial sales folks–are not wise. The preferred strategy is to pretend that the gains from boom can all be banked without any give back period…and that record earnings can only get better. Those who are the least wise and the most risk-exposed the past couple of years, have been looking the brightest. This too shall come full circle.

Here is a direct video link.

Passport Capital Founder and Chief Investing Officer John Burbank discusses his outlook for the markets and his investemnt ideas. Here is a direct video link.