DooDiligence

YouTube is indeed wonderful!

I recently watched Metallica Through The Never after seeing Some Kind of Monster Nothing like a little angry metal to spice up the jazz.

She used her Bene Gesserit voice on him.

You gotta beep a gunk a chucha Honk konk konk kadanta Each ya puna ney cha Bap pa lula ni chao Pao pati cha Ni saong kong Yeah, ride

I saw him last year, live at Avondale Brewery in Birmingham. I got right up front. What he does is insanely difficult. It's all on the spot improv. He has a huge arsenal of licks and harmonies to dip into. He's the reason I started using a Boss RC-505 looper. Long live the LoopDaddy!

Brilliant, thanks for posting! The part I found most interesting was where he produced a tip sheet that handicapped horses at an Omaha race track. He called it "Stable Boy Selections". Here's an excerpt which seems to provide the bare bones of his investment process. --- Warren discovered the Rules of the Racetrack: 1. Nobody ever goes home after the first race. 2. You don’t have to make it back the way you lost it. The racetrack counts on people to keep betting until they lose. Couldn’t a good handicapper turn these rules around and win? “The market is a racetrack too. But I was not developing elaborate theories in those days. I was just a little kid.” Buffett started to see that markets were generally roughly efficient but that there was plenty of opportunity to exploit mispricings if one paid close attention. “I’d get the Daily Racing Form ahead of time and figure out the probability of each horse winning the race. Then I would compare those percentages to the odds. But I wouldn’t look at the odds first, to avoid prejudicing myself. Sometimes you would find a horse where the odds were way, way off from the actual probability.You figure the horse has a ten percent chance of winning but it’s going off at fifteen to one.” “The less sophisticated the track, the better. You have people betting on the jockey’s colors, and you have them betting on their birthdays, you have them betting on the horses’ names. And the trick, of course, is to be in a group where practically no one is analytical and you have a lot of data. So I would study the forms like crazy when I was a kid.” Long before getting serious with stocks, Buffett was learning how to think in bets, how to recognize the impact of human psychology and decision-making biases in markets, and how to develop an edge in investing. He did it by finding a field of practice that was fun and interesting to him.

Speaking of wallflowers...

The People vs Larry Flynt A provocative look into the battle for free speech. Seems timely and there are some classic moments that will piss some people off and make others think. Flynt was a self professed sleaze but his battle against hypocrisy was righteous. edit: I'm amazed that Courtney Love can actually act, but apparently she can.

PARA (nice set of properties), but no DIS

I'll take "How to Avoid a Scam" for $0 Alex. www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned

Most people don't know that when their employer "self-insures" and uses Blue Cross or another provider, the provider just administers the benefits plan and sends a bill for claims to the employer.

More GOOGL if it hits my stinker bid of $85.

Powell's lips move but I can't hear what he says.

Comfortably numb.

It's an analogy for WEB turning See's upside down to shake all the cash out.

The Truth About Inflation: Why Milton Friedman Was Wrong, Again "Milton Friedman has been dead for more than a decade, but his ghost still haunts us. In the 1960s, Friedman declared that inflation is ‘always and everywhere a monetary phenomenon’ — a problem of printing too much money. Since then, whenever inflation rears its head, you can count on someone to reanimate Friedman’s ghost and blame the government for spending too much." "The idea that averages should be reported together with a measure of variation is a basic part of empirical science. And yet when economists study inflation, this practice is conspicuously absent." "The real story of inflation — the one that goes largely unreported — is of wildly divergent price change among different groups of commodities." "For some reason, economists didn’t listen to the memo given to all other scientists — the one that said ‘thou shalt report an average alongside a measure of variation’." "Like most good ideologies, this argument contains a devious trick. What monetarists won’t tell you is that the money supply gives meaningful insight into inflation only if price change is uniform." "Having seen that price change varies greatly between commodities, you might wonder why this matters. Well, it matters because it means that inflation is not purely a ‘monetary’ phenomenon. Inflation redistributes income." "Nitzan and Bichler have discovered, for instance, that inflation systematically benefits big business." "So it seems that in the real world, inflation looks nothing like it does in economics textbooks. Yes, inflation is a ‘monetary phenomenon’ — as is anything to do with prices. But more importantly, inflation is a power struggle over who can raise prices the fastest." https://evonomics.com/the-truth-about-inflation-why-milton-friedman-was-wrong-again/ I'm not sure whether such a complex phenomena can be treated so easily without a rearview mirror and a well constructed narrative.

Oh, I thought you were talking about The Forgotten Battle.

Is this book written in an academic style or is it more of a dramatized version like Band of Brothers? I couldn’t tell from the reviews.

That's friggin brilliant! I was totally unaware of the backdoor II V. You've hit on the very genre that has captured all of my recent attention, jazzy soul / R & B. It suits my abilities. I'm not a fancy right hand soloist but do have respectable ability to run right hand chord progressions in a variety of voicing's, and I've been developing my left hand for bass lines (I'm left handed so, duh). Here's a cover I learned tonight. It's a pretty simple progression in C# minor and goes C#⁻7 (RH plays it in 2nd inversion) then a simple chromatic walk down to root position G°7 > F#⁻7 > F#⁻7/B and back to C#⁻7 (left hand plays all the roots). I've got to find a woman who can sing this at an open mic. I'm going to watch that Stevie Wonder tutorial again in the morning. I should probably stop highjacking this thread and start one in the personal category.

Thank you for your condolences. I spent a lot of years doing everything I could for, and with, my Mom and was fortunate to have been able to hold her hand until the end. Regarding the production of tension in harmony. Tension is produced by moving away from tonic (the point of rest). Whether a chord is minor or major is not so relevant as its position within the harmony. Is it leading away or towards tonic? Functional harmony in a major key runs from iii vi ii V I, where the IV can sub in for the vi (2 common pitches), and the vii° can sub in for the V since the vii° also performs a dominant function (both present instability and consistent voice leading which sends you back to the tonic). Functional harmony provides a smooth progression which leads the ear away from tonic (where tension gets created), and then heads back to tonic resolution (the point of rest). This is a simplistic view which doesn't take into account tonal shifts created by secondary dominants, and altered and borrowed chords. In jazz, you find ii V I's rather than the IV V I progression that dominates pop music. You'll also hear a lot of extensions and alternate voicing's which give jazz its distinctive color. I'm currently working on a loop song which uses a basic minor jazz harmonic progression (i9 ii11 V⁺b9), with some added tension on the dominant. The right hand plays rootless voicing's and the left plays the roots with some non-harmonic tones thrown in. The altered (augmented dominant with a flat 9), adds additional tension that really hammers home what key you're in and points the ear to a tonic resolution. (see and hear the attachments, if you dare) The EP part is my Yamaha P121 Rhodes voice. The beats come from an arpeggiated Yamaha MOXF6 drum kit. The guitar is an arpeggiated MOXF6 voice, and the bass is played on both the P121 & the MOXF6. It's designed to be a loop performance with the parts being brought in separately. The piano parts will; NEVeR be arpeggiated! Disclaimer: I'm terrible at mixing & mastering tracks so turn your volume down a few notches for the full recording. Also the transcription of the 1st 2 systems is poor. I can't seem to dictate the rhythms as I'm playing them. The 3rd system is not on the recording but the transcription nails the syncopation perfectly. I also spell the V⁺b9 using an F instead of a correctly spelled E# because who the F wants to read an E#? Back to the economic discussion. I realize that I will likely never understand Fed / Treasury operations or their effects, and will just stick to my low level gazes at individual businesses and make up stories regarding their futures. edit: I just realized that the end of that recording didn't resolve to tonic. It does when the looper starts the phrase again, which is the nature of loop performance. Kind of leaves you hanging and illustrates the tension of not resolving to tonic though. Funky Bumps.mp3 E Piano only.aif Funky Bumps.pdf

I've always struggled with understanding TGA, RRP operations and the effect on liquidity and markets. Thank you to a few posters here who've chipped away at my ignorance. This substack made the game of musical chairs a little bit more clear to me; but the question still remains, who get's the chair that's too soft / hard and will there be one that's just right? https://thelastbearstanding.substack.com/p/draining-the-repo?r=6gq23&utm_medium=ios&utm_campaign=post edit: I'm already firmly planted in my chair with the knowledge that I may have to sit on the floor for a while if it collapsed. I think my carpet is thick enough to endure the indignity.

Sold the remainder of T and put a bit of it in EW.

I’ve been considering that. Portugal is also an option.

Sold about 1/3 of ATT on todays bounce. It's been dead money for a long time and I don't see that changing. They unloaded a lot of debt and now they're going to re-lever in a game of catchup. www.fiercetelecom.com/operators/at-t-s-elbaz-says-fiber-deployment-costs-are-getting-better www.reuters.com/technology/att-talks-with-investors-expand-fiber-optics-network-report-2022-10-19/ I'll probably put the funds from this sale into BRK, which is what I tried to talk my Mom into doing a long time ago.

Music, specifically keyboards. Progress is glacially slow but I've been taking lessons from a jazzy / funky keyboardist and love this kind of music. I have 5 songs that I've written which are designed to be performed solo, using a looper pedal. I'm inching closer to doing some open mics. The biggest impediment is that I use 3 different boards on 2 stands and porting all my gear is a chore. It's a mental impediment, of which I have a few. I've been going to open mics to view setups and meet other musicians and have met quite a few talented and like minded individuals. I hope to wow a few of them and start playing together. I envision a Becker Fagen type of arrangement where we write material with certain additional ad hoc musicians in mind. I've also been experimenting with video, specifically, stop motion video and intend on producing short clips to go along with recordings. I get through with my AA next Summer. We're nearing the end of this semester (Descriptive Astronomy is taking more time than I expected) & (Spanish requires damn near zero study). Next semester I'm signed up for Contemporary Literature and Spanish II. After that, I'll be able to devote a lot a lot more time to pulling together musical projects. Playing music puts me in the flow.