Concept of Time

"Italians' concept of time is radically different from most people I know in New York, and I'm realizing that I don't have to accomplish 29 things every day, and read the entire New Yorker while drinking my coffee from a paper cup and texting on a treadmill."

Jhumpa Lahiri, 47

Pulitzer-Prize-winning writer

Human Connection

"Here [in Rome at the local food markets], you know the person who bakes your birthday cakes, who makes your salami and cheese every day, and the people who sell everything you put in your body. And they know everything you put into your body because there's this deep, human connection that you create day after day."

Jhumpa Lahiri

Excerpted from Financial Times, 23 May/24 May 2015, page 16 of House & Home FT Weekend.

Author is also on Twitter

Excerpts from Bill Gross' 

Investment Outlook of May 4, 2015

A Sense of An Ending

Here's the link to Bill Gross' investment outlook report of May 4. (Note added on Dec. 5, 2015: They moved the article. Here's another link.)

The following comments stood out for me.

1) "[S]uccessful, neither perma-bearish nor perma-bullish managers have spoken to a “sense of an ending” as well. Stanley Druckenmiller, George Soros, Ray Dalio, Jeremy Grantham, among others warn investors that our 35 year investment supercycle may be exhausted."

2) "Since capital gains have dominated historical returns, investment managers tend to focus on areas where capital gains seem most probable. They fail to consider that mildly levered income as opposed to capital gains will likely be the favored risk / reward alternative."

Author is also on Twitter