Little #Thought; Small #Steps - HIGH #ACHIEVMENT

 

"THERE IS NOTHING MORE NOBLE THAN UNDERSTANDING AND APPLYING SOUND DISCIPLINE"

T A MCNEIL

JUST FOR A LIGHTER SIDE

Start Anywhere - Greatness Doesn't Know Where You Begin 

One of the best ways to improve performance is to change where you start.

You don’t need to start at the bottom of the mountain to get to the top. You can learn from the people that came before you.

Standing on the shoulders of the people that have done what you want to do changes your starting position. You’ve unconsciously done this all your life. Consider how you learned calculus in school. Isaac Newton climbed the calculus mountain years ago. And while you might never reach the summit, you’re certainly not trying to work out everything for yourself. Learning from his work allows you to start halfway up the mountain.

There is a wrinkle worth pointing out. Most of what you learn in school changes slowly. However, in the real world, a lot of what you need to know to get ahead changes quickly. And that means finding someone with a lot of experience and learning from them isn’t the best approach.

Experience can be deceiving. When I worked at the three-letter-intelligence agency, I had a mentor who was 25 years older than me. While it was well-intentioned, the specific advice he offered me to get ahead wasn’t relevant anymore. It worked for him 25 years ago, but the environment had changed too much. However, his general advice was spot on.

When starting a new job, find the person that just got promoted from the role you got hired into and ask them for specific advice. The word specific is important. These are the tools, the techniques, the skills that worked in the same situation you’re coming into. If you talk to someone who climbed the mountain a long time ago, odds are the specific advice isn’t as relevant as things have changed.

You control your starting position more than you think. For specific advice, find someone a step or two ahead of you. For general advice, find someone older who can put things in perspective.

FARNAM STREET

BRAIN FOOD

Shane Parrish

ALBEIT THERE ARE NO SILVER BULLETS - THIS IS CLOSE

About Farnam Street

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#FFIGROUP MEDIA #EXCLUSIVE:There is Little #Time Left - Do the #Math!

 

HOW MUCH TIME DO WE HAVE?

It is so strange that the answer to our demise comes from a straight-forward overall calculation that seems so simple because the equation consists of just three key primary factors that can be used to theoretically calculate our species expected long term existence in any environment - where there are determinable finite resource inventories and constraints; big or small - including the resource inventories of our whole planet.

The theoretical calculation goes roughly like this - there are A current quantities of total combined energy and material resource units available to use for survival on this planet; there are B probable quantities of people units existing in an annual time period going forward, and they will each in turn consume C total resource units per capita annually. Then just divide A total resource units available by B times C (= total of expected annual consumption of resource units of all people) to calculate D - and the answer then tells us what the probable expected duration or the number of years that the species can roughly expect the resources to last and provide for its survival.

Expected Time Remaining Formula

D = A\ ( B x C)

To illustrate; suppose there are 100 million combined energy and material resource units available for consumption from an environment and 10,000 people exist there and they consume 100 resource units annually. Therefore, every year 1 million resource units are consumed. The equation calculates that there is roughly 100 years left if this people/consumption pattern is continued under the constraints and numeric inventories of this environment.

INDUSTRIAL EXPERIMENT FINAL CURTAIN

Admittedly, this result is a ballpark figure, but it is still close enough to draw our attention to the critical metrics we need to manage and their resultant and variable timelines. Moreover, based on our general knowledge of energy and material resource inventories - we can reasonably assert that we don't have thousands or even hundreds of years left to manage these factors and get the equation right. Time is quickly running out...

To add even a little more acceleration to the mathematically expected outcomes - also apply exponential growth laws to the B and C factors or inversely to the A factor and you dramatically and quickly reduce the total resources available for consumption and thus the amount of survival time remaining.

To sum up - you can never defeat the combined numerical laws of mathematics and physics - I guess Moses left the tablets with these commandments behind somewhere on the old hill. Yet, from the beginning we were taught by secular doctrines that we are playing a positive sum economic game with a guiding mantra of infinite growth that is authoritative and unquestionable - when the true reality is we were actually engaged in a negative finite sum game rapidly using up the planet's scarce resources - that is consequently now heading towards a terrible conclusion.

T A McNeil

First Financial Insights Group

Further Background:

Exponential Growth Arithmetic, Population and Energy, Dr. Albert A. Bartlett

POPULATION BOMB

#Inspirational #Wisdom Quotes - March 31, 2022

 

I was thinking about how people seem to read the Bible a whole lot more as they get older; then it dawned on me - they're cramming for their final exam.

George Carlin

Inspirational Wisdom Quotes

 March 31, 2022

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 2022 Inspirations and Wisdom

On Stage Performance- Just Too Funny

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#IAE FORUM SEES #OIL RISING TO $150 A #BARREL

 

March 30, 2022

' In the Know, Ahead of Markets, Deciding Wisely...'

 AGAIN OIL PRICES SET TO RISE AND TWART GLOBAL ECONOMY

Oil rebounds on tight supply, prospects of new Russia sanctions

Oil Climbs After Two-Day Drop as Investors Assess Ukraine Talks

International Energy Forum: $150 Oil Is Possible

Global oil supply disruptions approaching 5-6 mln bpd

CRITICAL OIL TALKS FORUM 

MARCH 28,2022

IAE FORUM SEES $150 A BARREL

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#Inspirational #Wisdom Quotes - March 29, 2022

 

. "I hate to hear you talk about all women as if they were fine ladies instead of rational creatures. None of us want to be in calm waters all our lives."

Jane Austen

Inspirational Wisdom Quotes

 March 29, 2022

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 2022 Inspirations and Wisdom

ERRATIC #EVENTS AND SURPRISES CONTINUE TO PLAUGE #ENERGY #MARKETS

 

March 28, 2022

' In the Know, Ahead of Markets, Deciding Wisely...'

• Oil Settles Up this Week with Saudi Arabian Facilities Under Attack
• 
  
• Crude oil futures steady to higher as supply concerns ease after EU summit

TOP #EFE TEAM CAPTURING THE FIELD ACTION

• Oil slips with some concerns easing over Kazakh supplies
• 
  
• High Gasoline Prices Are Starting To Hurt Demand

OTHER MID-EAST CONFLICTS AFFECT OIL STORAGES

" no where to run, there is no where to hide"

#Inspirational #Wisdom Quotes - March 27, 2022

Intelligence without ambition is a bird without wings.

Salvador Dali

 Inspirational Wisdom Quotes  

 March 27, 2020 

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 2022 Inspirations and Wisdom

#NYC START GOING TODAY - #ECONOMY TOO SLOW

  Bloomberg

New York City’s Renewed Vibrancy Is Hiding Deep Economic Pain

Workers still aren’t flocking back to offices and unemployment is double the U.S. average, ratcheting up pressure to reinvent the city’s economy.

By

Alicia Diaz and

Alexandre Tanzi

New York City’s apartment sales are sizzling, popular restaurants are booking up and Covid mandates are fading away. But underneath the buzz, an economic pain persists in a city where twice as many people are unemployed compared to the seasonally adjusted U.S. average.

At 7.6%, the city’s unemployment was among the worst of major cities. It also lags behind neighboring Northern New Jersey and Long Island. The jobless rate jumps to 11.1%, not seasonally adjusted, in the Bronx, the highest of New York’s five boroughs, and even higher for Black New Yorkers, who were disproportionately impacted by job losses during the pandemic.

“New York’s economy is enduring a slower recovery because it is so dependent on the office and entertainment sectors,” said Mark Vitner, a Wells Fargo senior economist. “Cities that were quicker to reopen following the initial lockdowns at the start of the pandemic have also tended to see stronger recoveries.”

NO RECOVERY FOR THE BIG APPLE?

Read More

#OIL MARKETS #MANIC BUT PRICES SHOULD SETTLE #HIGHER

 March 25, 2022

' In the Know, Ahead of Markets, Deciding Wisely...'

MARKETS INDICATE THAT OIL PRICES WILL SETTLE MUCH HIGHER

• 
  
• Oil prices see-saw amid hopes of Iran deal, supply woes linger
• 
  
• Short Squeeze Sends Oil Prices Above $120

#EFE TEAM CAPTURING THE ACTION

• Oil Swings as Biden, Allies Gather to Step Up Pressure on Moscow
• 
  
• Top oil traders warn prices could breach $200 a barrel

FINAL ANALYSIS: PRICES TO KEEP GROWING

#Inspirational #Wisdom Quotes - March 25, 2022

 

• "We cannot solve our problems with the same thinking we used when we created them." 
• Albert Einstein

Inspirational Wisdom Quotes  

 March 25, 2020 

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#BIG #PLAYERS SEE #OIL AT $200 By 2022-End

 

OILPRICE.COM

Top Oil Traders See Oil Topping $200 By End-2022

By Irina Slav - Mar 24, 2022,

• A number of big oil traders now predict crude to trade at more than $200 per barrel by the end of 2022.
• 
  
• Doug King, the chairman of RCMA Group even sees crude at $250 by year's end.
• 
  
• Most $200 oil predictions are factoring in a significant loss of supply from Russia.

 

Some of the world’s biggest oil traders expect oil prices to exceed $200 per barrel by the end of the year, the Financial Times reported, citing opinions shared at its Commodity Global Summit this week.

“Wakey, wakey. We are not going back to normal business in a few months,” said Pierre Andurand, who has been super bullish on oil for a while. “I think we’re losing the Russian supply on the European side forever.”

The hedge fund manager first made his $200-per-barrel forecast earlier this month, saying that producers ranging from African members of OPEC+ to the U.S. shale patch will struggle to replace the Russian crude going off the market.

Yet Andurand is neither the only superbull nor the biggest one. Doug King, the chairman of RCMA Group, told the FT that crude oil could top $200 and reach $250 by the end of the year.

“This is not transitory. This is going to be a crude supply shock,” King told the FT summit.

READ MORE

BofA Sees $200 Barrel Oil

#Goldman #Sachs Sees Further #Oil Price Increases

 

' In the Know, Ahead of Markets, Deciding Wisely...'

EU Uncertainty Furthers Climb in Oil Futures

 

• Oil extends rally as EU members weigh Russian ban, Houthis target Saudi
• 
  
• Crude oil futures extend gains as EU mulls Russian oil sanctions

#EFE Keeping An Eye on the World

• Fixing London’s Housing Crisis Means More Risk of Deadly Floods
• 
  
• Every Country Is Flunking WHO Air Quality Standard: Report
• 
  

GOLDMAN SACHS CONTINUES TO SEE HIGHER PRICES

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#Inspirational #Wisdom Quotes - March 23 ,2022

 

Inspirational Wisdom Quotes  

 March 23, 2020 

 2022 Inspirations and Wisdom

' The  greatest deception men suffer is from their own opinions '

Leonardo da Vinci

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#WSJ COMMODITIES CRUNCH - FIRST RULE OF #INVESTING - #MOTHER #NATURE BATS LAST

   

Cash Crunch Drives Wild Moves in Commodities

Exchanges and brokers are demanding more money upfront to trade oil, wheat and natural gas, straining markets amid supply disruptions from war in Ukraine.

Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn can have little to do with the price customers pay at the store. 

     READ MORE

WHAT IS THE LINK WITH RETAIL PRICES?