In with the new?

Two things I like to read as one year turns into the next are the Economist's Holiday Double Issue, which is always full of stories about a bunch of random stuff from the past and from odd corners of the globe and of human experience, and the New York Times Magazine's "The Lives They Led" issue, which has short sketches of people who died in the past year. I always intend to read, but don't always read as much of, the Economist's forward-looking issue about the year coming up, with articles by various bigwigs.

Why is that, I ask myself? Does this mean I am essentially more retrospective than prospective in orientation? Perhaps, indeed probably. Or maybe it is just because I am skeptical about people's ability to predict the future, beyond its simple arrival. Or the fact that, when people are speaking of the future, they are intensely likely to "talk their book," which is to say peddle the version of the future they would like to see happen.

But that's true in a sense of the past as well.

In any event, the intensity with which the experience of individuals resonates with me indicates to me that I am doing the right thing by working with individuals, as opposed to trying to become a true investment analyst and manage pools of money for a fund or institutions.

For now, it's time to gear up and take Graham for a run over in Carolina North, which we used to refer to as "the woods" when I grew up in Glen Heights.