Amid all of this uncertainty, and being 55 years old going on 80, I had to think long and hard about how to steer our ship into these new waters. There are basically five categories of options that range from indifference all the way to going head-first over the transom and selling the business to someone else to steer the ship instead.
Anthony Bourdain & The Balvenie head to Olympia, Washington to see firsthand how master bladesmith, Bob Kramer crafts the perfect kitchen knife from melted meteorite. Kramer is one of only one hundred twenty-two certified master bladesmiths in the U.S. and the only one who specializes in forging the word’s finest kitchen knives.
The Balvenie’s longstanding alliance with craft is a result of the distillery’s dedication to the five rare crafts of whisky making, which allow them to achieve their distinctive taste and exceptional quality. The Balvenie still grows its own barley, still malts in its own floor maltings, employs a team of coopers to tend its casks, a coppersmith to maintain its stills, and has in its service the most experienced Malt Master in Scotland.
Warehouse 24 offers its members access to exclusive events, early notice of new product releases and insight & knowledge from The Balvenie’s team of craftsmen. Join here: https://us.thebalvenie.com/warehouse2…
A petition has been started on the White House website to nominate our very own Charlie Papazian for the Nobel Peace Prize. While we aren’t the masterminds behind this movement, it’s absolutely something we can support! The petition reads: Dear President Obama, Charlie Papazian is the originating force between two industries, home-brewing and the craft […]
via American Homebrewers Association http://www.homebrewersassociation.org/news/white-house-petition-formed-to-nominate-charlie-papazian-for-nobel-peace-prize/
A specific form of the appeal to ignorance is the argument from personal incredulity, where a person’s inability to imagine something leads to a belief that the argument being presented is false. For example, “It is impossible to imagine that we actually landed a man on the moon, therefore it never happened.” Responses of this sort are sometimes wittingly countered with, “That’s why you’re not a physicist.”
We don’t know what the future holds, but we can make some reasonable assertions based on long-term historical data. We know that holding non-correlated asset classes provides diversification benefits, one of the few free lunches on Wall Street. Large-cap and small-cap stocks in the United States, equities of emerging markets and developed nations, Real Estate Investment Trusts, Corporate Bonds, Treasury Inflation Protection Bonds, High Yield Bonds and, of course, old-fashioned Treasuries. We hold these in a proportion that matches your risk tolerances — more equities for those with a reasonable appetite for growth, less for those who are less comfortable with volatility. Assuming no major life event changes and your risk tolerance (notice the direction of the market should not determine your true risk tolerance), rebalance once or so a year in order to not stray too far from your original allocation.