Amazon, netflix and google plus apple and nvidia are rocket ship names and yes, rocket ships peer yoodically, you know what they do, they fall. And when they do they inspire sell offs like the one we had today. Nasdaq so many high fliers, losing. 88 . In fact we had two rockets ships that worked today, fang and rocket man himself, gkim jongu. This time our fly overers of north korea amount to a decoration of war. Now when a star ship fang crashes to herself as more risk of versus money flood into the u. S. Treasuries, the dividend yields. I show how the buy was, it may be it takes a up the shares of company that make canned soup, cereal, bell visit that all fall out. Rather than the need to stockpile food that can withstand radiation and preparation for a thermal nuclear war. Lets reset the clock on this session though before the new north korean threat surfaced in the morning we awe something not all that common in this market. A rally in the chiefer stocks like General Motors and for
The dow fell. S p fell. Nasdaq climbed 8. 42 . Why bother . Who needs it . I believe it is okay oto buy into a market thats risen a great deal already before running into this nasty selloff at a time when there is so much bad happening in the world . You know what . I think these are perfectly logical questions right now. And they have to be answered since the action is obviously not as good as it was once. And we are up so much that i cant blame a sole for wanting to take something off the table. First lets explain whats happening. My old hedge fund, say we were up more than the s p 500 at this point in the year. As about only 20 of the funds are right now. Do you know what we do . We feel like idiots giving back these gains, right . I mean thats horrendous. So it would be natural for us to blow out of everything. Everything. Think about it. What is the point of giving back the year . I remember whole periods, months, where i would go to the movies or at least go to block buster video
Bookstore, to cspan, to my publisher, Simon Schuster and to all of you for joining me this evening. I am only going to speak for about 20 minutes and i am going to jump right in. I found this book in the middle of the atlantic ocean. Six years ago in st. Georges bermuda, i embarked on a 140foot sailing ship the education associations as sz i would be at sea for three weeks away from telephone internet and physical libraries yet i was in the middle of the Research Project on Benjamin Franklin the required me to read material and friend so i decided to use my time at sea to read a novel in that language. The book i chose is a small paperback edition of jules byrnes of around the world in 80 days First Published in the newspaper serial in 1872. When i wasnt on watch or otherwise busy on on the ship i slowly made my way to the book. By french was good enough to my surprise but i actually enjoyed the story and as a historian i appreciated its period details especially the nature of the prot
This was a true labor of love. I researched my topic for three years and spent a yearplus writing it. It is hummabling and gratifying to see it so well received, and to be following walter isakson, robert caro, and tony. [applause] i came to develop a strong interest in Paul Jennings when i was director of education at James Madisons month peelier in virginia. I was familiar with jennings memoir considered by the White House Historical association to be the first memoir of life in the white house. It was titled a colored mans rem innocences of James Madison, and as the title implies, its really more about the socalled great man than it was about the author himself. My interest was in Paul Jennings. I set out to discover elements of his own biography to uncover the circumstances behind the original publication of the memoir in 1865 and to find an interview living direct descendents. A slave in the white house, Paul Jennings and the madisons is the story of Paul Jennings unique journey f