Author: Jamie

  • Blue!

    David Swenson’s asset balancing tips:

    Domestic Equity (30 percent): Refers to stocks in U.S.-based companies listed on U.S. exchanges.
    Emerging Market Equity (5 percent): Refers to stocks from emerging markets around the world, such as Brazil, Russia, India and China.

    Foreign Developed Equity (15 percent): Refers to stocks listed on major foreign markets in developed countries, such as the United Kingdom, Germany, France and Japan.

    Real Estate Investment Trusts (20 percent): Refers to stocks of companies that invest directly in real estate through ownership of property.

    U.S. Treasury Notes and Bonds (15 percent): These are fixed-interest U.S. government debt securities that mature in more than one year. Notes and bonds pay interest semi-annually. The income is only taxed at the federal level.

    U.S. Treasury Inflation-Protection Securities, or TIPS (15 percent): These are special types of Treasury notes that offer protection from inflation, as measured by the Consumer Price Index. They pay interest every six months and the principal when the security matures.

  • Passed my MFA, Squelching Rumors

    My MFA thesis passed! (Most do… but there were tense moments all the same). Also wanted to take this opportunity to address some of the rumors circulating. To be clear: I was *never* a contractor to Gaddafi’s government, nor were any of my associates. Check the roster.

  • Marco Polo in Boulder, Colorado

    Let me begin in the small mountain state of Colorado, in the city of Boulder, a city of some 60,000 souls laying approximately a day’s journey from the great aerodrome of Denver International Airport. Boulder is subject to the President of the United States of America, and its inhabitants worship myriad gods and goddesses, though most accept Jesus Christ as their lord. The city rests at the base of a great cliff, in the foothills the Rocky Mountains, the tallest and most forbidding of mountain ranges in the United States of America, though its highest peaks are dwarfed by the Himalayas.

  • Stage one of the ‘Middle Income Economies Microfund’

    Globe of gold

    INVESTMENT THESIS

    States are beginning to mature from resource- and foreign aid-based economies to ‘middle-income,’ as they transition demand begins to grow in predictable markets such as infrastructure, telecom, automobiles and consumer goods.

    Many “emerging middle income” countries have endured strict state controls over the economy, such as Vietnam, Uganda, India… These sectors often are dominated by one or two companies. Well-managed companies will face little competition, particularly when insulated from foreign competition.

    A “buy-and-hold” strategy will provide insulation from political and economic fluctuations over time and best take advantage of these growing economies.

    Annual growth (after inflation) of these economies approaches and often exceeds 10 percent despite the poor performance of the global economy. Individual sectors have enjoyed much faster growth.

    STAGE ONE: LOGISTICS – finding an online brokerage — one with a modest or non-existant annual fee — with access to emerging markets. The best so far is Scottrade which offers ADPs for Mexico, Philippines, South Africa, Thailand and Brazil. Vietnam offers online trading accounts… Another issue is finding index funds that focus on the sector to give me a little bit of insulation and breadth.

    THOUGHTS? Please weigh in…

  • Listen to The Tramp Steamer in THE DRUM

    “James McGirk’s short story “The Tramp Steamer” presents a side of Richard M. Nixon we’ve never seen before. McGirk imagines the young lawyer and his new bride traveling on a tramp steamer of the United Fruit Company to celebrate their first anniversary. Seasick, angry, jealous, Nixon reveals his inelegance to his wife who yearns for more glamour and glitz. McGirk takes the facts of the Nixons’ actual 1941 trip and spins out an incisive and compelling story of bitterness and dreams.” LINK

  • The Earmen

    A bunny slope version of India was within walking distance from our compound. Each proper Delhi enclave had an Indian antecedent to the American strip-mall lurking along its fringe; the enclaves were roughly circular and the better, quieter properties were clustered around a grassy interior park filled with grass for cricket and shade trees; the marketplace was ugly and crude in comparison, shunned by decent folk and patronized only by domestics or school boys buying liquor from the government package store. A blighted patch barely tolerated as if a horrid thing had been caught in a fence and was kept tame with scraps. I did not bring my gun. All I had was my folding scout knife. Lifting the blade from its hinged cradle distracted me enough to maintain composure.

    I took a service road, or servants’ road, one of the thorn-clogged alleyways that ran behind the row of walled houses and the domestics walk to and from the main-road without spoiling our view. A mottled orange cat, with slim limbs and a bulbous head eyed me as he picked his way between the glinting glass lining the alleyway walls.

    The market appeared to be a group of shabby municipal buildings. A post-office logo hung above an overhang, and I walked in and realized the and realized the institutional tile was only a façade. A crowd milled around a tea vendor; there weren’t so many of them, there was no jostling. The men wore collared white shirts and wool pants. There were no women except for a lone police constable who followed me around discretely. The others eyed me but no one approached. Beyond the teashops were rows of stalls leading down winding narrow roads. Each stall was a three-quarter cube of concrete, its opening facing the street, dim bulbs coiled around its rim, blinking, attached to bits of rebar, the dealers hawking, or crouched over stoves that reeked of kerosene and frying dough. Wares ranged from gleaming bare metal pots and pans, to live chickens clucking in cages. I chose the one that looked the cleanest and the walls closed in. Clothes, rogue television lines, and frayed flags flapped overhead, casting everything into permanent gloom. Even the walls were marred almost black with soot. The sky was very far away and I felt very alone no matter how much I thumbed my blade.

    I became comfortable with the market, and as the days passed I went deeper. In the deepest recesses I found a row of booksellers. Stolen periodicals were the bulk of their trade, other offerings were mostly limited to political tracts, conspiracy, books of bawdy humor, business, self-help manuals and astrology and superstition. Their bind was of a uniformly atrocious quality, the glue contained no gelatin and pages fell out as you read. I bought them by the armload. Hungry to acquire secret knowledge. I planned elaborate seductions using books of body language interpretation, learned how airports function and the way to escape a maze was to always turn right. One day I bought Collier’s Encyclopedia of Omens. A syntax of mind-bending toxin for a sensitive young brain to intake. An index articulating mystical interpretations of any event: how tinnitus signaled news that was either sinister or good, depending on the ear in which it rang; how an odd number of crows was bad, and even number was good. That uncrushed eggshells provoked stormy seas; that spilled salt drained your luck away unless preventative rituals were performed.

    One morning I staked out an open section of the marketplace, clutching a notebook and a pencil, loitering in the dusty concrete plaza noting who entered and left. A useless exercise, certainly, I even I knew it at the time, but I needed a tether to reality – or something like that. I was about to leave when three men arrived, a much different group than the predominantly middle class Indians who had been walking to and from the stalls. They were grubby and obviously close to destitution. Not quite peddlers but tinkers of the lowest sort. They spread out mats and squatted, smoking sharp clove cigarettes. Identical kits lay before them, a single candle lit and burning, a long metal spike, and a photo album filled with postcards from all over the world. WHAT A DIFFERENCE THE EARMEN HAVE MADE. Read one. I HEAR CLEARER THAN I EVER HAVE BEFORE. One man menaced me with a spike. I refused his services, but he kept advancing on me, pleading for me to become his lucky first customer of the day; I stood and left, but lingered on the periphery to watch.

    A customer arrived, an elderly Indian woman in a lime green sari and white stripe braided into her black hair. She strolled across the plaza toward them, stooping to examine each book of cards, querying and commanding, until she finally chose an appropriate ear man. She squatted on the mat. The earman perched behind her holding the spike. He was about to insert when she slapped the spike down and I heard a haughty gust of Hindi. He nodded and plunged the needle into the candle for a few seconds then twisted it in his grimy shirt. There was a metallic flash and he jabbed it in and twisted and twisted, pulling her head into the needle and grinding it in.

    He removed the spike. A gooey black ball hung from the tip, he waggled it in front of his customer who paid and walked away rubbing her ear. He wiped the wax onto his candle. My ears ached in sympathy.

  • The Last MFA Essay I Ever Will Write

    The lowland of online discourse – that virtual Benelux where bloggers, essayists, and opinion writers grope for fragments of attention – has been flooded with essays weighing the worth of writing degrees; particularly the Master of Fine Arts degree. Discussion tends to hit its annual zenith around September as magazines such as Poets & Writers release their annual rankings and thousands of fledgling authors begin preparing applications.