The 135th Preakness Stakes: Yes, I Know Who Calvin Borel Is

Calvin thanks the dude who sidelined the favorite, gave him an inside post, made it rain like crazy, and had Ice Box and Lucky run the gauntlet.  And fine, it was another fabulous ride for Rail Man!

When people find out that I am not betting on Super Saver to the win the Preakness, I fully expect to get a torrent of emails and maybe some phone calls desperately trying to wake me up to the facts.  “Brim, don’t you know who Calvin Borel is?  He’s the best jockey in the world.  You have to bet on the horse he’s riding.  Didn’t you know he’s won the Kentucky Derby three out of the last four years now?   That guy always wins!”  Read the rest of this entry »

Presented Without Comment

so it goes

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The 135th Kentucky Derby: The Populist Choice

URGENT UPDATE:

I seem to have done it again.  I Want Revenge has been scratched due to an ankle injury.  Anybody want a piece of my karma, give me an email address….

I’m going with Dunkirk (15), Papa Clem (7), and General Quarters (12) on top now.  I expect Friesan Fire (6) and Pioneerofthenile (16) to get cooked out front.

Let’s adjust to:

$7 exacta box 7,12,15 ($42)

$1 trifecta 12,15/6,7,12,15/1,2,5,6,7,12,15,17 ($36)

$1 super 15/6,7,12/6,7,12/1,2,5,6,7,12  ($24)

Borrow an extra $2 from your HELOC. 

 

bb

Big Brown surges past Eight Belles in the 2008 Kentucky Derby; the filly did not survive the finish

What a year it has been since we last shared a quality equine moment.  Since the first Saturday in May of 2008, I lost my job, joined a fascinating startup, watched my 401(k) disintegrate, halved my commute, and met 1000 new people wondering what I wanted and when I’d stop talking.

No one will ever forget the Recession of 2008-9, as it changed an election, wiped out Wall Street, and brought Luddites back into the mainstream.  So what better choice could there be for the 2009 Kentucky Derby than a horse who got his start in the People’s Republic of California and goes by the moniker I Want Revenge (13).

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What’s Wrong with This Picture?

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Re-evaluating Your Own Private Idaho

Is there no end to this chicanery?  Is there some fairly prominent recessive gene that just needs the right lighting, the right Pinot Noir, and the right blatantly faux promises of undying fidelity to surface in some inbred blueblood?

http://hosted.ap.org/dynamic/stories/I/IDAHO_INVESTMENT_FRAUD?SITE=MATAU&SECTION=HOME&TEMPLATE=DEFAULT

The footprint of these schemes is growing so wide that I think just about everyone knows at least one person directly affected by Ponzi schemes.  I have a good friend who lost a six-figure chunk of his savings to one of these charlatans.  (I feel like a victim myself, but it’s a bigger challenge to litigate when your grifter was a publicly-traded, federally-regulated financial services company.)

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SUPER BAAADDDD, by Bill Bonner

I don’t usually do posts that just say, “Hey, read this.”  But hey, read this.  It’s by Bill Bonner, who sells many of his insights but offers the ones below free on his Daily Reckoning site.  Finally, a proposal for helping clear the glut of bad novels.

SUPER BAAADDDD
by Bill Bonner

Bankers are idiots, sometimes Read the rest of this entry »

The Real and the Sacred in Economics

Before Thanksgiving, my friend Tim Peach set forth a heavily ironic statement of what he apparently takes to be the free-market ideology that informs the anti-bailout view.  At first, I hesitated to respond for a variety of reasons, not least my reluctance to admit any resemblance between my own conception of free-market economics and the one Tim attributes to Ayn Rand.  But then Tim called me out by name on the point.  And besides, he is not the first of my Catholic friends to invoke religion in support of pro-bailout, interventionist economics.  These friends have either argued or implied that free-market capitalism is in some way inconsistent with God’s idea of human flourishing.  That is well worth discussing, and Tim’s comment presents a perfect opportunity because of its considerable rhetorical force.  So although I am no expert, I will hazard a conception of economics that I believe acknowledges its limits and distinguishes it from anything that could be considered religious or even moral.

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