Review – Real Food For Mother And Baby (#fertility, #nutrition, #books, #pregnancy, #review)

[amazon text=Real Food For Mother And Baby&asin=1632864592]

by Nina Planck, published 2009

For me, reading this book simply resulted in confirming a lot of biases I already have regarding ideal nutritional practices. Those confirmed biases could be reduced down to:

  • make most of what you eat yourself
  • when eating animals, use as much of the animal as you can (including bone, skin, organs, etc.)
  • when eating fruits and vegetables, use what is in season when possible
  • focus on organics and other traditionally raised and cultivated foods
  • avoid eating things that were not regularly consumed 100 years ago
  • avoid anything processed, “packaged” sweetened or artificially preserved
  • eat more fat than you’re “supposed to” and don’t get your nutritional advice from headline news or the government

There’s more to it than that, but that’s a good start to revolutionizing the way most moderns/Americans eat in the West.

The book is essentially 200pgs of these broad outlines and a few more specific guidelines, along with basic scientific information on why this is the right way to eat and how various research agrees. The advice is good for women (and men) planning to conceive, women in pregnancy, nursing mothers and babies ready to eat things besides breast milk.

In other words, the “best” diet for fertility, childbirth and infancy, is also the best diet for children and adults in terms of achieving optimum health outcomes and maximizing genetic fitness and expression.

The weakest part of the book is the author’s condoning of various “cheats” and nutritional oversights based on the arbitrary logic of “a little poison now and then won’t kill you”, and it was a let down to learn that after following these nutritional practices she still ended up getting drugged out and giving birth by C-section during her own pregnancy.

Mothers to be will probably find the affirmative tone and validative diction of the book enjoyable. And for some this will be a revelation. For me, I didn’t get a lot new. It did get me to think about how hopeless health (and intelligence?) outcomes must be for generations of people in communities without the knowledge, incentives or resources to eat this way. It also got me thinking about how easy it is to overdo good nutrition, to obsess about it and give it undue consideration. It’s important, yet spending your life on feeding yourself doesn’t leave time for much else which to me is like luxurious primitivism.

3/5

[amazon asin=1632864592&template=iframe image2]

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Notes – The Snowball, By Alice Schroeder: Part V, Chap. 43-52 (#investing, #books, #Buffettology)

The following are reading notes for [amazon text=The Snowball: Warren Buffett and the Business of Life&asin=0553384619], by Alice Schroeder (buy on Amazon.com). This post covers Part V: The King of Wall Street, Chap. 43-52

The modern Buffett

In Part V of the Snowball, we see Buffett’s transformation from the early, cigar butt-picking, Grahamian value-minded Buffett, through the filter of his Fisherite partner, Charlie Munger, into the mega cap conglomerator and franchise-buyer Buffett who is popularly known to investors and the public the world round.

It is in this part that we also see Buffett make one of his biggest missteps, a stumble which almost turns into a fall and which either way appears to shock and humble the maturing Buffett. It is in this era of his investing life that we see Buffett make some of his biggest rationalizations, become entangled in numerous scandals he never would’ve tolerated in his past and dive ever deeper into the world of “elephant bumping” and gross philanthropy, partly under the tutelage of his new best friend and Microsoft-founder, Bill Gates.

The lesson

Buffett made a series of poor investments but ultimately survived them all because of MoS. There will be challenges, struggles, and stress. But after the storm, comes the calm.

The keys to the fortress

From the late seventies until the late nineties, despite numerous economic and financial cycles Buffett’s fortune grew relentlessly under a seemingly unstoppable torrent of new capital:

Much of the money used for Buffett’s late seventies spending spree came from a bonanza of float from insurance and trading stamps

This “float” (negative working capital which was paid to Buffett’s companies in advance of services rendered, which he was able to invest at a profit in the meantime) was market agnostic, meaning that its volume was not much affected by the financial market booming or crashing. For example, if you owe premiums on your homeowner’s insurance, you don’t get to suspend payment on your coverage just because the Dow Jones has sold off or the economy is officially in a recession.

The growth in Buffett’s fortune, the wilting of his family

Between 1978 and the end of 1983, the Buffetts’ net worth had increased by a stunning amount, from $89 million to $680 million

Meanwhile Buffett proves he’s ever the worthless parent:

he handed the kids their Berkshire stock without stressing how important it might be to them someday, explaining compounding, or mentioning that they could borrow against the stock without selling it

Buffett had once written to a friend when his children were toddlers that he wanted to see “what the tree has produced” before deciding what to do about giving them money

(he didn’t actively parent though)

Buffett’s private equity shop

Another tool in Buffett’s investment arsenal was to purchase small private companies with dominant franchises and little need for capital reinvestment whose excess earnings could be siphoned off and used to make other investments in the public financial markets.

Continuing on with his success in acquiring the See’s Candy company, Buffett’s next private equity-style buyout involved the Nebraska Furniture Mart, run by a devoted Russian immigrant named Rose Blumkin and her family. And, much like the department store chain he once bought for a song from an emotionally-motivated seller, Buffett beat out a German group offering Rose Blumkin over $90M for her company, instead settling with Buffett on $55M for 90% of the company, quite a discount for a “fair valuation” of practically an entire business in the private market, especially considering the competing bid.

An audit of the company after purchase showed that the store was worth $85M. According to Rose Blumkin, the store earned $15M a year, meaning Buffett got it for 4x earnings. But Rose had buyers remorse and she eventually opened up a competing shop across the street from the one she had sold, waging war on the NFM until Buffett offered to buy her out for $5M, including the use of her name and her lease.

One secret to Buffett’s success in the private equity field? Personality:

“She really liked and trusted me. She would make up her mind about people and that was that.”

Buffett’s special priveleges

On hiding Rose Blumkin’s financial privacy: Buffet had no worries about getting a waiver from the SEC

Buffett got special dispensation from the SEC to not disclose his trades until the end of the year “to avoid moving markets”

The gorilla escapes its cage

Another theme of Buffett’s investing in the late 1980s and 1990s was his continual role as a “gorilla” investor who could protect potential LBO-targets from hostile takeover bids. The first of these was his $517M investment for 15% of Tom Murphy-controlled Cap Cities/ABC, a media conglomerate. Buffett left the board of the Washington Post to join the board of his latest investment.

Another white knight scenario involved Buffett’s investment in Ohio conglomerate Scott Fetzer, which Berkshire purchased for $410M.

Then Buffett got into Salomon Brothers, a Wall Street arbitrage shop that was being hunted by private equity boss Ron Perelman. Buffett bought $700M of preferred stock w/ a 9% coupon that was convertible into common stock at $38/share, for a total return potential of about 15%. It even came with a put option to return it to Salomon and get his money back.

But Buffett had stepped outside of his circle of competence:

He seemed to understand little of the details of how the business was run, and adjusting to a business that wasn’t literally made of bricks-and-mortar or run like an assembly line was not easy for him… he had made the investment in Salomon purely because of Gutfreund

Buffett’s disgusting ignorance and hypocrisy

Buffett:

I would force you to give back a huge chunk to society, so that hospitals get built and kids get educated too

Buffett decides to sell the assets of Berkshire’s textile mills– on the books for $50M, he gets $163,122 at the auction. He refused to face his workers and then had the gall to say

“The market isn’t perfect. You can’t rely on the market to give every single person a decent living.”

Buffett on John Gutfreund:

an outstanding, honorable man of integrity

Assorted quotes

Peter Kiewit, a wealthy businessman from Omaha, on reputation:

A reputation is like fine china: expensive to acquire, and easily broken… If you’re not sure if something is right or wrong, consider whether you’d want it reported in the morning paper

Buffett on Wall St:

Wall Street is the only place people ride to in a Rolls-Royce to get advice from people who take the subway

[amazon asin=0553384619&template=iframe image2]

One Day Your Children Will Comment On Your Blog (#legacy, #family, #future)

I have a funny thought from time to time that I thought I’d share. I don’t think it’s original, someone else has probably pointed this out before and they’ve probably said it better than I have, but here it is anyway.

I’m not writing this blog just for my pleasure or the pleasure of my readers, but for my children (and grandchildren). In a general sense, the internet is immortal and the words jotted down and thoughts expressed will in most cases remain on the web long after they’ve served their immediate informational purpose and even long after we’re dead and gone.

The work of future biographers and historians will be made infinitely easier by the public record-keeping of their eventual subjects, who have poured out their thoughts, dreams and anxieties for all to see on the web. The retention and archive of years and years of people’s personal electronic communications via e-mail in the cloud will further ease the work of these chroniclers.

But it is our children, for most of us unborn or currently incapable of understanding our written thoughts, who will be offered the strangest privilege by getting to look back on our personal, recorded thoughts. Up until now, most adults have never had to face children who had ready evidence of their past imperfections, mistakes and occasional cluelessness. No adult ever had to have the tables of parenthood turned on them as their children were unable to effectively watch them “grow up.”

The internet has changed many things, many businesses, many social activities. It is hard to imagine most traditional rules and styles of parenting surviving the internet completely unscathed. How will authoritarian, paternalistic, “because I said so!” parenting stand in the face of children who can read their parent’s blogs?

How will the State convince us of its version of historical events when we can all watch them ourselves on YouTube and make up our own mind about what happened and what was the significance of it?

For bloggers in their 40s and 50s, learning about the consequences of children who can read their blogs is probably becoming a weekly occurrence. For bloggers in their 20s and 30s, this experience is likely yet to be had though inevitably it will.

Rather than end my commentary with a warning like, “Be careful, your children will be watching you!”, instead I want to encourage readers to be fully cognizant of the opportunity to communicate with future generations in a powerful, new way. If your mission is to spread knowledge and understanding, smile knowing that what you’re writing and what you’re building will one day be enjoyed by your children, as well.

Be thoughtful, and they’ll be thankful!

A New Kind Of “Fairy Tale”

Moral instruction in the form of short stories, nursery rhymes and “fairy tales” is a common tradition in most cultures. In the West in particular, many children grow up learning stories from Aesop’s Fables or other derived literature such as “The Tortoise & The Hare” or “The Old Woman in the Shoe”. The trouble with these pedagogical traditions is that they often rely upon magical or other irrational characters or premises to tell the story and teach the lesson. That or, even worse, the original moral intent has been lost or confounded in modern retellings and there either is no principle at root or the one evoked has to do with some commie catchall such as “sharing is caring.”

A good friend seeks to rid the world of such childish flim-flam and bestow well-reasoned and entertainingly told moral tales upon our cultural heritage with a new series she is writing. The first of her efforts, The Three Little Pigs: Or, To Survive We Must Plan… and Work, has just been published and as I read several drafts before publication I can say without reservation that she is off to a promising start.

As the author, Roslyn Ross, mentions in the foreword,

This version of the Three Little Pigs is unlike any other–it is clear, rational, and value-oriented. Specifically this version is different in that: -It has death in it. Most other versions of The Three Little Pigs available today shy away from this reality of life, the very value this story was intended to teach: Those who fail to plan for their survival … often don’t survive. It does not serve children to hide reality from them, so this version of the story deals plainly with death.

Yes, the story has anthropomorphic pigs, anthropomorphic pigs who talk in rhyming verse, no less. But this was a creative decision made purposefully by Roslyn because she feared that if she scrapped the animals from the story entirely it’d be TOO unfamiliar to the parents who grew up with such nonsense and thus they might miss her story entirely when searching for this kind of material for her children.

Roslyn also had the story illustrated with her own commissioned artist. The result is a story that is both literally and visually original.

We are big fans of Roslyn Ross’s parenting philosophy at A House Rises, which she has most recently outlined in her first book, the misleadingly titled “A Theory of Objectivist Parenting” and which she continues to develop, explain and exemplify on her personal blog, Raising Children Is An Act of Philosophy. (We hope to either convince her to adopt the WordPress medium for her blogging efforts or convince her to join us in our effort!) We will be posting a summary review of Roslyn’s parenting theory book for those short on time or hesitant to devote an hour to reading the whole book on a mere recommendation.

For now, we’re just excited to see Roslyn’s latest effort come to fruition and we’re looking forward to seeing the other planned installments in the series and eventually incorporating them into the educational curriculum of our own children.