▶ Keiser Report: Art Market Melt-Up – Guest, Jim Ricards

Published on Nov 19, 2013

 

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the melt up in the art market as the very wealth scramble for safe havens from the taxpayers angry at the billions in free money they’ve been given. They also discuss financial irrigation, amputated gold and a special mince meat pie and Jamie stew for Christmas. In the second half, Max interviews Jim Rickards, author of Currency Wars, about central bank vaporware, straws in the dollar wind and about how Janet Yellen is to Ben Bernanke as Miley Cyrus is to Lady Gaga – trashier than the original.

How To Be A Jedi Knight by James Altucher

In 2005 I was going to go out of business (again). My biggest investor had lost all his money. He had a nervous twitch and whenever I ran into him he was constantly twitching, “I need my money back,” he told me.

But I didn’t have it. I had invested it. It would be a year before I could legally give it to him. So I didn’t know what to do. He once threw a chair at me he was so angry.

So I did what any normal 37 year old man in the fund of hedge funds business would do.

I bought the book, “The Tao of Star Wars”. Because I knew deep down if I just surrendered to The Force then my business would be ok.

I read the book every night before I went to sleep. I had confidence that it would save my business.

And it did. Or I did. Or something did. My business didn’t go under. That wouldn’t happen for another year or so.

A few weeks ago Cheryl Richardson, author of the book, “The Art of Extreme Self-Care” asked me and a bunch of people what movies impacted us the most. I jumped right out there, “Star Wars”! because I believe in The Force. I think someone else said “Schindler’s List”.

I saw Star Wars when I was seven years old and it changed my life. I’ve seen it over 40 times since then. Claudia and my kids refuse to see it. Damn them!

I tried to explain the story to my dad and he gave me wise advice, “I can never follow when someone tries to tell me a story”. I now repeat that sentence almost every day to people who try to tell me boring stories.

Nobody knows what’s true and what’s fake. We all have faith in something: usually a mixture of some personal beliefs with modern science. I am not like that. Mostly I just believe in what personally has worked for me.

The Force works for me. I admit it.

Here’s how to be a Jedi Knight:

A) Rest when you have nothing to do.

When Qui-Gon is fighting Darth Maul in The Phantom Menace a transparent door closes, dividing them. Darth Maul paces back and forth and Qui-Gon simply sits and rests and seems to be doing nothing.

It doesn’t matter to me that Darth Maul kills Qui-Gon at the end of that fight. Qui-Gon comes back later. Whatever.

In modern society we all feel like we have to be like Darth Maul. Pacing, finding a “purpose”, being anxious, stressed, waiting for doors to open. This is the dark side of the force.

How great is it to just rest and be happy and not move when you don’t have to.

I will tell you: it’s great.

That doesn’t mean: avoid mastery. It simply means: rest when you have nothing to do.

B ) Less.

Get rid of everything you don’t need. Obi-Wan lives in a cave or a hut for 40 years when he’s on Tatooine.

Yoda, who was ruler of the Universe, lives in a swamp after he loses his battle with the Emperor.

They were still capable of laughing, of living, of staying healthy, of being able to train the next generation. They didn’t need anything to keep them entertained.

Of course, I have to keep repeating, it’s a story. But this is the way I would like to live.

C) Practice being “good”.

Being a good, compassionate person is not something like “having two arms” or “being able to see”. It’s a quality we develop over years and thousands of hours of practice.

Most people are not good people. In business, in art, in almost every “world” I’ve been in, most people I’ve meet are pretty gray to black. It takes practice to be the person who is a source of compassion and honesty.

Supposedly it takes 10,000 hours to master something. Unfortunately, most people spend 10,000 hours trying to be a jerk to others. If all you do is put in your 10,000 with small kindnesses, then the universe will return that many times over.

D) Read.

Clearly George Lucas read many spiritual texts before he wrote even the first Star Wars or conceived of the whole saga.

I’d start with the Tao Te Ching and then various interpretations of it. Then I’d go with any stories of Chuang Tzu, Buddha, Thich Naht Hanh, the Bible, and I’d read “The Art of Happiness” by the Dalai Lama.

I don’t think one should be a “Taoist” or a “Buddhist”. I doubt that Buddha was a “Buddhist”, which is just a label. Nor should one be a “Jedi-ist”. There’s no reason to separate yourself from others.

Just read texts that are inspiring.

E) Think About What You Read.

If you read one page of the Tao Te Ching there’s enough in there to think about for a year.

There’s a saying, “reading spiritual texts is good, thinking about them is 100 times better, practicing what you read is 100,000 times better.” So think and practice.

F) Health.

In all of the movies I never saw an out of shape Jedi. Although there seems to be a deep spiritual component to being a Jedi, clearly there is a physical health component as well.

They are jumping out of spaceships, fighting with light sabers, and they can probably run a four minute mile. Heck, even Yoda at the age of 800 is jumping all over the place.

Why is health important? Buddha doesn’t talk about health. Jesus doesn’t mention health.

Health is not important. But sickness is. If you are sick, then your thoughts will be stapled to that sickness.

You’re in pain and pain takes up the mind. This is why “The Yoga Sutras” is not about looking good in a yoga studio and picking up girls (although that is a good use of it). It’s about staying physically and emotionally healthy so you can focus on your spiritual life.

G) Be around other Jedis.

Once Anakin starts hanging out with Darth Sidious he becomes a bad guy.

Here are some things that are hard in life: being honest, being kind, trying to add value to others. These things take time and energy. When you are around people who steal your energy then those things become even harder.

H) Be open-minded.

The difference between Luke and Han in the original Star Wars. Luke is willing to believe. There’s a lot of issues people get “stapled to” almost as if they were sicknesses.

Some core issues: pro-choice vs pro-life. war vs anti-war. college vs no-college, global warming, etc. I’m not saying one side is right and one side is wrong. When you find yourself thinking, “This side is DEFINITELY right” be willing to open your mind and look at why the other side thinks the way they do.

It’s never for the stupid reasons you think it is. Issues are just ways for the mind to practice being open-minded. Strong opinions are ways for the mind to get stapled to this planet, filled with so many myths and manipulations.

This is good practice for the actual hard decisions you have to make in your life. Else your brain get’s too soft and one-sided.

I) Trust.

Luke has to watch Obi-Wan die. Han has to be captured by bounty hunters. Anakin has to be recruited as a little kid. Qui-Gon has to die. Yoda has to go into exile.

Bad things happen. But if you follow steps A-H, bad things happen in cycles. Good things also. Trusting that the kindness you are putting out there is compounding in a secret bank account for you means waiting for that bank account to deliver it’s returns. It will.

J) Try Not. Do.

As Yoda says to Luke. He’s basically saying, “there’s no future. There’s only now.” He’s not saying, “solve the universe right now”. He saying, “DO” right now. Not just try.

Whatever you do. Whether it’s washing dishes or lifting spaceships out of swamps, do your best at it. Don’t just try to do your best. This is how people know you can be trusted.

K) James is crazy.

Yeah, I am. But I believe it. My business did get saved. Then it went out of business later. Then my next business got bought. Then it went down the drain. Then my marriage disintegrated. Then I went broke (again). Then I got married again to the woman of my dreams. Then I lost all of my writing jobs. Now I write more than ever. Then I lost many friends. Now I have more friends than ever. A million things. I trust good things will happen.

Everyone thought “Old Ben” was crazy. And he probably was. But he didn’t care. He died at the end of that movie. And in a short enough time, so will the rest of us.

comment on Nov. 20, 2013 – How To Be A Jedi Knight

Feel free to email me at: jamesaltucher.mailbox@gmail.com.
You can also read my blog here.

Here are some of my posts:
How to Quit Your Job
How to be Rich
Today I Lost Two Million Dollars

50 Life Hacks to Simplify your World «TwistedSifter

Life hacks are little ways to make our lives easier. These low-budget tips and trick can help you organize and de-clutter space; prolong and preserve your products; or teach you something (e.g., tie a full Windsor) that you simply did not know before.

Most of these came from a great post on tumblr. There is also a great subreddit ‘r/lifehacks‘ with some fantastic tips as well.

via 50 Life Hacks to Simplify your World «TwistedSifter.

IT’S NOT AN ENDURANCE TRIAL – PEMA CHÖDRÖN

THE PEMA CHÖDRÖN FOUNDATION

November 20, 2013

IT’S NOT AN ENDURANCE TRIAL

We might also ask, Given my present situation, how long should I stay with uncomfortable feelings? This is a good question, yet there is no right answer. We simply get accustomed to coming back to the present just as it is for a second, for a minute, for an hour—whatever is currently natural—without its becoming an endurance trial. Just pausing for two to three breaths is a perfect way to stay present. This is a good use of our life. Indeed, it is an excellent, joyful use of our life.

 

EXCERPTED FROM

Taking the Leap: Freeing Ourselves from Old Habits and Fears by Pema Chödrön, page 50

Teachings by Pema Chödrön, from works published by Shambhala Publications. Photo by ©Andrea Roth.

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