No news for individual investors; but Shakespeare rules!

We can’t believe it. There no news on the economy or stock market worth commenting on today. Haven’t you always wondered what would happen if a network newscaster came on-screen one day and announced, “Nothing important to your life happened today.”

There was an mildly interesting article in the WSJ, whining about “older americans” having more debt that they would like or should have. Many comments indicated that this is non-news. Most “older Americans” have saved for their retirement, paid off their mortgages, put their kids through college and performed all their other duties. But that’s not news, is it?

So, just to keep from disappointing you all on this unbelievably hot Oregon day, we’re going to transcribe an excerpt from Shakespeare’s play, “The Tempest,” to show you that the liberal progressive program isn’t new. It is at least 400 years old. [Probably the Greeks have something like this, too, but I haven’t found any humorous distillations of the l-p philosophy in the ancient Greek world.]

How IFO started to read “The Tempest” is a long story, so we’ll just set the scene: A group of courtiers and a king have washed up on the beach of an island. They stand around insulting each other and exchange witticisms in Act II, Scene 1.

Gonzalo begins to hold forth (modernized by IFO). Notice that he is somewhat redundant, Shakespeare’s way of making fun of the speaker:

In the commonwealth, I would do everything differently; For no kind of trade
Would I allow; no name of judge;
Literature should not be known; riches, poverty,
And use of servants – none; contract, inheritance,
Property lines, land boundaries, agricultural activity, vineyard, none;
No use of metal, corn, or wine, or oil [!!];
No occupation; all men idle, all;
And women too, but innocent and pure;
No sovereignty.

Then follows some sarcastic commentary from the other characters before he continues,

All things in common nature should produce
Without sweat or endeavor. Treason, felony,
Sword, pike, knife, gun, or need of any engine
Would I not have; but nature should bring forth,
Of its own kind, all plentiful supply, all abundance,
To feed my innocent people.
I would with such perfection govern, sir,
To excel the golden age.

Hmmm, nothing new under the sun!

Now, I’m going to try to find a livestream of tonight’s political debate.


About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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