Ah, Kiawah. I'm back on the beach for a week, here celebrating Alana's 16th birthday and to watch her defend her No. #1 seed position on her high school tennis team against two formidible South Carolina Independent School Association Class AA opponents.
The flight Saturday was uneventful. I bought a copy of The New Yorker in the Spokane airport and read it cover to cover during the two legs of the flight to Charleston. The first leg was consumed by a three-hour read on Bill Clinton, a very long article written by David Remnick who followed Clinton from the World Cup final game to a tour of Africa meeting with heads of state in an attempt to do something about one out of four African's having contracted exposure to the AIDS virus. Well written and fascinating, whatever you think of Clinton.
On the second leg, from Chicago to Charleston, I read the rest of the magazine, including an article on the neurological goings on when we are faced with risk:reward decision making as it relates to buying and selling of stocks. It ends up that we are neurologically programmed to be chicken-shits when it comes to economic risks. We make the wrong decisions by giving much more credence to risk then the risk:reward parameters suggest. And that most successful gamblers, traders and investors are able to intellectually overcome this general population's tendency to avoid risk and to view any economic choice for what it is, an issue of probabilities.
At 5:00pm ET I landed in Charleston, picked up my Hertz rental and was off to Kiwawh. I stopped first to pick up Alana who will be staying with me the week, but she insisted on driving her car over to the villa, the BMW X-3 that I shipped to her last month. The Villa is overlooking the beach and has secure wireless high-speed internet, which should help me make the cost of this trip back in trading next week.
Soon Sarah, my 18-year-old joined us and the three of us went to the local grocery store for supplies for the upcoming week. Ilene would be proud. I checked all ingredients for partially hygrogenated gunk...before buying it.
A couple of observations about being back in the southeast. First, instead of a heavy dose of Pac-10 football everywhere on TV, there are ACC and SEC games. Secondly, whereas Washington state is barely aware of tropical storms in the Atlantic, local news here is obsessed with these storms. On the other hand, it's still summer here.
So today will be a combination of beach and birthday activities, with just enough time to write a new blog before Alana wakes up and I become a dad again.