What I'm reading, writing, and thinking about.
This book is another step toward my goal of reading one biography on every US President. It’s highly rated and I see why! Morris does an excellent job bringing out the formative factors that produced the Roosevelt most of us know as the 26th President of the United States of America.
Money is simply a tool with five characteristics: durability, portability, divisibility, acceptability, and scarcity. In post #4, we saw that money has three different functions: store of value, medium of exchange, and unit of account.
I’ve made a rubric to help visualize how various monies compare. This point should be emphasized: all measurements or rankings are relative to other forms of money. There is no objective measure. This ranking is also somewhat subjective, though I trust you will see it is fair.
This book has been wrecking me this week. After a tough conversation with my coach, I started digging in. I’m guilty of excessive busyness, hurrying, and expecting everyone around me to do the same. It produces a toxicity that affects every area of my life. I see that now, and I’m (unhurriedly) working to fix it.
Here are two impactful quotes:
High-quality money rates highly in each of these areas, low-quality money does not. The best money ranks highest across all categories.
Money serves three basic functions:
-Store of value
-Medium of exchange
-Unit of account
How different forms of money rank in each of the five characteristics will determine how well it can carry out these three functions.
I finished this one this week. Road trips are great for making progress on audiobooks.
Hanes has accomplished much in the world of bow-hunting. His achievements are remarkable and he has advanced the sport. His intense training (he regularly runs marathons and ultramarathons) means he outworks most others by a mile. He’s devoted to being the best bow hunter he can be.
As a piece of writing, the book is quite repetitive. I found myself asking, “How many different ways can he say the same thing?” The answer is, surprisingly many! Maybe a series of blog posts would have been adequate to get the message across. But, the book is likely allowing his message to be distributed to a wider audience.