All posts by Nathan Ruffing

Expert Downhill Skiing in 5 Days

Rule #1: maximize time on skis, so get in shape. Every time down the hill you learn something!

Monday

  • Watch a skiing YouTube video.
  • Go down the hill without hurting yourself.

Tuesday

  • Keep skis together (easier said than done) and put weight on the downhill / outside ski.
  • Should be able to lift inside ski off the snow. Rotate hips, tighten core.

Wednesday

  • Rotate around the inside pole, not the outside! Use it to lift weight and shift.
  • Mogul drills: point out each mogul with pole and negotiate them half-speed.

Thursday

  • Don’t land on top of moguls to control speed. Moguls are a horizontal obstacle. Center of gravity goes over mogul, skis go around.
  • Weight transfer up and down to shift skis side to side. Center of gravity travels in a straight line.

Friday

  • Get off your heels. Press toes of foot on the outside ski. Ski on the ball of outside foot.
  • Inside ski with no weight goes forward of outside ski. Do this by pushing inside knee forward with hip flexor.

Week 2

  • “Walk” down the hill with poles. Keep “3 points of contact.”

Expert Source:

We took a family ski vacation to Stowe, Vermont last week. Stowe was awesome and the vacation was perfect. The snow came just in time.

I hadn’t skied since 1995, so I started from scratch and took notes. It was a blast and I’m hooked. Next time I go I want to pick up where I left off, so here is what I learned:

Close Race on the Home Stretch

I drove 157 miles this past week on many trips to Lowe’s and one trip to Delaware. I rode 0 miles. The bike is now in the lead by 1 mile, 1626 – 1625.

Answer to last week’s quiz question: I don’t know what kind of bird that is.

This week’s quiz question: What actors play the parts of Princess Leia and Luke Skywalker in the newest Star Wars, The Force Awakens?

The Tiananmen Square

Bike leads truck by 158 miles, 1626 – 1468. I’m hanging on to that lead.

I was trying to catch a bus on High Street on Friday from behind. Sometimes you can catch them if they are in traffic or while they stop, but generally they go faster than a bike. I have pedaled myself to exhaustion before only to see the bus continuously pull away and stop just ahead of me like a carrot on a stick. This time, however, I was more bold. I call this move the “Tiananmen Square.” The bus stopped long enough for me to catch up, but was closing its doors as I overtook it. Rather than hope the driver would see me pull up to the stop and be nice, I passed the bus on the left and stopped in front so the driver couldn’t ignore me. He stopped. I loaded my bike quickly and had my fare ready to go. Total delay for the bus, 30 seconds. Saved me a lot of work!

I am renovating the steps at our apartments. This bird was hiding from the wind and let me get really close. I don’t think he was OK.

This week’s quiz question: what kind of bird is that?

To Blog or Not to Blog?

That is the question.

In this my third year of “blogging,” I have decided that it’s time to discuss “blogging” itself. I have had a website since summer 2013 when my friend Biff showed me how easy it is to do. Most of you have probably not ever blogged and view bloggers as self-absorbed blabber-mouths with an inflated sense of their own importance. Well, actually, maybe you don’t–but that’s how I felt, and so I assumed others felt that way, and that is where I started two and a half years ago…

When I wrote my first post, I can remember clicking the little “Publish” button and waiting for this imaginary something to happen because I had simultaneously spoken to the entire world all at once. I felt like the collective criticism of the world was going to descend upon me and laugh me off the face of the earth. I called my brother and some friends to look at my post just to get some feedback because the anticipation was killing me. Instead of something cataclysmic, nothing happened. I found not only had I not spoken to the entire world all at once, but hardly anyone noticed. This is bad for someone trying to get hits on his website, but for me, I was relieved, and as time went by, I found that I felt more and more free to write what I want and click that “Publish” button. I have come to the point where I enjoy having my website and it has proven very useful. To take it one step further, I will go so far as to say that if you use the internet, you too should blog!–or at least dabble in blogging, or at least have a simple site. The following is why.

  1. A website gives you elbow room on the internet. Let’s face it, these days we all spend some time on the internet. Even those stubborn technophobic Facebook hold-outs who just got a smart phone use the internet. So wouldn’t it be nice to have some of your own space here? “It’s just virtual space!” you say. Yes. Correct. It’s just a virtual internet too, but you’re on it. It must have some value. Own, don’t be a lifetime renter. Having your own personal space, that elbow room, allows you to direct your information seeking efforts so you don’t get lost in the black hole that leads to the end of the internets. If nothing else, you can set up a page with a list of your favorite links as a starting point when getting your news from the internet. Click the link. I do just that with my website.
  2. Having a website gives you a behind-the-scenes perspective on the internet. Ever watch the “behind-the-scenes” of the making of a movie? Seeing it changes how you perceive the movie and you understand it better. Producing video gives you some perspective on what is possible in movies and video production. The same applies to internet information. Once you produce information on the internet you realize how easy it is and impresses upon you the importance of screening the information. Anybody can do it! There is a whole bunch of junk information out there – especially on the internet – and you are much better equipped at recognizing it if you supply some of the junk yourself! I do. Click the link and buy something, dang it!
  3. Blogging gives you a voice. Have you ever played a game where you aren’t allowed to speak for an extended period of time? It’s frustrating, right? Have you ever been frustrated by the stupid things people say in public forums? “I heard so-and-so said such-and-such on Twitter. What an idiot!” Twitter user or not, you’ve seen tweets. You can’t stop them. Twitter is free. You can’t escape them. Tweets are part of the news these days. Don’t fall into the trap of helpless frustration! Believe me, no matter how many followers one has, they are frustrated too. Dear Twitter Idiot, a million people may have read your tweet, but it still only took those million people 10 seconds to read your 140 characters, and they moved on to the next tweet with little more than a nagging feeling of neglect that you didn’t even bother to use punctuation when speaking to millions of people. Dear Frustrated Mute Listener, find your voice! Blabber on! Look no further for an example. This is me blabbering right here! Look! An excessive exclamation point! Where? Right there! You can too. If you are my friend, I will even go out of my way to read and promote your unlimited characters, but you have to take that first step.
  4. You can use your blog to discuss with your friends more efficiently. Whenever I research a subject, I write my conclusion in a post instead of just an e-mail. That way when the subject comes up again, I send the link to my conclusion! You systemize your discussions! Yes, I really do this and it is fun.
  5. A website is an efficient way to communicate and organize. I used my site for an event over Thanksgiving, and it worked great. Facebook works too, and so does group e-mail, but a website has an advantage over each. With a site, you can adjust it after sending the link, which you can’t do with a group e-mail. Some people do not have Facebook, and you can reach those people as well. You definitely want to be able to reach the Facebook hold-outs, they are the coolest people out there. Just ask them!
  6. Those from the pre-internet days will say we don’t know anything, we just know how to search fast. People say we have off-loaded our brains to the internet. We have transferred memory itself to computers. I agree. It is truly amazing how much information one can take in. Even more amazing, with a blog, you can hyper-organize the information. With the internet, our brains can become an index of searches. With a blog, you don’t even need to do that. You can become an index to the table of contents of your own cross reference to all information known to man – the internet. Most importantly, with a blog you can quickly reference only the specific information you have deemed quality.
  7. The internet can be compared to real estate. Many people will say that blogs are out of date and you will not get any traffic. You should use established places like LinkedIn, Facebook, YouTube, et cetera. It is true that you will get more traffic in these established places. They are like a store front in a mall. There is naturally traffic passing by. With a blog you must generate your own traffic organically. However! Space on the internet is like real estate. With a blog you own the space and you own the traffic. You control how your content is displayed and in the event that you do generate traffic, you own the advertising rights. If you are already producing content in any other place you should blog it first then copy paste it to the other established formats. Own your content!
  8. Last and certainly not least, blogging is a journal. Maybe you want to sit down for a few minutes each day / week / month and reflect. Journaling is a timeless activity. I argue that blogging is an improvement on journaling. Journaling is for hermits. In a journal, you may write some of your deepest secrets feeling the security that nobody will ever read it. How do we know that people write secrets in their journal? Because they wrote them down and somebody found their journal and read them, duh! With blogging, hopefully you’re smart enough not to publish your deepest secrets (I don’t recommend drinking and blogging, bad idea). Blogging is journaling with 3.26 billion of your closest friends keeping you honest. There is an imaginary force of motivation knowing that someone might be reading that keeps you to your routine of a few minutes of writing. So thanks for keeping me honest. The best is when somebody in real life tells you he has read your blog and makes some comment on it. It’s kind of a rush. It’s like a tiny piece of that tidal wave of criticism that you felt on day one–but not criticism at all–and you become a little less self-conscious, and a little more bold each time.

To blog! That is the answer.

Exactly…

…83,000 miles on my truck,

…2,700 total miles on Strava,

…and 200 total rides on Strava.

That puts biking holding steady to 159 mile lead over the truck, 1,593 miles – 1,434 miles. The weather has been unseasonably warm, I have only gotten a little wet riding my bike, and biking isn’t that cold anyway.

The other factor in keeping my driving miles down has been completely nerding out on the internet for days on end systemizing where I get my news and market indicators. See the result here.

Answer to last week’s quiz question: the Scioto River empties into the Ohio River near Portsmouth, Ohio.

This week’s quiz question: to blog or not to blog? Answer here.

Thanks, but No Thanks

Dear Federal Government,

This just doesn’t feel right. I am not disabled.

Then why did I submit a claim? I submitted a claim because it is the only way to not be forced to pay for medical coverage that is falsely expensive because of your involvement.

For the record, I did not lie on my claim. I listed all my aches and pains–which thankfully are minor–and let the system decide. I got 10%. I really don’t know all the politics behind this issue, and I’m not a health care professional, but there is no way that I should be receiving free money.

I will be at my first annual check-up at the VA medical center, where the nurses and doctors have been very accommodating and professional, on the 16th because that is what I need, annual check-ups. I will continue to live a healthy lifestyle for myself, and to fulfill my responsibility to not drain the system.

I will continue to save my money when I can. I hope you can do the same. You can start with my two hundred some dollars a month. It would be nice to cash the check and throw it on the big pile that I’ve saved by not buying into the American consumer society that you’ve promoted, but I really don’t need it.

Thanks, but no thanks.

Nate’s Numbers Hub December 2015

Markets

$2,091 = S&P 500 close 4 Dec 2015 (Yahoo Finance)

26.09 = S&P 500 P/E Ratio on 7 Dec 2015 based on previous 10 years of earnings, AKA “Shiller Ratio,” “CAPE Ratio,” or “PE 10.” (www.multpl.com)

$26.1 trillion = total US market capitalization = $18.7 trillion NYSE + $7.4 trillion NASDAQ

$18.3 trillion = annual US GNP estimate (www.BEA.gov, GDP and the National Income and Product Account (NIPA) Historical Tables, Table 1.7.5)

121.5% = “Buffett Indicator” current as of 7 December 2015. This number is a variation* on [Total Market Capitalization] / GNP**.

(The calculation is explained here. Numerator obtained from Federal Reserve Bank of St. Louis, current value obtained by extrapolating with the Wilshire 5000 Index. The denominator is obtained from the BEA’s GNP from above. Calculations and chart in this Excel spreadsheet).

*Instead of using actual market cap value, I used “Nonfinancial corporate business; corporate equities; liability, Level” from the Federal Reserve Bank of St. Louis because the data is available since 1945. That number is only reported quarterly, so the Wilshire 5000 index is used to extrapolate to find the current value.

**The GDP is used by some reports instead of GNP, but Buffett uses the GNP. GDP and GNP are very similar, within about 1% of each other, and don’t fluctuate like total market cap does.

Buffett Indicator chart with various standard deviation lines based only on past data.
Buffett Indicator chart with various standard deviation lines based only on past data.

I have to pick an economist. My pick is John P. Hussman. He posts straightforward charts showing strong correlation between current indicators and future results. He uses the S&P 500 to measure performance and he has consistently posted weekly since 2003. All of his posts are available for quick reference: Hussman Funds Weekly Market Comment.

236 = current Consumer Price Index. This number is adjusted so that it averages 100 from 1982-1984. For the first year this number was calculated, 1913, the value was 9.9 (BLS)

0-1/4 = target range for the federal funds rate. (www.federalreserve.gov, 28 Oct 2015 FOMC Statement, and bankrate.com)

“Yield Curve” at stockcharts.com

6.42 = Chinese Yuan Renminbi for 1 US dollar (x-rates.com)

My Market Tools, Long-Term to Specific

  1. Buffett Indicator from above
  2. My economist pick: John P. Hussman, referenced above.
  3. Investor’s Business Daily Big Picture
  4. CANSLIM checklist for picking individual stocks

Energy

All energy data here is in petajoules = 1 quadrillion joules = “1-with-fifteen-zeros” joules, which can quickly be converted to other units of energy for comparison:

1 petajoule =

  • 163,456 barrels of oil, energy from (BOE)
  • 277.8 gigawatt-hours = 277,800,000 kilowatt-hours
  • 0.02388 million tonnes of oil equivalents (MTOE)
  • 0.0009478 quadrillion British Thermal Units (BTU)
  • 0.0009202 trillion cubic feet of natural gas, energy from (based on 1,030 BTU / cubic foot, IEA website)

389,000 petajoules = 2013 global energy consumption estimate (International Energy Agency, Key World Statistics 2015)

103,000 petajoules = 2013 US energy consumption estimate, 26.5% of global total (US Energy Information Administration Annual Energy Review, Table 1.1)

See also the US energy flow graph, Section 1.0, for a visualization of energy use.

10,100,000 petajoules = energy contained in the 1,656 billion barrels of proved world petroleum reserves (US Energy Information Administration), using the above conversion as an estimate of the energy equivalent.

7,578,000 petajoules = energy contained in the 6,973 trillion cubic feet of proved world natural gas reserves (US Energy Information Administration). This is probably a very rough estimate because of variance in the energy contained in different natural gas.

$39.93 / barrel = current price of WTI crude oil (US EIA) = $6,527,000 / petajoule of energy

$2.11 / million BTU = Henry Hub spot price of energy from natural gas (US EIA) = $1,942,000 / petajoule from natural gas

6.527 / 1.942 = 3.4: oil energy currently costs 3.4 times as much as natural gas energy.

Commodities

$1,086 = price of one ounce of gold (goldprice.org)

$14.54 = price of one ounce of silver (goldprice.org)

1,086 / 14.54 = 75, current gold-silver ratio, historical range of 14 – 100 since 1975 (goldprice.org charts)

Jobs

322 million = total US population (US Census Bureau Population Clock)

252 million = US civilian noninstitutional population

59.3% = employment-population ratio, which is the percentage of civilian noninstitutional population who are employed. Total employed is 149 million people. This is 46.2% of the total population.

5.0% = “unemployment rate” the most-often-reported percentage that does not include people who are not seeking employment, whether receiving unemployment benefits, welfare, or otherwise.

Click here for historical employment numbers. For more detail in easy-to-read charts, see “Charting the Labor Market.” The data is also broken down regionally and by state.

(US Department of Labor, Bureau of Labor Statistics Current Population Survey, November 2015)

The Weeks are Numbered

Going into the last full month here in Ohio, biking has a commanding 170 mile lead over driving. December is pretty much going to be a victory lap!

Thanksgiving was awesome. I brought the keyboard and gave some lessons to my cousin-in-law. We both know enough to make some pop-music noise now.

Of note also, I finally got the call from a local basketball team so I’m briefly coming out of retirement tonight for two 20 minute running-clock halves.

Answer to last week’s question: the Olentangy River was supposed to be named the Whetstone River because its Delaware Native American name meant “stone for your knife stream,” based on the shale found along its shores. Olentangy means “river of the red face paint,” and was the name that was supposed to go to what is now Big Darby Creek.

This week’s quiz question: near what Ohio city does the Scioto River empty into the Ohio River?

Nate’s Favorite Things 2015

Oprah has 87 favorite things this year. For her favorite things, click her picture.

Oprah Christmas
Click the picture for Oprah’s favorite things.

Notice she has teamed up with Amazon this year! She must have stolen that idea from me, since I have been doing that right here on my website since March 2014. Oprah is rich and trendy. Her favorite things are expensive and trendy. My favorite things are just awesome. See below.

1. GE LED Light Bulbs

Technology has finally produced a bulb to truly replace the incandescent light bulb. These have all of the advantages of the incandescent bulb with none of the drawbacks of compact fluorescent bulbs (CFLs), and use less energy than CFLs. They even look just like regular light bulbs. Perfect for that guy on your list who just wants cash. One 60W equivalent that costs less than $6 saves more than $100 in electricity over the 22 year life of the bulb!

40 Watt Equivalent

60 Watt Equivalent

I have not bought anything more than a 60 watt. Maybe next year.

2. Simple Kneads Gluten-free Bread

Brand new product available to order only since last week! The best gluten-free bread available. Get it while it’s hot! My favorite is the sourdough.

3. The Best Phone Charger You Can Buy

Ever notice that some chargers charge your phone fast and some take a long time? That is because of the current rating of the charger. This thing puts out enough power to light that 40 watt (equivalent) bulb above! It also has a long cable with a little light on the end and a USB port so you can remove the cable.

4. The Best Car Charger You Can Buy

Same as above, but for your car.

5. Supplemental Battery

This will run any phone (even smart phones) for several days on a charge. I used it while traveling on my bike for days at a time.

6. Trailer Hitch Bike Rack

While not as beefy or secure as its name-brand $450 counterparts, it gets the job done for 130 bucks. It is certainly heavy-duty enough that the bikes will not come off on the highway. You can get it stolen twice and still spend the same as for the name-brand!

7. Go Buckeyes!

8. At a Glance Phrasebooks by Barron’s

For whatever language, At a Glance phrasebooks are the best you can buy. They have the usual phrases, as well as pronunciation, and a handy dictionary in the back. I have personally used the Japanese, Korean, and Portuguese. Good pocket size and sturdy cover. Only one fits in your pocket. This is the best one.

9. The Best Pens

How many different types of pens are out there? Way more than there should be. This should be the only type. They are the best.

10. Kindle Paperwhite and Carrying Case

The Kindle Paperwhite is the best e-reader out there. I haven’t used the other e-readers, so how do I know? Because you can’t improve on perfect. The screen looks like paper, the pages flip fast, and it has a built-in back light for reading at night. You’ll want to be able to carry it without scratching the screen and this case is just that. Nothing fancy, just a well-fitting cover.

11. Jump Rope

A great product for a great exercise. It has ball bearings, adjustable length, and what else do you need in a rope?

 

Big Money 2

I wrote a post called Big Money almost 2 years ago in January 2014. This is a follow-up to that post to update the numbers.

$18.1 trillion = annual US gross domestic product estimate (www.BEA.gov)

$3.2 trillion = US government tax revenue, fiscal year 2015 estimated (http://www.gpo.gov, Fiscal Year 2016, Historical Tables, Table 2.1)

$18.7 trillion = US government national debt as of today (www.treasurydirect.gov)

$0.40 trillion = interest expense on US government outstanding debt, fiscal year 2015 (www.treasurydirect.gov)

0.40 / 18.7 = 2.1% average annual interest rate on the national debt

0.40 / 3.2 = 12%, interest expense as a percentage of tax revenue

$3.53 trillion = currency exchange reserves held by the Chinese government as of Oct 2015 (www.tradingeconomics.com) This has been steadily decreasing since it peaked at $3.99 trillion in mid-2014.

$4.25 trillion = money supply inflation as of Nov 2015 by the practice of quantitative easing (www.federalreserve.gov with data interpretation help by Wikipedia) This amount has been relatively steady since Oct 2014.

All of the US government numbers come directly from balance sheets available on .gov sites. It was calming to find the numbers I’ve heard about in the news on a regular old balance sheet. I don’t think I will rush to cash in my savings bond.