Sunday Morning Coffee

In between a lot of fire department business and a cornucopia of sports I found this from Dylan Grice; Investment strategist Dylan Grice found last year that a “low beta” stock portfolio rose nearly sevenfold from the end of 1987 through 2011, while the “high beta” equivalent trailed notably, with much steeper declines. The drops show you that even in the short run, the “risky” stuff is, well, risky.  People who can only focus on the shorter term miss this benefit. People need to have enough money when they need it, they do not need some specific result in the 3rd quarter of some random year from their investment...

Sunday Morning Coffee

In between a lot of fire department business and a cornucopia of sports I found this from Dylan Grice; Investment strategist Dylan Grice found last year that a “low beta” stock portfolio rose nearly sevenfold from the end of 1987 through 2011, while the “high beta” equivalent trailed notably, with much steeper declines. The drops show you that even in the short run, the “risky” stuff is, well, risky.  People who can only focus on the shorter term miss this benefit. People need to have enough money when they need it, they do not need some specific result in the 3rd quarter of some random year from their investment...

Green Gate Fire

The following was sent out to the Walker community about our most recent incident; Shortly after midnight on May 22 Walker Fire was dispatched to a wildfire subsequently named the Green Gate Fire. It was located just off of Big Bug Mesa Rd a little ways past Amulet Mine Rd.The fire was approximately five acres over extremely steep terrain that was heavily forested and had a lot of dead and down inside the fireline.We received help from several Prescott National Forest hot shot crews and Central Yavapai lent us a water tender.We had 14 Walker firefighters on scene who engaged in tasks ranging from line construction, pumping water up to the head of the fire, shuttling water tenders and mopping up. Included in the 14 were four firefighters who drove up from Phoenix in the middle of the night to help. For several of our crew this was a 12-16 hour day of fighting fire.We were also involved with more mop up work on Thursday.  Hopefully the one picture looking up at the truck creates some understanding how how steep this was. The fire was almost five acres but the elevation gain was close to 200 feet (6774 feet up to 6990...

Green Gate Fire

The following was sent out to the Walker community about our most recent incident; Shortly after midnight on May 22 Walker Fire was dispatched to a wildfire subsequently named the Green Gate Fire. It was located just off of Big Bug Mesa Rd a little ways past Amulet Mine Rd.The fire was approximately five acres over extremely steep terrain that was heavily forested and had a lot of dead and down inside the fireline.We received help from several Prescott National Forest hot shot crews and Central Yavapai lent us a water tender.We had 14 Walker firefighters on scene who engaged in tasks ranging from line construction, pumping water up to the head of the fire, shuttling water tenders and mopping up. Included in the 14 were four firefighters who drove up from Phoenix in the middle of the night to help. For several of our crew this was a 12-16 hour day of fighting fire.We were also involved with more mop up work on Thursday.  Hopefully the one picture looking up at the truck creates some understanding how how steep this was. The fire was almost five acres but the elevation gain was close to 200 feet (6774 feet up to 6990...

Marc Faber Quote

Faber: In the 40 years I’ve been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality … Asset markets are in the sky and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up. This is not my attempt to predict any sort of event or time table for an event but I do believe in awareness of the current environment and I think this quote articulates it...