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To Make Money in the Stock Market, Do Nothing

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The stock market fell so sharply at the beginning of the year that it felt at times as if it would never come back.

But it did, in a weekslong rally that lasted through mid-August and would have been more widely celebrated if stocks had not plummeted so badly in the first place.

Now, for the last week or two, the market has been wobbly, with no clear trend in sight.

What should investors do about these head-spinning changes in the market’s direction?

In a word: nothing.

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https://static01.nyt.com/images/2022/08/28/business/26Strategies-illo/26Strategies-illo-superJumbo.jpg?quality=75&auto=webpVidhya Nagarajan

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Click the link below for the article:

https://www.nytimes.com

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Eilean Donan Castle

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Eilean Donan is a small tidal island situated at the confluence of three sea lochs (Loch Duich, Loch Long, and Loch Alsh) in the western Highlands of Scotland, about 1 kilometer (58 mi) from the village of Dornie. It is connected to the mainland by a footbridge that was installed early in the 20th century and is dominated by a picturesque castle that frequently appears in photographs, film, and television. The island’s original castle was built in the thirteenth century; it became a stronghold of the Clan Mackenzie and their allies, the Clan MacRae. However, in response to the Mackenzies’ involvement in the Jacobite rebellions early in the 18th century, government ships destroyed the castle in 1719. The present-day castle is Lieutenant-Colonel John Macrae-Gilstrap’s 20th-century reconstruction of the old castle.

Eilean Donan is part of the Kintail National Scenic Area, one of 40 in Scotland. In 2001, the island had a recorded population of just one person, but there were no “usual residents” at the time of the 2011 census. Eilean Donan, which means simply “island of Donnán”, is named after Donnán of Eigg, a Celtic saint who was martyred in 617. Donnán is said to have established a church on the island, though no trace of this remains.

It is possible that an early Christian monastic cell was founded on the island in the 6th or 7th century, and that it was dedicated to Donnán of Eigg, an Irish saint who was martyred on Eigg in April 617. No remains of any Christian buildings survive, though fragments of vitrified stone (stone that has been subjected to very high temperatures) have been discovered, indicating that there was an Iron Age or early medieval fortification on the island.

In the earlier thirteenth century, during the reign of Alexander II (ruled 1214–1249), a large curtain-wall castle (wall of enceinte) was constructed; it enclosed much of the island. At this time, the area around the island was at the boundary of the Norse-Celtic Lordship of the Isles and the Earldom of Ross: Eilean Donan provided a strong defensive position against Norse expeditions. A founding legend has it that the son of a chief of the Mathesons acquired the power to communicate with birds; as a result of this power, and after many adventures overseas, he gained wealth, power, and the respect of Alexander II, who asked him to build the castle to defend his realm.

At a later date, the island became a stronghold of the Mackenzies of Kintail, originally vassals of William I, Earl of Ross. At this early stage, the castle is said to have been garrisoned by Macraes and Maclennans, both clans that were later closely associated with the Mackenzies Traditional Mackenzie clan histories relate that Earl William sought advantage from the Treaty of Perth of 1266, by which King Magnus VI of Norway ceded the Hebrides to Scotland, and demanded that his kinsman Kenneth Mackenzie return the castle to allow his expansion into the islands. Mackenzie refused, and Earl William led an assault against Eilean Donan that the Mackenzies and their allies repulsed.

The Mackenzie clan histories also claim (with little, if any, supporting contemporary evidence), that Robert the Bruce sheltered at Eilean Donan during the winter of 1306 to 1307; the castle escaped any other involvement in the Wars of Scottish Independence. In 1331 Thomas Randolph, Earl of Moray, sent an officer to Eilean Donan to warn the occupants of his forthcoming visit. In preparation 50 wrongdoers were rounded up and executed, their heads being displayed on the castle walls to Moray’s approval. By the middle of the 14th century, the Mackenzies are said to have been on the losing side in the ongoing feuding with the Earls of Ross. William III, Earl of Ross granted Kintail to Raghnall Mac Ruaidhrí in 1342. With the assistance of Leod Macgilleandrais, the Earl allegedly apprehended Kenneth Mackenzie, 3rd of Kintail, and had him executed in 1346 at Inverness. Through this period Eilean Donan is said to have been held by Duncan Macaulay for the Mackenzies, against the Earl and his allies. Kenneth’s young son Murdo Mackenzie supposedly evaded the Earl’s attempts to eliminate him, and on the return of David II from exile Murdo Mackenzie was allegedly confirmed in the lands of Kintail and Eilean Donan by a charter of 1362 (of which, however, no trace survives to the present day). At some point in the earlier 14th century, it is thought that the Clan Macrae began to settle in Kintail as a body, having migrated from the Beauly Firth, and there gained the trust of the Mackenzie lairds through possible kinship and an advantageous marriage. The Macraes began to act as Mackenzie’s bodyguards, acquiring the soubriquet “Mackenzie’s shirt of mail”. Wikipedia

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An image of Eilean Donan Castle

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Starting an International Business? Consider These 3 Countries

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When you start a business, the first question that comes to mind is probably where you’ll be located. You might have some ideas about your industry or what type of business you want to start. But where should you set up shop if you’re considering expanding across borders and doing international business? Here are three ideal countries for starting a global business based on their ability to accommodate new businesses, lack of stress on the pocketbook, and friendly atmosphere for foreigners who want to start something new.

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Click the link below for the article:

https://www.entrepreneur.com/starting-a-business/the-3-best-countries-to-start-a-business/434773?utm_source=pocket_discover_business

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Get off the hamster wheel! How to quiet quit absolutely everything

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Ilkley Moor Yorkshire

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Ilkley Moor is part of Rombalds Moor, the moorland between Ilkley and Keighley in West Yorkshire, England. The moor, which rises to 402 m (1,319 ft) above sea level, is well known as the inspiration for the Yorkshire “county anthem” On Ilkla Moor Baht ‘at (dialect for ‘on Ilkley Moor without a hat’).

During the Carboniferous period (325 million years ago), Ilkley Moor was part of a sea-level swampy area fed by meandering river channels coming from the north. The layers in the eroded bank faces of stream gullies in the area represent sea levels with various tides depositing different sorts of sediment. Over a long period of time, the sediments were cemented and compacted into hard rock layers. Geological forces lifted and tilted the strata a little towards the southeast, producing many small fractures, or faults. Since the end of the Carboniferous period more than a thousand meters of the coal-bearing rocks have been completely removed from the area by erosion. During the last million years, Ice Age glaciers modified the shape of the Wharfe valley, deepening it, smoothing it, and leaving behind glacial debris. The millstone grit not only gives character to the town of Ilkley but gives the area its acid soils, heather moors, soft water, and rocky scars. Wikipedia

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An image from Ilkley Moor Yorkshire

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35-year-old Canva founder Melanie Perkins got rejected by 100 VCs. Now her $26 billion design startup is ready to take on Microsoft and Google

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On a September morning in Sydney, Melanie Perkins peers through the double doors of Sterling hair salon in the city’s Surry Hills neighborhood. It’s now bustling with customers in highlight foils and black capes, but 10 years ago the space was where Perkins and then-boyfriend, now husband Cliff Obrecht spent nearly every waking moment. It housed the Sydney office of Fusion Books, the yearbook publishing business the couple founded prior to launching Canva, a visual communications company. Today their second business is valued by one estimate at $26 billion, the most of any female-founded and woman-led startup in the world and a sum that has grown the couple’s combined net worth to an estimated $7.8 billion.

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CEO Melanie Perkins conceived Canva after growing frustrated with existing design tools.
Ben Baker for Fortune

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Click the link below for the article:

https://fortune.com/longform/melanie-perkins-canva-founder-ceo-interview/?utm_source=pocket_discover_business

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How to stop stewing about something you’ve taken (a little too) personally

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Last month, I decided to get a snack from a convenience store. As I walked to the door, there was another customer ahead of me. And he opened the door for himself without bothering to look back.

How rude, I thought. Who doesn’t hold the door open for someone behind them! I got my snack, returned to my car and stewed about the incident. Didn’t he see me? Did he do that on purpose? The thoughts consumed me as I drove around running errands — and even continued over the next few days.

I knew I was wasting a lot of emotional energy on a seemingly trivial moment. And it got me wondering — why was I taking this incident so personally? And how do I manage my feelings about it?

To help answer these questions, I turned to Ethan Kross, psychologist and author of Chatter: The Voice in Our Head, Why It Matters and How to Harness It; psychotherapist Sana Powell, author of Mental Health Journal for Women: Creative Prompts and Practices to Improve Your Well-Being; and clinical psychologist Adia Gooden. They told me it’s human to get upset when we feel offended by something that someone did or said, because we may feel their actions or words are a personal affront to our character.

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https://media.npr.org/assets/img/2022/09/23/gettyimages-1190354359_slide-8078803b5fa4fde0c981d8981b1eb50c1661eb04-s800-c85.webpRichard Drury/Getty Images

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Click the link below for the article:

https://www.npr.org/2022/09/23/1124806233/when-something-feels-personal-heres-how-to-cope

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