I'm a husband, father, author, cyclist, sailor, travel addict, and Silicon Valley software engineer. I've written 4 books and actively review books on this blog. Comments on this blog are aggressively moderated against link-spam and rude or meaningless comments.
Why was Shiller wrong? In an arithmetic sense, we can point to three factors, each of which can take roughly one-third the credit for real American stock returns of 6% per year over the past decade rather than zero:
We had a full rainbow this morning from the apartment window. It was one of those days that made you feel like sleeping in, but the rainbow made getting up early worthwhile.
Yajie asked me why I turn on the flash when shooting during the day, and ironically, this photograph provides an excellent example. The sun was shining from the right, which would have created dark shadows along the left side of her face in this picture. The fill flash from the camera lit up the side of her face enough to provide definition (without over-powering it), while also giving us a little bit of fill-light in her eye to liven it up a bit. This technique works well on both people and animals.
Looking South from Windy Hill OSP, you can see ridge after ridge. The little bit of haze today gave it a dreamy feeling.
Windy Hill Open Space Preserve is one of several spots along the coast where you can see the Ocean and the Bay at the same time. (The others being Russian Ridge and Black Mountain summit)
I neglected to shoot a picture of this last week. The haze is probably smog from the windless days we've had recently. The Bay Area has great air quality only because the ocean wind usually blows it inland to Fresno and Sacramento valleys. With an off-shore flow the last couple of days that hasn't been happening.
It was so unusually clear today. The views were gorgeous, and well worth the effort. Every so often we get these off-shore flows that sweep all traces of fog away from the coast, and when that happens, you need to take advantage of it!
Today, Tanya made it to the coast and back on a bicycle for the first time (and couldn't have picked a better day to do it!). Congratulations, Tanya!