Success Is All in a Day’s Work

A friend at the Yale Law has forwarded me this article by Ben Stein (http://www.benstein.com/bio.html) which I thought was appropriate to share with you all!

Success Is All in a Day’s Work

Merry Christmas, everybody, and happy New Year.

First off, I don't have any new advice on stocks right now. I still like the S&P 500 Index Fund, the widest possible total stock market index funds (such at the Fidelity Total Stock Market Index Fund), the European, Far Eastern, and Australasian Index Fund (EFA), the Emerging Markets Index Fund (EEM), and the Russell 2000 Value (IWN).

I wouldn't have a ton of the EEM right now because it's gone up so high and because so much of it is Russian, and I don't trust them as far as I can throw them. But a bit is all right. I also like the Cohen & Steers Quality Real Estate Income Fund (RQI), although it's also very high. For the very long run, though, it'll be fine (I hope).

A Wasted Weekend

Anyway, I don't want to talk about stocks right now. For most of us, our primary source of income is our own livelihood. I think I have something more useful to say about that.

Today, a Sunday, I had a long phone conversation with a young man who lives in Washington, D.C., my ancestral home. He's 30 years old and a highly talented writer. He aspires to be famous, although right now he's a humble writer for as newsletter about environmental protection legal issues. He calls me many times each day and tells me how eager he is to be famous and much better-paid.

When this man, whom I'll call Chuck, called me on my car phone, I asked him what he'd done with his weekend. "I played tennis," he said. "Then I swam, then I hung out at a bar in Georgetown. That was on Saturday. Today, I played tennis and swam, then watched the football game, and now I'm about to go to a movie."

He asked me what I did with my weekend. "Well, you're 30 and I'm 62," I replied. "So on Saturday I researched some issues about hedge funds. Then I studied the performance of some of my investments. Then, today, I worked very hard on a research paper on basic economic issues of hedge funds, and then I did some investigation into the performance of defunct auto parts companies."

"Wow, he said. "I wish I could have done that."

The Truth Hurts

By then I was out of patience. "Look," I said, "you want to be a writer. No one knows who you are now outside a tiny circle. But you're a good writer. Why don't you write a short freelance article every day? Just on whatever comes into your mind. Then try to get them published. Throw them against the wall. If one in three gets published, in a year you'll be really well-known and in five years you'll be a household name."

"But I don't have that many ideas," he said.

"Well, beginning writers are required to have an unlimited stock of ideas. So either get the ideas or get out of the business."

"I don't want to just write garbage," he said.

"Then don't write garbage."

"I don't want to just have frivolous articles," Chuck added.

I paused a while and broke the news to him. "You're not really cut out for fame and success You're making excuses instead of working. You're hanging out at bars instead of writing."

I continued, "The people who make it in this field work all of the time. They work weekends. They work nights. They work holidays. They're hungry and they work like demons."

"You don't like me," Chuck said. "I don't feel well. I have to go now."

Effort Equals Success

He hung up, but as I drove along, I had a sudden realization. I know a lot of really successful people -- in finance, in government, in politics, in Hollywood, in journalism, in literature.

Their common denominator is a modicum of talent and a capacity and an eagerness -- not just a willingness, but an eagerness -- to work like Trojans to get ahead. I don't know of one really successful, famous man or woman who didn't work insanely hard to get there and to stay there. (I don't count heirs and heiresses as successful.)

Please don't get me wrong. Fame and money don't guarantee happiness. It's perfectly possible to be famous and unhappy, just as it's perfectly possible to be happy and obscure. Most of all, I assure you that while money is fabulous stuff, it by no means assures happiness or peace of mind.

But for those who want to be rich and famous (or rich or famous), there's no way to do it without daily, unremitting work. It's best if the seeker loves his work so much that he or she doesn't even consider it a burden, but rather a joyful, fulfilling, highly organizing principle of life.

As for little old me, who makes no claims to anything like being a great example, I would go crazy in about a week without having work to do. I would have little sense of worth or even of who I was without work.

Get to Work (Tomorrow)

If you feel differently and get your sense of joy or purpose from going to movies or playing pool and hoisting a few beers with your pals, more power to you. But don't expect to be famous or rich.

There's nothing wrong with seeing your life as something divorced from your work. There's not a thing amiss in not caring if you ever get to be in the headlines or on TV. But if that's what you desire, you have to get to work.

Don't make excuses. Don't shirk. Just get to work and stay there until it's not work any more, but your life. That's success in and of itself.

Today, however, I give you my happy permission to avoid your work. In fact, your work today is to love the people close to you, and then to go to bed with a smile on your face.

Then, tomorrow, get up and go to work. Fate will accept no substitutes.

Something not to laugh about

If they know of him at all, many folks think Ben Stein is just a quirky actor/comedian who talks in a monotone. He's also a very intelligent attorney who knows how to put ideas and words together in such a way as to sway juries and make people think clearly.

The following was written by Ben Stein and recited by him on CBS Sunday Morning Commentary

Herewith at this happy time of year, a few confessions from my beating heart: I have no freaking clue who Nick and Jessica are. I see them on the cover of People and Us constantly when I am buying my dog biscuits and kitty litter. I often ask the checkers at the grocery stores. They never know who Nick and Jessica are either. Who are they? Will it change my life if I know who they are and why they have broken up? Why are they so important?

I don't know who Lindsay Lohan is either, and I do not care at all about Tom Cruise's wife.

Am I going to be called before a Senate committee and asked if I am a subversive? Maybe, but I just have no clue who Nick and Jessica are.

If this is what it means to be no longer young. It's not so bad.

Next confession:

I am a Jew, and every single one of my ancestors was Jewish. And it does not bother me even a little bit when people call those beautiful lit up, bejeweled trees Christmas trees. I don't feel threatened.. I don' t feel discriminated against. That's what they are: Christmas trees.

It doesn't bother me a bit when people say, "Merry Christmas" to me. I don't think they are slighting me or getting ready to put me in a ghetto. In fact, I kind of like it. It shows that we are all brothers and sisters celebrating this happy time of year. It doesn't bother me at all that there is a manger scene on display at a key intersection near my beach house in Malibu. If people want a creche, it's just as fine with me as is the Menorah a few hundred yards away.

I don't like getting pushed around for being a Jew, and I don't think Christians like getting pushed around for being Christians. I think people who believe in God are sick and tired of getting pushed around, period. I have no idea where the concept came from that America is an
explicitly atheist country. I can't find it in the Constitution, and I don't like it being shoved down my throat.

Or maybe I can put it another way: where did the idea come from that we should worship Nick and Jessica and we aren't allowed to worship God as we understand Him?

I guess that's a sign that I'm getting old, too.


But there are a lot of us who are wondering where Nick and Jessica came from and where the America we knew went to.

In light of the many jokes we send to one another for a laugh, this is a little different: This is not intended to be a joke; it's not funny, it's intended to get you thinking.

Billy Graham's daughter was interviewed on the Early Show and Jane Clayson asked her "How could God let something like this Happen?" (regarding Katrina)

Anne Graham gave an extremely profound and insightful response. She said, "I believe God is deeply saddened by this, just as we are, but for years we've been telling God to get out of our schools, to get out of our government and to get out of our lives.

And being the gentleman He is, I believe He has calmly backed out. How can we expect God to give us His blessing and His protection if we demand He leave us alone?"

In light of recent events...terrorists attack, school shootings, etc. I think it started when Madeleine Murray O'Hare (she was murdered, her body found recently) complained she didn't want prayer in our schools, and we said OK.

Then someone said you better not read the Bible in school. The Bible says thou shalt not kill, thou shalt not steal, and love your neighbor as yourself. And we said OK.

Then Dr. Benjamin Spock said we shouldn't spank our children when they misbehave because their little personalities would be warped and we might damage their self-esteem (Dr. Spock's son committed suicide). We said an expert should know what he's talking about and we said OK.

Now we're asking ourselves why our children have no conscience, why they don't know right from wrong, and why it doesn't bother them to kill strangers, their classmates, and themselves.

Probably, if we think about it long and hard enough, we can figure it out. I think it has a great deal to do with "WE REAP WHAT WE SOW."