A History of Fools

The origin of April Fools’ Day is kind of like April Fools’ pranks themselves. If you read through the history, it’s hard to tell truth from fiction. The celebrated tradition of pranking might have started as part of a festival to praise the humble OR it might have been a way to ridicule a captured enemy before his execution or – no, wait – it was because some people got confused about when to celebrate the new year.

It might have started in France. Or maybe England. Or Rome. For certain. Maybe. It’s kind of hard to say…

12mrtAccording to Infoplease, one convincing explanation was provided by Joseph Boskin, a Professor of History at Boston University. He linked the practice to the Roman emperor Constantine, when a group of court jesters told Constantine that they didn’t get enough respect and could do a better job ruling the land. The emperor decided to appoint a jester named Kugel as king for the day, and Kugel took the opportunity to pass an edict created an annual absurdity day. When Boskin’s story was widely reported in 1983, it sounded convincing. But, as it turned out, he was just being feisty with an Associated Press reporter who wouldn’t take “I dunno” for an answer to “Where’d the tradition start, professor smartypants?” So as a joke he’d made up the story and used the reference to “kugel” because the reporter was in New York and he thought, well, everyone in New York eats kugel, don’t they?… When the AP fellow asked him to spell “kugel,” he wondered if the joke would be taken seriously. It was.

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The Key to Wealth & Happiness: Ignore Other People (and other Paradoxes)

I’ve always had a beef with that societal notion of Happiness, and when reading the book Flow on what makes people enjoy life, I realized why. “Happy people” in the media always seem to be rich, thin, beautiful, lucky, brilliant, or talented – all unattainable notions to me or the average Jane. In the book Flow, an analysis of what makes people truly happy, it turns out none of those things drive Happiness at all. And in a recent update to the influential book The Millionaire Next Door, on how ordinary people achieve financial security, the message is similar. Ignore external messages; ignore social media; ignore commercials. Or as a folk singer once said, “it’s an inside job.”

I will note at the outset that this is a somewhat paradoxical entry. I’m telling you to read my explanation and advice on how to improve your life by ignoring other people. This reminds me a little of the Steve Martin bit where he would say, “Now, repeat after me, ‘I will not say things that other people tell me to say’…all together now….’”

But bear with me. The keys to discovering wealth and happiness are not avoiding other people’s advice or ignoring your friends and family, but rather learning when to react to cues from society and the environment and when to ignore them.

The Millionaire Next Door by Thomas Stanley and William Danko

millionairecoverLet’s tackle wealth first; it’s easier. The Millionaire made a very strong impression on me when I first read it 15 years ago. Since many have asked me how I have figured out how to leave the corporate world early, I would point to these principles. The book was based on large scale studies of affluent families and found that people accumulating wealth would probably not be recognized as such. They drive older cars, spend on few luxuries, and save the fruits of their hard-earned labor. They don’t tend to play the lottery but do understand the “miracle of compound interest.” They do take financial risk in keeping with appropriate rewards – save money, leverage money, but don’t gamble money.   A key theme is to ignore “keeping up with the Joneses”: affluent people don’t purchase things because their neighbor has them.

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Happy St. Urho’s Day!

St. Urho is the patron saint of Finland, and March 16th is a celebration day for great merriment and drinking throughout all of the North. As it says on www.sturho.com, St. Urho was the saint who drove the grasshoppers out of Finland, saving the wine crop. His colors are Royal Purple and Nile Green. He did this by uttering the phrase: “Heinäsirkka, heinäsirkka, mene täältä hiiteen” (roughly translated: “Grasshopper, grasshopper, go to Hell!”).

sturhoNow, you might perhaps suggest that there are no grasshoppers in the coniferous forests and ice lands of Finland, where 25% of the land lies above the Arctic Circle. Thank to St. Urho, of course! You might perhaps suggest that Finland is not particularly known for its great wines, but neither is Ireland known for its vodka despite the ballyhoo about the potato crop. And Finland is known for its great drinking, as it ranks 9th in the world for death by alcoholism, compared with the US which is a mere 39th and Ireland which is way down at #63.

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