Monday Musings 67

Some quotes from Socrates:

 

“There is only one good, knowledge, and one evil, ignorance.”

“I cannot teach anybody anything. I can only make them think.”

“Education is the kindling of a flame, not the filling of a vessel.”

“When the debate is over, slander becomes the tool of the loser.”

“It is better to change an opinion than to persist in a wrong one.”

 

Supposedly, Socrates himself wrote no texts. He is known chiefly through the accounts of classical writers composing after his lifetime, particularly his students Plato and Xenophon. Whether or not he actually said everything that is attributed to him, the wisdom of those words is timeless, in my opinion.

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This article is titled “10 Most Anticipated Exotic Cars Coming in 2021.” I’m actually surprised the author and staff could find ten exotic cars. Here are pictures and descriptions for three of them:

 

McLaren Elva

 

This is the McLaren Elva, of which only 249 examples will be manufactured. As like all modern McLarens except the P1, the Elva will be powered by a twin-turbo small displacement V-8 engine (4 liters) with very high specific output: 804 HP/590 LB-FT of torque.

 

Maserati MC20

 

This is not the first appearance of the Maserati MC20 in this blog. I am simply smitten with this car, what can I say? I can say that later this summer I may be able to share photos of a “real” MC20. No, I did not buy one, but the local luxury make complex supposedly will have eight examples shipped to them. Of course, all eight are already sold, or so I was told.

 

Hennessey Venom F5

 

This is the Hennessey Venom F5, a car that has been “on display” for more than three years, but that has not been sold until now. Only 24 of these beasts will be produced at a price of over $2 million. This car is also powered by a twin-turbo V8, like the Elva, but the output is a little higher, like 1,800 HP! The Venom F5 is supposed to have a top speed above 300 MPH. That’s a mile every 12 seconds.

I’ve probably driven faster than 100 MPH only once or twice in my life; I’ve never driven my Z06 more than 90 MPH and that was for seconds while passing someone on Loop 101. I cannot imagine driving at 300 MPH.

I would very much like to read the experiences and opinions of those of you who have raced cars, like Dirty Dingus McGee, especially as it might pertain to a 300 MPH automobile.

 

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#MaseratiMC20

#HennesseyVenomF5

#somanycarsjustonelife

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March Monday Musings

Yes, it is March 1, 2021. Two of the many bonds in my investment portfolio pay me in March and September; one of those, a municipal bond from our former state of residence, pays me today. Most bonds, corporate or municipal, pay their interest twice a year, such as in March and September. Some bonds pay every month.

The interest from that muni bond is no longer exempt from state income tax. A small part of me wanted to sell it after we moved to Arizona, but I don’t think it’s wise to sell a AAA-rated bond with a 4% coupon with the US 10-year Treasury yield at less than 1.5% simply because the interest will now be subject to state income tax.

The other bond that pays me in March/September has an interesting story. Its coupon is in excess of 7%; I paid 103% of par for it initially. After some false news about the issuing company broke some years ago, the price of that bond plummeted to 58% of par. I doubled my position; it’s now trading at 130% of par. (The yield on most bonds has dropped in the last year–until quite recently–and that means that bond prices have increased. Of course, the causation really goes the other way.) Transactions like that explain how, for more than the last decade, our fixed income investment portfolio has more than doubled the average annual rate of return of the fixed income benchmark used by our brokerage company.

I have been investing in bonds for a long time as I have always been more risk averse than the average investor. My wonderful wife now has an extensive bond portfolio, but didn’t when we married. Not too long ago I bought one bond for her IRA (not a muni bond, obviously) whose price increased by 33 percent in the first 23 months she owned it. I sold half the position. Bulls make money, bears make money, but hogs get slaughtered.

Companies that pay dividends on their stock can decrease or simply stop paying the dividend at any time. A bond is a contract in which the issuer agrees to pay a fixed amount on a fixed schedule until the bond matures. Which is the safer source of income?

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From an email sent to me by my friend and former neighbor, MB:

 

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See the source image

 

From canadianautoreview (an unsecured site) comes a picture of the new Maserati MC20. Like all manufacturers should do, this car is available with an internal combustion engine (ICE) OR electric motors.

The 3-liter twin-turbo V-6 will produce 621 HP/538 LB-FT of torque and propel the car from 0-60 MPH in 2.9 seconds. This engine has 12 spark plugs and 12 combustion chambers. The “pre-chamber” system was originally developed for Formula 1 racing engines. By the way, the ICE engine for this car was developed by Maserati and not by Ferrari. From The Drive another picture of the same car:

 

See the source image

 

Every regular reader knows of my long-time affinity for Maserati. Starting at more than $200,000, it’s out of my price range, but I would love to have this car.

 

#MondayMusings

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#Socrates

#MaseratiMC20

#somanycarsjustonelife

#disaffectedmusings

If you like this blog please tell your friends and share the blog URL (https://disaffectedmusings.com). Thanks.