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Outsider Question of the Week, Nov.10

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Outsider Club's Weekly Reader Question This week is heavy enough, so we figured we'd touch on someth

Outsider Club's Weekly Reader Question This week is heavy enough, so we figured we'd touch on something lighter. Here is a question sent to Jimmy Mengel, managing editor of both the Outsider Club and The Crow's Nest... "I'm part of the crew, but I have no idea what the ship is called! What would you name your boat if you had one, and why?" — Arthur T. NICK HODGE | Founder I You are receiving this email because you subscribed to Outsider Club. [Click here]( to manage your e-mail preferences. [Outsider Club logo] By Outsider Club Written Nov. 10, 2018 Outsider Club's Weekly Reader Question This week is heavy enough, so we figured we'd touch on something lighter. Here is a question sent to Jimmy Mengel, managing editor of both the Outsider Club and The Crow's Nest... "I'm part of the crew, but I have no idea what the ship is called! What would you name your boat if you had one, and why?" — Arthur T. --------------------------------------------------------------- NICK HODGE | Founder Imagined Order is a great name for a boat. Imagined Orders are the glues that keep society together, productive, and cooperative. Religion is an imagined order. Human rights are an imagined order. National borders are an imagined order. Fiat money is an imagined order. All political and law systems, from The Code of Hammurabi to the Declaration of Independence, are imagined orders. You go to work because you believe in that imagined order. You pay taxes because you believe. This is a term I only came across recently, in the book Sapiens, which chronicles the history of humankind. While the term was new, the idea behind it was something I’ve pondered for a long time. From the book: Most people do not wish to accept that the order governing their lives is imaginary, but in fact every person is born into a pre-existing imagined order, and his or her desires are shaped from birth by its dominant myths. Our personal desires thereby become the imagined order’s most important defences. If you lived in ancient Egypt, you’d desire a fancy tomb. If you live in modern America, you desire a boat or something. --------------------------------------------------------------- [Jimmy_mengel_2018_250x285]JIMMY MENGEL | Managing Editor Arthur, I'm ashamed that I never named the ship my Crow's Nest readers have been sailing on since 2014. That is a great question. First things first, investment-wise, I would say that having a friend with a boat is better than owning one yourself. You have to buy it, dock it, stock it, and fuel it. It costs an absolute fortune. Unless I dedicated my life to fishing or exploring, I would never do it. But in a perfect world — if I were to own my own ship — I'd call it Stormy Waters. If you have a boat, you need to have a pun. Those are the rules. For those who don't get the triple entendre, [see here](. As many of you know, I write about the sea at length in The Crow's Nest. For those who aren't subscribers, [here's a complimentary look]( at a past issue of the newsletter where I discuss stormy waters and rogue waves in the stock market. --------------------------------------------------------------- [jason_simpkins_250x285]JASON SIMPKINS | Editor I’d probably go with “Money Trouble,” an allusion to my nickname (J-Money), as well as the high costs associated with sustaining a vessel. I was once told a boat is nothing but a hole in the ocean you throw money into. “Sunk Cost” might also be good from that perspective. Or maybe “The Blue Wave” because it promises to save you from stormy seas, but ultimately falls short, leaving you stranded in a Nor’easter. --------------------------------------------------------------- [adam_english_2018_250x285]ADAM ENGLISH | Editor "For Rent" or "The Mistake" would be good names for me right now. I've heard that the best two days of owning a boat are the day you buy it and the day you sell it. I'm not really the seafaring type, so it would probably become a barnacle farm at a marina before long. If I had the disposable income to throw at sailing without feeling guilty about it, I'd be more prone to offer a trade in kind. I've always wanted a big house in the Appalachians away from the East Coast megalopolis. A couple hosted weeks there for a friend and their family in exchange for a weekend of the same while sailing sounds fair at first glance. If I had the money and felt drawn to the water, I'd probably look into getting a modernized skipjack and picking a local historical name. The biggest prize in that regard for local history is the John Paul Jones, but that is taken and a skipjack isn't the right ship for his legacy. Quite frankly, I think it is a shame that only two destroyers have been christened as the John Paul Jones, no offense to their crews. The first wasn't commissioned until 1956, yet few figures cut such a brazen legend from the colonial era. [Here is a quick link]( if you aren't familiar with him. Also, the U.S. Naval Academy created a [beautiful memorial and sarcophagus]( for him after his body was exhumed and brought home with an escort fleet. Old Annapolis is a beautiful town to visit, just be wary of the hottest summer days. And the parking fees. The Chesapeake Bay used to be covered with skipjacks trawling for oysters, and there are only a couple dozen left, I believe. They're not too large and cut a beautiful, low-slung shape across the water. Considering I'd undoubtedly be sailing on the Chesapeake, or at least out of it, it'd be nice to help keep that tradition alive. --------------------------------------------------------------- To [learn more about our editors](, visit our website. And keep an eye on your inbox for Adam's (Tuesdays), Nick's (Wednesdays), Jimmy's (Thursdays), and Jason's (Fridays) weekly articles. Submit a Question for the Outsider Club If you would like to ask a question of our editors, simply hit 'reply' to this email. Keep an eye out for future issues to see if your question has been chosen. Please note that not all questions will be selected, and due to the large volume of email we receive, it is unfortunately not possible to respond directly to those emails not selected. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [Stop Looking at the Sun – And Start Looking at Storage]( [Become the King of Emerald City]( [The Trendiest Little Metal in Mining]( ["It's Your Fault"]( [The Buzz From New Orleans]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Outsider Club, please add newsletter@outsiderclub.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. [Outsider Club](, Copyright © 2018, [Angel Publishing LLC]( & Outsider Club LLC, 111 Market Place #720, Baltimore, MD 21202. For Customer Service, please call (877) 303-4529. All rights reserved. [View our privacy policy here.]( No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. Angel Publishing and Outsider Club does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. This letter is not intended to meet your specific individual investment needs and it is not tailored to your personal financial situation. Nothing contained herein constitutes, is intended, or deemed to be – either implied or otherwise – investment advice. Neither the publisher nor the editors are registered investment advisors. This letter reflects the personal views and opinions of Nick Hodge and that is all it purports to be. While the information herein is believed to be accurate and reliable it is not guaranteed or implied to be so. Neither Nick Hodge, nor anyone else, accepts any responsibility, or assumes any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information in this letter. The information contained herein is subject to change without notice, may become outdated and may not be updated. Nick Hodge, entities that he controls, family, friends, employees, associates, and others may have positions in securities mentioned, or discussed, in this letter. No part of this letter/article may be reproduced, copied, emailed, faxed, or distributed (in any form) without the express written permission of Nick Hodge or the Outsider Club. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is illegal and punishable by law.

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