Weekly-Digest

“First say to yourself what you would be; and then do what you have to do.” — Epictetus, Discourses, 3.23 Net interest on the federal debt is set to cross $1 trillion this fiscal year, more than the Pentagon’s entire budget, and it holds there every year through 2035 on the Congressional Budget Office’s own numbers (CBO, 2025). On the CBO’s calm, no-crisis baseline, debt held by the public breaks the record set finishing World War II by fiscal year 2030 (CBO, 2026). That’s about four years out. Treasury’s response this month was to double its debt buyback program, a move I wrote about this week in Treasury Buybacks: A Colossal Failure in the Making: a few billion dollars a month against a $32 trillion market, a rounding error dressed up as a fix. ...

“Treat it as your own only while it is given to you, as travelers treat an inn.” — Epictetus, Enchiridion, XI On October 20, 2025, demolition crews began tearing down the White House East Wing, the 1902 addition that had housed the East Garden Room, the Family Theater, and generations of First Ladies’ offices. (NPR) It was coming down to make room for a 90,000-square-foot state ballroom, which the White House said in July 2025 would cost about $200 million, fully covered by Trump himself and other “patriot donors,” at no cost to taxpayers. (PBS) By December the estimate had climbed to $400 million. This week, CNBC reported the figure has reached roughly $900 million, and that it will now be “covered primarily by taxpayers.” (CNBC) ...

“It is your business to act well the part that is given you; but to select the part belongs to another.” — Epictetus, Enchiridion, XVII Early this morning, the Senate confirmed Todd Blanche as Attorney General of the United States, 50 to 49. Every Democrat voted no. So did two Republicans, Susan Collins and Lisa Murkowski. (NPR) Blanche spent most of his career on the advocate’s side of a courtroom: a decade as a federal prosecutor in New York’s violent crimes unit, then years defending white-collar clients in private practice. In 2023 he took on a single, high-profile assignment: representing Donald Trump personally, in the hush money trial, the classified documents case, and the election obstruction case. (Wikipedia) That’s not a dishonorable job on its own. The system depends on lawyers willing to argue a client’s case as hard as it can honestly be argued, whether the client is popular or not, guilty or not. ...

“Some things are up to us, and some are not.” — Epictetus, Enchiridion I’ve been following the campaign around Crimea closely these past few weeks, and something about the shape of it has stuck with me — not the politics of it, which I’ll leave to people better qualified than a Stoicism newsletter, but the strategy. For a long time, the instinct — mine included — was to imagine this kind of war ending the way wars end in movies: one decisive battle, a line on a map that moves all at once, a single dramatic turn. That’s not what’s happening. What’s happening, by most independent accounts, is slower and less cinematic than that. Ukraine appears to have shifted its approach around Crimea from scattered strikes to something more sustained and methodical — degrading fuel depots, air defense, bridges, and rail lines, and increasingly, ships. Reporting from the Crimea Platform and United24 put the numbers in the range of ninety to over a hundred Russian vessels struck in single-week windows in early-to-mid July, Kerch Strait ferry capacity down as much as 75%, and passage through the Don-Azov Canal temporarily suspended. Officials in the Ukrainian defense establishment reportedly describe the goal plainly: make Crimea an island. Not take it back in an afternoon. Isolate it, patiently, until what’s left is unsustainable. ...

“Let each thing you do, say, or intend be the act of one who might depart from life this very moment.” — Marcus Aurelius, Meditations 2.11 Memorial Day is a strange holiday. We grill. We shop. We go to the lake. We treat it like summer’s opening ceremony. And somewhere in the background — a parade, a flag, a moment of silence — we remember that the whole thing exists because people died. ...

Subject: The Pause “You have power over your mind—not outside events. Realize this, and you will find strength.” — Marcus Aurelius, Meditations (paraphrase) There’s a moment between stimulus and response where everything lives. Someone cuts you off in traffic. Your chest tightens, your foot tenses toward the brake, your jaw clenches. That’s the stimulus. What happens next is up to you. Most people don’t know the pause exists. They move straight from event to reaction—anger to horn, frustration to sharp word, anxiety to scroll. They’re not choosing; they’re being pulled. ...

📰 Reflection: The Shutdown Showdown I owe you an apology for the quiet week. No new articles, no fresh analysis — just the hum of a weary mind taking a breather. Sometimes you have to pause, even when you don’t want to. As for Washington’s latest shutdown drama, I see no angels in this one — only the bad and the worse. It’s less about policy now and more about performance. Every speech is a jab, every soundbite a weapon. Meanwhile, regular people pay the price in stalled services, missed paychecks, and a slow erosion of trust. ...

🪞 A Reflection - Advice vs. Theater I still remember when placing a trade felt like walking into a marble-floored bank: handshakes, hushed voices, and a commission that quietly skimmed my returns. Traditional brokerages sold reassurance—someone to call, someone who “knew a guy.” The price of that comfort was friction. Then the discount houses rewired the game. Zero-commission trades, index funds with fees measured in basis points, slick dashboards instead of mahogany desks. The pitch wasn’t romance; it was math. Keep costs down, keep behavior simple, let compounding work without the rake. ...

🪞 A Reflection on Risk Management The Balance of Risk Life is a series of wagers. Every day, we stake time, energy, trust, and money on outcomes we can’t fully predict. Some bets are small — trying a new café or changing our route home. Others carry heavier weight — a career shift, a relationship, a relocation. What they all share is uncertainty. Risk management isn’t about eliminating risk. That’s impossible — and truthfully, undesirable. A life without risk is a life without growth, discovery, or meaning. The task is not to hide from uncertainty, but to face it wisely: to ask not only “What might go wrong?” but also “What might go right?” ...

🪞 A Reflection on Compound Interest Compound interest is often called the “eighth wonder of the world.” At first, it seems like a throwaway phrase, something to stick in a finance textbook. But when I think about it deeply, I realize that compounding is less about money and more about time. The principle is simple: today’s growth becomes tomorrow’s foundation. A dollar earns a penny, and next year both the dollar and the penny are at work. Repeat that cycle for long enough, and the results stop being linear—they start becoming extraordinary. What once felt slow and dull accelerates into something almost unstoppable. ...