Health and Time are Assets that are only appreciated after they have been depleted

Monthly Market Commentary: April 1, 2015

At investment conferences participants get into heated debates as to what the best long-term investment has been in the course of history: real estate, gold, shares, bonds, art and collectibles, farmland, jewelry, books, stamps, ships, etc. But, what hardly ever comes up as a matter of discourse is education, wisdom, free time and health as simply some of the best investments people can make in their lives without a doubt. I am bringing up these issues because people spend so much time making money (or trying to make money) and then they become so sick that they need to take leave of absences, or their partners become sick of them and demand costly divorces. In some cases they are even forced to retire or they suffer physical and mental pains for the rest of their lives.

Dr. David Eifrig (he is the editor of Retirement Millionaire) recently published “The Most Important List You’ll Read all Year,” which deals with ways how you may improve your health. Eifrig says that, “deciding the best ways to improve your health is tough. One day, you hear a self-appointed expert tell you one thing. And the next day, a different talking head claims something that sounds like the exact opposite. Often, the advice is contradictory and confusing. In total this year, I'm reporting 12 ways to improve your health for 2015. Start at the top and try a few out for the next couple months. You'll feel better almost immediately. I promise something on this list will change your life.”

Dr. Eifrig makes some very good points about how you may improve not only your health but also your entire life because as James Patterson observed, “Imagine life is a game in which you are juggling five balls. The balls are called work, family, health, friends, and integrity. And you're keeping all of them in the air. But one day you finally come to understand that work is a rubber ball. If you drop it, it will bounce back. The other four balls - family, health, friends, integrity - are made of glass. If you drop one of these, it will be irrevocably scuffed, nicked, perhaps even shattered. And once you truly understand the lesson of the five balls, you will have the beginnings of balance in your life.”

I am enclosing two articles.
In “The Monetary Approach Reigns Supreme” Steve H. Hanke makes some critical comments about monetary policies.
An interview with controversial author Srdja Trifkovic (he is the foreign affairs editor of the conservative Magazine Chronicles)  is also enclosed in which he deals with the question, “how would Bismarck react if he could see today’s map of Europe?”

With kind regards
Yours sincerely  
Marc Faber 

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