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Ass Power is the ability to sit your butt down in the chair and get to work, and the willpower and commitment to keep your butt in the chair to get things done.
The Practice of Practice
Jonathan Harnum
This frames how I view strength training in general. It’s largely about improving your ability to carry things. I’ve always been a fan of carrying heavy objects with my hands. As a teenager working on a construction site over the summers, I always volunteered to haul tools and materials across the site, and today I still incorporate some kind of carrying, typically with dumbbells, kettlebells, or sandbags, into most of my workouts. I’ve also become semiobsessed with an activity called rucking, which basically means hiking or walking at a fast pace with a loaded pack on your back. Three or four days a week, I’ll spend an hour rucking around my neighborhood, up and down hills, typically climbing and descending several hundred feet over the course of three or four miles. The fifty- to sixty-pound pack on my back makes it quite challenging, so I’m strengthening my legs and my trunk while also getting in a solid cardiovascular session. The best part is that I never take my phone on these outings; it’s just me, in nature, or maybe with a friend or a family member or a houseguest (for whom rucking is mandatory; I keep two extra rucksacks in the garage).
When epidemics of accounting control fraud are not checked by regulators there are two likely results of the recipe. The recipe is the best means possible to hyperinflate a bubble. When a bubble hyperinflates, fraudulent lenders can greatly extend the life of their frauds and the bubble by refinancing their bad loans. The saying in the trade is that “a rolling loan gathers no loss.” But there is a second finding that arises from control fraud theory that represents an even graver reputation of relying on “private market discipline.” The fraud recipe for a purchaser of bad loans is identical to the recipe for the issuer/seller of bad loans, except that the second “ingredient” changes from “making” to “buying.” When the “secondary market” purchaser of the bad loans is itself engaged in accounting control fraud its controlling officers find it essential that the fraudulent purchaser not exercise effective market discipline against the fraudulent seller, for doing so would kill the fraud scheme. The result is the financial version of “don’t ask; don’t tell” in which everyone involved pretends that the terrible loans are wonderful.
The Best Way to Rob a Bank Is to Own One
William K. Black
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