Wednesday, May 30, 2018

Never Mind the Millionaires. Here’s Advice From Billionaires

Wishful thinking alone is insufficient to get any job done. “All you need is a dollar and a dream” is typical of the mindset of those who visualize themselves as wealthy. Rather, a lottery ticket allows you to to imagine yourself as rich for a few minutes, but statistically speaking, neither the lottery nor the visualizations are likely to work.
 
 
Some misread my attitude as a challenge to their favorite self-help gurus. 1  It was not my intention to disparage those who aim to help people with their personal philosophies. I did not mention any guru by name except Napoleon Hill, and he was discussed with approval. 2  Nonetheless, I clearly touched a nerve. 3
 
 
What follows are some suggestions for success I pulled from conversations with billionaires. Note that I do not study billionaires for a living, and have recommended that people shouldn’t invest like them. 4
However, I have been fortunate to have sat down for two hours at a time with lots of people in the three-comma club: Mark CubanRay DalioHoward MarksLeon CoopermanJeff GundlachBill GrossEd Thorp, Jeremy Grantham, Ken FisherMario Gabelli, as well as many more near-billionaires.
When successful, intelligent, accomplished people tell their life story, you listen very carefully. When did their philosophy develop? Who were their mentors? What mistakes did they make and what did they learn from them? The people listed above each took a different route to success. But they were happy to pass on their experiences and wisdom. And they also had some traits in common. Here is what these billionaires taught:
  1. Be reality-based: Ray Dalio writes this explicitly in his "Principles," published in 2011. Every member of my billionaire sample discussed the importance of discerning reality that others have missed or misunderstood. Howard Marks of Oaktree Capital explained why you need to do more than simply grasp reality. Failing to understand the world as it is will prevent you from achieving long-term, sustainable success.
  2. Work Hard: No one on my list inherited great wealth -- all of the billionaires were self-made and male (I have not yet interviewed any of the world’s 256 female billionaires). They discussed working long and hard, especially in the early days of their careers. Many of them outworked, out-hustled and outsmarted their competitors to achieve their success.
  3. Focus on Process: No one in this group is outcome-focused. They are all process-oriented investors. Understanding probabilistic outcomes, learning from errors, failing well were qualities frequently cited by members of this group.
  4. Read widely: This is another trait almost all members of the group shared. They didn't just read finance-related books, but a huge variety of works of history, biography and philosophy. The billionaires sought to get smarter, learn more and have a deeper understanding of the world.
  5. Be Lucky: The consistent acknowledgement of the role of serendipity played in their lives was perhaps the most surprising of all the sentiments shared among this crew. Every person mentioned how much random good fortune had come their way.
  6. Opportunity Knocks: Combine hard work with luck and you create opportunity. Lucky, yes, but ready to act when fortune smiles. If you are lucky but fail to rise to the occasion, then the luck is meaningless. Being well-prepared to capitalize on what providence provides was a consistent theme.
  7. Be humble: Success in the market requires humility. At times, it can be humbling. But the humility of these uber-successful, ultra-wealthy men was another surprise.
So read all the self-help books you want, but avoid wishful thinking. The virtue of being reality-based, process-oriented, hard-working, well-read and humble are evident ways to work to achieve success in any field.

Wednesday, May 23, 2018

AUMFs

America is nearing the point at which graduating high-school seniors have never known a United States not at war.  These young people will have never boarded a commercial aircraft without first submitting to uniformed strangers wearing blue gloves scanning their belongings and touching their bodies.  They have never engaged in an electronic communication free from potential eavesdropping by government-run super computers.
This strange new world is the direct result of the fear-of-terrorism that has gripped the United States since September 11, 2001; and if many in the United States Congress have their way, this state of affairs will be further enshrined in a resolution that will place our country on what amounts to a de factoperpetual war footing. The vehicle chosen for this action is a “new and improved” Authorization for the Use of Military Force (“AUMF”) to replace two earlier versions that have been stretched beyond any reasonable recognition by three Presidents.
The joint resolution now awaiting consideration in the Senate was crafted by lame duck Republican Bob Corker of Tennessee and Virginia Democrat Tim Kaine (D-VA).  It would replace the 2001 Authorization that empowered President George W. Bush to pursue those responsible for the 9-11 attacks (but which has been mis-cited and mis-used ever since to justify all manner of foreign and domestic government actions, including warrantless surveillance of citizens’ electronic communications).  The new version also would replace the 2002 AUMF that justified Bush’s invasion of Iraq without the constitutionally-required congressional Declaration of War.
If the intent of those supporting this new AUMF is to reduce the latitude presidents now enjoy in committing American forces in combat abroad, or to somehow restrict the government’s power to engage in constitutionally-problematic actions such as warrantless surveillance of U.S. citizens, the Corker-Kaine resolution does not come close to meeting either goal. Where the previous AUMFs were stretched to justify fights far beyond 9-11 and Iraq (their stated purposes), this new one identifies five entities (and an unlimited number of “associated forces”) against which the U.S. President may at any time employ military force anywhere on Planet Earth.
Defenders of what is essentially a perpetual war authorization cite a requirement in the pending Resolution for the President to submit a quadrennial report about military operations covered under the AUMF.  This is nothing more than smoke and mirrors.  Presidents regularly ignore such reporting requirements, and Congresses rarely hold administrations accountable for such failures.  Moreover, in this instance, the only way the Congress could stop military action with which it disagrees, would be to pass legislation in opposition; the president would then veto the legislation, secure in the knowledge that only in the rarest of instances will Congress override such veto.
Making matters worse – but consistent with historical precedent -- the new AUMF comes without any “sunset clause,” which would force Congress and the President to at least debate the issue of committing the country to military action.
Whereas the earlier two AUMFs required presidents and Congresses to engage in at least semantic gamesmanship in order to fit their desired policies within the four corners of the legislation; this new version will demand not even such minimal effort.  The Corker-Kaine Resolution discards even the barest fig leaf of legal or constitutional justification; it will gift the current and future presidents a prospective rubber stamp for whatever they decide to do in the name of “fighting terrorism” at home or abroad.
No rational person would question that fighting America’s enemies since 9-11 has become exponentially more complicated as borders have disappeared, and as technology has greatly magnified the ability of even individual actors to cause great harm in any city in any country across the globe. And none but die-hard pacifists would deny that the government must maintain a robust ability to defend against such threats.
In decades past, however, presidents, Congresses, and the American people possessed at least a measurable understanding of the need for checks and balances on the government when acting to meet serious national security challenges.  It was that social contract that prevented and at times corrected abuses of unbridled power.
If the American people now choose to dispense with those checks and balances by way of this new Authorization for the Use of Military Force, then we will have moved perhaps irreversibly toward a state of perpetual war.  Thus would America more closely resemble an elective monarchy than the representative democracy sought to be enshrined in the Constitution by our Founding Fathers.

Thursday, May 10, 2018

When will we say Beijing over Moscow?

he strange thing about the change of tone is that U.S. President Donald Trump and Chinese President Xi Jinping seem to get along quite well. Trump needs Xi’s cooperation on North Korea, and he seems to be getting it. Russia means trouble, certainly. But is China really so bad?
The view from Beijing
While the international press has jumped all over Trump’s condemnation of China, the People’s Daily, the official newspaper of the Chinese Communist Party, shrugged it off. They reported on the NSS but didn’t even mention that China had been criticized. That’s a far cry from the shrill counterattacks that are China’s usual stock-in-trade.
It could be because China knows that, unlike smaller countries, the U.S. can’t be bullied. Still, that didn’t stop China from bullying the Obama administration.
More likely, it’s because China doesn’t really see itself as a rival to the United States. Most of China’s foreign policy establishment was educated in the United States and many of them have internalized American viewpoints as their own. They are ambitious to increase China’s power and influence in the world, certainly, but for many of them the whole idea that China could take on the United States is ludicrous.
Remember that more than 300,000 Chinese students are currently studying in the United States, and several million more are alumni of U.S. universities, including the children of many of China’s top Communist Party officials. Xi Jinping’s own daughter studied at Harvard. Perhaps as many as 100,000 Chinese mothers travel to the U.S. every year to give birth in American hospitals so that their children will become U.S. citizens (no one knows the exact number).
Meanwhile nearly everyone in China uses a mobile phone that runs either iOS or Android. They drink their coffee at Starbucks and learn English by watching The Big Bang Theory.
Not really a threat, not quite a partner
The accusations leveled at China in the Trump’s 2017 NSS seem fair enough. It is almost certain that China does steal the intellectual property of American companies. China almost certainly does seek to realign the Indo-Pacific region in its favor. China really is investing billions in infrastructure development around the world. But none of this seriously threatens the security of the United States.
On the other side of the balance sheet, China seems to be cooperating with the U.S. on North Korea, China has declined to endorse Russia’s annexation of Crimea, and China repeatedly stresses its desire to cooperate with the United States in international affairs. That’s not a lot to go on, but it’s a much better record than Russia’s. It doesn’t seem to mark China out as an irreconcilable opponent.
All in all, They would love to detach American allies from the U.S. side, and are willing to use both bribery and intimidation to do so. But unlike Russia’s leaders, China’s leaders want to succeed in the American world-system, not overthrow it. When it comes time to send their kids to college, China’s elites will take the Ivy League over Moscow State University every time.

China is the main threat to US security (over Russia)

China was identified this week as posing the most significant long-term military challenge to the United States by America’s senior-most military leader, as he set out new US military strategies and policies toward China and Asia more generally in a congressional hearing.
Gen. Joseph Dunford, chairman of the joint chiefs of staff, also revealed in the hearing, before senate, that he had informed China last summer of US plans to use military force against North Korea.
Dunford was asked to rank various military threats and identified nuclear missile-armed North Korea as presenting an “immediate” threat, with Russia and China posing potential dangers based on their growing nuclear arsenals.
“We don’t actually have the luxury of identifying a single threat today, unfortunately, nor, necessarily, to look at it in a linear fashion,” Dunford said.

The four-star Marine Corps general then went on to say that, over the longer term, China represents the most significant danger, overshadowing the nuclear and cyber power of Moscow.
“If I look out to 2025, and I look at the demographics and the economic situation, I think China probably poses the greatest threat to our nation by about 2025, and that’s consistent with much of our analysis,” Dunford said.
The comments echoed those of CIA Director Mike Pompeo, who said in July that he believes China is the most significant regional security threat. “I think China has the capacity to present the greatest rivalry to America… over the medium and long term,” he said.

The Chinese military buildup of missiles, warships, submarines and aircraft, along with cyber-warfare and other non-kinetic tools of warfare, is aimed at limiting the United States’ ability to project power and also to weaken American alliances in the Pacific.
China has closely studied US warfare weapons and tactics and has developed both arms and strategies that will enable its weaker forces to defeat US military forces in a future conflict, he said, adding that the gap has been closed between the two militaries over the last decade and a half.
In 2000, “we had a significant competitive advantage in our ability to project power when and where needed to advance our national interest,” Dunford said. “I can’t say that today. We are challenged in our ability to project power, both to Europe and in the Pacific, as a result of those threats.”

Dunford outlined how the military is backstopping President Donald Trump’s attempts to press the North Korean regime of Kim Jong-un to give up its nuclear arms.
Government analysts put forth the pessimistic view that Kim will not give up his nuclear and missile arsenal because those weapons are inextricably linked to his survival. The analysts also assessed that China will not co-operate with the United States in seeking Korean Peninsula denuclearization.
Dunford said US Secretary of State Rex Tillerson is testing both assumptions, realizing that the alternatives – a second Korean war – are extremey dire.
“We’re at the phase now where implementation of the sanctions is going to determine whether or not we have a peaceful solution to denuclearization on the peninsula,” Dunford said.
Military options have been drawn up and placed before Trump for consideration if the campaign of economic and diplomatic pressure fails.
Dunford said he had traveled to China in August and delivered that stark message to the Chinese, which has a defense alliance with North Korea.
The chairman also disclosed that Pacific forces had adopted a new policy toward American warship passage near disputed Asian islands claimed by China.
In February, US Defense Secretary Jim Mattis rejected the military’s piecemeal approach to freedom of navigation, which depended on approval through a bureaucratic process that limited passage.
The new Mattis policy was described by Dunford as a “full strategy that lays this thing out now for a long period of time and talks about the strategic effect we’re trying to achieve.”
The new policy will include regional allies in freedom of navigation operations and will become “routine and regular.”
Three American warship drills have been carried out so far this year, drawing the ire of China, which declared each to be a violation of Chinese sovereignty. Chinese warships shadowed the US destroyers during the activities.
“That’s what we’re implementing right now, a strategic approach to freedom of navigation operations that does in fact support our overall strategy in the Pacific, as well as the specific mission, which is, to ensure that we fly, sail and operate wherever international law allows,” Gen. Dunford said. “And we continue to validate those claims where we see international airspace for that matter, or the maritime domain.”
Dunford also expressed concern about China’s growing space warfare capabilities, including the development of satellite-killing missiles and multiple tests of high technology weapons.

“When we fielded the current space capabilities, we didn’t field them with resilience to the current threat in mind,” he said.

Saturday, May 05, 2018

The 500 Greatest Rock Albums of All Time

1. Sgt. Pepper's Lonely Hearts Club Band (1967) by The Beatles
2. Pet Sounds (1966) by The Beach Boys
3. Revolver (1966) by The Beatles
4. Highway 61 Revisited (1965) by Bob Dylan
5. Rubber Soul (1965) by The Beatles
6. What's Going On (1971) by Marvin Gaye
7. Exile on Main St. (1972) by The Rolling Stones
8. London Calling (1979) by The Clash
9. Blonde On Blonde (1966) by Bob Dylan
10. The Beatles ("The White Album") (1968) by The Beatles
11. Sunrise (1999) by Elvis Presley
12. Kind Of Blue (1959) by Miles Davis
13. The Velvet Underground & Nico (1967) by The Velvet Underground
14. Abbey Road (1969) by The Beatles
15. Are You Experienced (1967) by The Jimi Hendrix Experience
16. Blood On The Tracks (1975) by Bob Dylan
17. Nevermind (1991) by Nirvana
18. Born To Run (1975) by Bruce Springsteen
19. Astral Weeks (1968) by Van Morrison
20. Thriller (1982) by Michael Jackson
21. The Great Twenty-Eight (1982) by Chuck Berry
22. The Complete Recordings (1990) by Robert Johnson
23. John Lennon/Plastic Ono Band (1970) by John Lennon
24. Innervisions (1973) by Stevie Wonder
25. Live At The Apollo (1963) by James Brown
26. Rumours (1977) by Fleetwood Mac
27. The Joshua Tree (1987) by U2
28. Who's Next (1971) by The Who
29. Led Zeppelin (1969) by Led Zeppelin
30. Blue (1971) by Joni Mitchell
31. Bringing It All Back Home (1965) by Bob Dylan
32. Let It Bleed (1969) by The Rolling Stones
33. Ramones (1976) by Ramones
34. Music From Big Pink (1968) by The Band
35. The Rise And Fall Of Ziggy Stardust And The Spiders From Mars (1972) by David Bowie
36. Tapestry (1971) by Carole King
37. Hotel California (1976) by Eagles
38. The Anthology (1947-1972) (2001) by Muddy Waters
39. Please Please Me (1963) by The Beatles
40. Forever Changes (1967) by Love
41. Never Mind The Bollocks, Here's The Sex Pistols (1977) by Sex Pistols
42. The Doors (1967) by The Doors
43. The Dark Side Of The Moon (1973) by Pink Floyd
44. Horses (1975) by Patti Smith
45. The Band (1969) by The Band
46. Legend (1984) by Bob Marley & The Wailers
47. A Love Supreme (1965) by John Coltrane
48. It Takes A Nation Of Millions To Hold Us Back (1988) by Public Enemy
49. At Fillmore East (1971) by The Allman Brothers Band
50. Here's Little Richard (1957) by Little Richard
51. Bridge Over Troubled Water (1970) by Simon And Garfunkel
52. Greatest Hits (1975) by Al Green
53. Meet The Beatles (1964) by The Beatles
54. The Birth Of Soul: The Complete Atlantic Rhythm And Blues Recordings (1991) by Ray Charles
55. Electric Ladyland (1968) by The Jimi Hendrix Experience
56. Elvis Presley (1956) by Elvis Presley
57. Songs In The Key Of Life (1976) by Stevie Wonder
58. Beggars Banquet (1968) by The Rolling Stones
59. Chronicle, Vol. 1 (1976) by Creedence Clearwater Revival
60. Trout Mask Replica (1969) by Captain Beefheart and his Magic Band
61. Greatest Hits (1970) by Sly & The Family Stone
62. Appetite For Destruction (1987) by Guns N' Roses
63. Achtung Baby (1991) by U2
64. Sticky Fingers (1971) by The Rolling Stones
65. Back To Mono (1991) by Phil Spector
66. Moondance (1970) by Van Morrison
67. Kid A (2000) by Radiohead
68. Off The Wall (1979) by Michael Jackson
69. Led Zeppelin IV (1971) by Led Zeppelin
70. The Stranger (1977) by Billy Joel
71. Graceland (1986) by Paul Simon
72. Super Fly (1972) by Curtis Mayfield
73. Physical Graffiti (1975) by Led Zeppelin
74. After The Gold Rush (1970) by Neil Young
75. Star Time (1991) by James Brown
76. Purple Rain (1984) by Princ77. Back In Black (1980) by AC/DC
78. Otis Blue (1965) by Otis Redding
79. Led Zeppelin II (1969) by Led Zeppelin
80. Imagine (1971) by John Lennon
81. The Clash (1977) by The Clash
82. Harvest (1972) by Neil Young
83. Axis: Bold As Love (1967) by The Jimi Hendrix Experience
84. I Never Loved A Man The Way I Love You (1967) by Aretha Franklin
85. Lady Soul (1968) by Aretha Franklin
86. Born In The U.S.A. (1984) by Bruce Springsteen
87. The Wall (1979) by Pink Floyd
88. At Folsom Prison (1968) by Johnny Cash
89. Dusty In Memphis (1969) by Dusty Springfield
90. Talking Book (1972) by Stevie Wonder
91. Goodbye Yellow Brick Road (1973) by Elton John
92. 20 Golden Greats (1978) by Buddy Holly
93. Sign O' The Times (1987) by Prince
94. 40 Greatest Hits (1978) by Hank Williams
95. Bitches Brew (1970) by Miles Davis
96. Tommy (1969) by The Who
97. The Freewheelin' Bob Dylan (1963) by Bob Dylan
98. This Year's Model (1978) by Elvis Costello
99. There's A Riot Goin' On (1971) by Sly & The Family Stone
100. Odessey And Oracle (1968) by The Zombies

101. In The Wee Small Hours (1955) by Frank Sinatra
102. Fresh Cream (1966) by Cream
103. Giant Steps (1959) by John Coltrane
104. Sweet Baby James (1970) by James Taylor
105. Modern Sounds In Country And Western Music (1962) by Ray Charles
106. Rocket To Russia (1977) by Ramones
107. Portrait Of A Legend: 1951-1964 (2003) by Sam Cooke
108. Hunky Dory (1971) by David Bowie
109. Aftermath (1966) by The Rolling Stones
110. Loaded (1970) by The Velvet Underground
111. The Bends (1995) by Radiohead
112. If You Can Believe Your Eyes And Ears (1966) by The Mamas & The Papas
113. Court And Spark (1974) by Joni Mitchell
114. Disraeli Gears (1967) by Cream
115. The Who Sell Out (1967) by The Who
116. Out Of Our Heads (1965) by The Rolling Stones
117. Layla And Other Assorted Love Songs (1970) by Derek And The Dominos
118. Late Registration (2005) by Kanye West
119. At Last! (1961) by Etta James
120. Sweetheart Of The Rodeo (1968) by The Byrds
121. Stand! (1969) by Sly & The Family Stone
122. The Harder They Come (1972) by Jimmy Cliff
123. Raising Hell (1986) by Run-D.M.C
124. Moby Grape (1967) by Moby Grape
125. Pearl (1971) by Janis Joplin

126. Catch A Fire (1973) by Bob Marley & The Wailers & The Wailers
127. Younger Than Yesterday (1967) by The Byrds
128. Raw Power (1973) by The Stooges
129. Remain In Light (1980) by Talking Heads
130. Marquee Moon (1977) by Television
131. Paranoid (1970) by Black Sabbath
132. Saturday Night Fever (Original Soundtrack) (1977) by Various Artists
133. The Wild, The Innocent And The E Street Shuffle (1973) by Bruce Springsteen
134. Ready To Die (1994) by The Notorious B.I.G
135. Slanted And Enchanted (1992) by Pavement
136. Greatest Hits (1974) by Elton John
137. Tim (1985) by The Replacements
138. The Chronic (1992) by Dr. Dre
139. Rejuvenation (1974) by The Meters
140. Parallel Lines (1978) by Blondie
141. Live At The Regal (1965) by B.B. King
142. A Christmas Gift For You (1963) by Phil Spector
143. Gris-Gris (1968) by Dr. John
144. Straight Outta Compton (1988) by N.W.A
145. Aja (1977) by Steely Dan
146. Surrealistic Pillow (1967) by Jefferson Airplane
147. Déjà Vu (1970) by Crosby, Stills, Nash & Young
148. Houses Of The Holy (1973) by Led Zeppelin
149. Santana (1969) by Santana
150. Darkness On The Edge Of Town (1978) by Bruce Springsteen

151. Funeral (2004) by Arcade Fire
152. The B-52's (1979) by The B-52's
153. The Low End Theory (1991) by A Tribe Called Quest
154. Moanin' In The Moonlight (1959) by Howlin' Wolf
155. Pretenders (1980) by Pretenders
156. Paul's Boutique (1989) by Beastie Boys
157. Closer (1980) by Joy Division
158. Captain Fantastic And The Brown Dirt Cowboy (1975) by Elton John
159. Alive (1975) by Kiss
160. Electric Warrior (1971) by T. Rex
161. The Dock Of The Bay (1968) by Otis Redding
162. OK Computer (1997) by Radiohead
163. 1999 (1982) by Prince
164. The Very Best Of Linda Ronstadt (2002) by Linda Ronstadt
165. Let's Get It On (1973) by Marvin Gaye
166. Imperial Bedroom (1982) by Elvis Costello
167. Master Of Puppets (1986) by Metallica
168. My Aim Is True (1977) by Elvis Costello
169. Exodus (1977) by Bob Marley & The Wailers
170. Live At Leeds (1970) by The Who
171. The Notorious Byrd Brothers (1968) by The Byrds
172. Every Picture Tells A Story (1971) by Rod Stewart
173. Something/Anything? (1972) by Todd Rundgren
174. Desire (1976) by Bob Dylan
175. Close To You (1970) by Carpenters

176. Rocks (1976) by Aerosmith
177. One Nation Under A Groove (1978) by Parliament/Funkadelic
178. The Anthology 1961 - 1977 (1992) by Curtis Mayfield And The Impressions
179. The Definitive Collection (2001) by ABBA
180. The Rolling Stones Now! (1965) by The Rolling Stones
181. Natty Dread (1974) by Bob Marley & The Wailers & The Wailers
182. Fleetwood Mac (1975) by Fleetwood Mac
183. Red Headed Stranger (1975) by Willie Nelson
184. The Immaculate Collection (1990) by Madonna
185. The Stooges (1969) by The Stooges
186. Fresh (1973) by Sly & The Family Stone
187. So (1986) by Peter Gabriel
188. Buffalo Springfield Again (1967) by Buffalo Springfield
189. Happy Trails (1969) by Quicksilver Messenger Service
190. From Elvis In Memphis (1969) by Elvis Presley
191. Fun House (1970) by The Stooges
192. The Gilded Palace Of Sin (1969) by The Flying Burrito Brothers
193. Dookie (1994) by Green Day
194. Transformer (1972) by Lou Reed
195. Blues Breakers With Eric Clapton (1966) by John Mayall
196. Nuggets: Original Artyfacts From The First Psychedelic Era, 1965-1968 (1972) by Various Artists
197. Murmur (1983) by R.E.M
198. The Best Of (1964) by Little Walter
199. Is This It (2001) by The Strokes
200. Highway To Hell (1979) by AC/DC

201. The Downward Spiral (1994) by Nine Inch Nails
202. Parsley, Sage, Rosemary And Thyme (1966) by Simon And Garfunkel
203. Bad (1987) by Michael Jackson
204. Modern Times (2006) by Bob Dylan
205. Wheels Of Fire (1968) by Cream
206. Dirty Mind (1980) by Prince
207. Abraxas (1970) by Santana
208. Tea For The Tillerman (1970) by Cat Stevens
209. Ten (1991) by Pearl Jam
210. Everybody Knows This Is Nowhere (1969) by Neil Young & Crazy Horse
211. Wish You Were Here (1975) by Pink Floyd
212. Crooked Rain, Crooked Rain (1994) by Pavement
213. Tattoo You (1981) by The Rolling Stones
214. Proud Mary: The Best Of Ike And Tina Turner (1991) by Ike And Tina Turner
215. New York Dolls (1973) by New York Dolls
216. Go Bo Diddley (1959) by Bo Diddley
217. Two Steps From The Blues (1961) by Bobby Bland
218. The Queen Is Dead (1986) by The Smiths
219. Licensed To Ill (1986) by Beastie Boys
220. Look-Ka Py Py (1969) by The Meters
221. Loveless (1991) by My Bloody Valentine
222. New Orleans Piano (1972) by Professor Longhair
223. War (1983) by U2
224. The Neil Diamond Collection (1999) by Neil Diamond
225. American Idiot (2004) by Green Day

226. Nebraska (1982) by Bruce Springsteen
227. Doolittle (1989) by Pixies
228. Paid In Full (1987) by Eric B. And Rakim
229. Toys In The Attic (1975) by Aerosmith
230. Nick Of Time (1989) by Bonnie Raitt
231. A Night At The Opera (1975) by Queen
232. The Kink Kronikles (1972) by The Kinks
233. Mr. Tambourine Man (1965) by The Byrds
234. Bookends (1968) by Simon And Garfunkel
235. The Ultimate Collection (2000) by Patsy Cline
236. Mr. Excitement! (1992) by Jackie Wilson
237. The Who Sings My Generation (1965) by The Who
238. Howlin' Wolf (1962) by Howlin' Wolf
239. Like A Prayer (1989) by Madonna
240. Can't Buy A Thrill (1972) by Steely Dan
241. Let It Be (1984) by The Replacements
242. Run-DMC (1984) by Run-DMC
243. Black Sabbath (1970) by Black Sabbath
244. The Marshall Mathers LP (2000) by Eminem
245. The Jerry Lee Lewis Anthology: All Killer No Filler! (1993) by Jerry Lee Lewis
246. Freak Out! (1966) by The Mothers Of Invention
247. Live Dead (1969) by Grateful Dead
248. The Shape Of Jazz To Come (1959) by Ornette Coleman
249. Automatic For The People (1992) by R.E.M
250. Reasonable Doubt (1996) by Jay-Z

251. Low (1977) by David Bowie
252. The Blueprint (2001) by Jay-Z
253. The River (1980) by Bruce Springsteen
254. Complete & Unbelievable: The Otis Redding Dictionary Of Soul (1966) by Otis Redding
255. Metallica (1991) by Metallica
256. Trans-Europe Express (1977) by Kraftwerk
257. Whitney Houston (1985) by Whitney Houston
258. The Kinks Are The Village Green Preservation Society (1968) by The Kinks
259. The Velvet Rope (1997) by Janet Jackson
260. Stardust (1978) by Willie Nelson
261. American Beauty (1970) by Grateful Dead
262. Crosby, Stills & Nash (1969) by Crosby, Stills & Nash
263. Tracy Chapman (1988) by Tracy Chapman
264. Workingman's Dead (1970) by Grateful Dead
265. The Genius Of Ray Charles (1959) by Ray Charles
266. Child Is Father To The Man (1968) by Blood, Sweat & Tears
267. Quadrophenia (1973) by The Who
268. Paul Simon (1972) by Paul Simon
269. Psycho Candy (1985) by The Jesus And Mary Chain
270. Some Girls (1978) by The Rolling Stones
271. The Beach Boys Today! (1965) by The Beach Boys
272. Dig Me Out (1997) by Sleater-Kinney
273. Going To A Go-Go (1965) by Smokey Robinson And The Miracles
274. Nightbirds (1974) by Labelle
275. The Slim Shady LP (1999) by Eminem

276. Mothership Connection (1975) by Parliament
277. Rhythm Nation 1814 (1989) by Janet Jackson
278. Anthology Of American Folk Music (1952) by Various Artists
279. Aladdin Sane (1973) by David Bowie
280. All That You Can't Leave Behind (2000) by U2
281. My Life (1994) by Mary J. Blige
282. Folk Singer (1964) by Muddy Waters
283. Can't Get Enough (1974) by Barry White
284. The Cars (1978) by The Cars
285. Music Of My Mind (1972) by Stevie Wonder
286. I'm Still In Love With You (1972) by Al Green
287. Los Angeles (1980) by X
288. Anthem Of The Sun (1968) by Grateful Dead
289. Something Else By The Kinks (1967) by The Kinks
290. Call Me (1973) by Al Green
291. Talking Heads: 77 (1977) by Talking Heads
292. The Basement Tapes (1975) by Bob Dylan And The Band
293. White Light/White Heat (1968) by The Velvet Underground
294. Kick Out The Jams (1969) by MC5
295. Songs Of Love And Hate (1971) by Leonard Cohen
296. Meat Is Murder (1985) by The Smiths
297. We're Only In It For The Money (1968) by The Mothers Of Invention
298. The College Dropout (2004) by Kanye West
299. Weezer ("The Blue Album") (1994) by Weezer
300. Master Of Reality (1971) by Black Sabbath

301. Coat Of Many Colors (1971) by Dolly Parton
302. Fear Of A Black Planet (1990) by Public Enemy
303. John Wesley Harding (1967) by Bob Dylan
304. Grace (1994) by Jeff Buckley
305. Car Wheels On A Gravel Road (1998) by Lucinda Williams
306. Odelay (1996) by Beck
307. A Hard Day's Night (1964) by The Beatles
308. Songs For Swingin' Lovers (1956) by Frank Sinatra
309. Willy And The Poor Boys (1969) by Creedence Clearwater Revival
310. Blood Sugar Sex Magik (1991) by Red Hot Chili Peppers
311. The Sun Records Collection (1994) by Various Artists
312. Nothing's Shocking (1988) by Jane's Addiction
313. Unplugged In New York (1994) by Nirvana
314. The Miseducation Of Lauryn Hill (1998) by Lauryn Hill
315. Damn The Torpedoes (1979) by Tom Petty And The Heartbreakers
316. The Velvet Underground (1969) by The Velvet Underground
317. Surfer Rosa (1988) by Pixies
318. Back Stabbers (1972) by The O'Jays
319. Burnin' (1973) by Bob Marley & The Wailers & The Wailers
320. Amnesiac (2001) by Radiohead
321. Pink Moon (1972) by Nick Drake
322. Sail Away (1972) by Randy Newman
323. Ghost In The Machine (1981) by The Police
324. Station To Station (1976) by David Bowie
325. Slowhand (1977) by Eric Clapton

326. Disintegration (1989) by The Cure
327. Exile In Guyville (1993) by Liz Phair
328. Daydream Nation (1988) by Sonic Youth
329. In The Jungle Groove (1986) by James Brown
330. Tonight's The Night (1975) by Neil Young
331. Help! (1965) by The Beatles
332. Shoot Out The Lights (1982) by Richard & Linda Thompson
333. Wild Gift (1981) by X
334. Squeezing Out Sparks (1979) by Graham Parker
335. Superunknown (1994) by Soundgarden
336. In Rainbows (2007) by Radiohead
337. Aqualung (1971) by Jethro Tull
338. Cheap Thrills (1968) by Big Brother And The Holding Company
339. The Heart Of Saturday Night (1974) by Tom Waits
340. Damaged (1981) by Black Flag
341. Play (1999) by Moby
342. Violator (1990) by Depeche Mode
343. Bat Out Of Hell (1977) by Meat Loaf
344. Berlin (1973) by Lou Reed
345. Stop Making Sense (1984) by Talking Heads
346. 3 Feet High And Rising (1989) by De La Soul
347. The Piper At The Gates Of Dawn (1967) by Pink Floyd
348. At Newport 1960 (1960) by Muddy Waters
349. The Black Album (2003) by Jay-Z
350. Roger The Engineer (1966) by The Yardbirds

351. Rust Never Sleeps (1979) by Neil Young & Crazy Horse
352. Brothers In Arms (1985) by Dire Straits
353. My Beautiful Dark Twisted Fantasy (2010) by Kanye West
354. 52nd Street (1978) by Billy Joel
355. Having A Rave Up With The Yardbirds (1965) by The Yardbirds
356. 12 Songs (1970) by Randy Newman
357. Between The Buttons (1967) by The Rolling Stones
358. Sketches Of Spain (1960) by Miles Davis
359. Honky Chateau (1972) by Elton John
360. Singles Going Steady (1979) by Buzzcocks
361. Stankonia (2000) by OutKast
362. Siamese Dream (1993) by Smashing Pumpkins
363. Substance (1987) by New Order
364. L.A. Woman (1971) by The Doors
365. Rage Against The Machine (1992) by Rage Against The Machine
366. American Recordings (1994) by Johnny Cash
367. Ray Of Light (1998) by Madonna
368. Eagles (1972) by Eagles
369. Louder Than Bombs (1987) by The Smiths
370. Mott (1973) by Mott The Hoople
371. Whatever People Say I Am, That's What I'm Not (2006) by Arctic Monkeys
372. Reggatta De Blanc (1979) by The Police
373. Volunteers (1969) by Jefferson Airplane
374.Siren (1975) by Roxy Music
375. Late For The Sky (1974) by Jackson Browne

376. Post (1995) by Björk
377. The Ultimate Collection (1948 - 1990) (1991) by John Lee Hooker
378. (What's The Story) Morning Glory? (1995) by Oasis
379. CrazySexyCool (1994) by TLC
380. Funky Kingston (1973) by Toots And The Maytals
381. The Smile Sessions (2011) by The Beach Boys
382. Modern Lovers (1976) by Modern Lovers
383. More Songs About Buildings And Food (1978) by Talking Heads
384. A Quick One (Happy Jack) (1966) by The Who
385. Love And Theft (2001) by Bob Dylan
386. Pretzel Logic (1974) by Steely Dan
387. Enter The Wu-Tang: 36 Chambers (1993) by Wu-Tang Clan
388. The Indestructible Beat Of Soweto (1985) by Various Artists
389. The End Of The Innocence (1989) by Don Henley
390. Elephant (2003) by The White Stripes
391. The Pretender (1976) by Jackson Browne
392. Let It Be (1970) by The Beatles
393. Kala (2007) by M.I.A
394. Good Old Boys (1974) by Randy Newman
395. Sound Of Silver (2007) by LCD Soundsystem
396. For Your Pleasure (1973) by Roxy Music
397. Blue Lines (1991) by Massive Attack
398. Eliminator (1983) by ZZ Top
399. Rain Dogs (1985) by Tom Waits
400. Anthology (1973) by The Temptations

401. Californication (1999) by Red Hot Chili Peppers
402. Illmatic (1994) by Nas
403. (Pronounced Leh-Nerd Skin-Nerd) (1973) by Lynyrd Skynyrd
404. Dr. John's Gumbo (1972) by Dr. John
405. Radio City (1974) by Big Star
406. Rid Of Me (1993) by PJ Harvey
407. Sandinista! (1980) by The Clash
408. I Do Not Want What I Haven't Got (1990) by Sinead O'Connor
409. Strange Days (1967) by The Doors
410. Time Out Of Mind (1997) by Bob Dylan
411. 461 Ocean Boulevard (1974) by Eric Clapton
412. Pink Flag (1977) by Wire
413. Double Nickels On The Dime (1984) by Minutemen
414. Beauty And The Beat (1981) by Go-Go's
415. Van Halen (1978) by Van Halen
416. Mule Variations (1999) by Tom Waits
417. Boy (1980) by U2
418. Band On The Run (1973) by Wings
419. Dummy (1994) by Portishead
420. The "Chirping" Crickets (1957) by Buddy Holly
421. The Best Of The Girl Groups, Volumes 1 And 2 (1990) by Various Artists
422. Presenting The Fabulous Ronettes Featuring Veronica (1964) by The Ronettes
423. Anthology (1974) by The Supremes
424. The Rising (2002) by Bruce Springsteen
425. Grievous Angel (1974) by Gram Parsons

426. At Budokan (1978) by Cheap Trick
427. Sleepless (2002) by Peter Wolf
428. Outlandos D'Amour (1978) by The Police
429. Another Green World (1975) by Brian Eno
430. Vampire Weekend (2008) by Vampire Weekend
431. Stories From The City, Stories From The Sea (2000) by PJ Harvey
432. Here Come The Warm Jets (1973) by Brian Eno
433. All Things Must Pass (1970) by George Harrison
434. Number 1 Record (1972) by Big Star
435. In Utero (1993) by Nirvana
436. Sea Change (2002) by Beck
437. Tha Carter III (2008) by Lil Wayne
438. Boys Don't Cry (1980) by The Cure
439. Live At The Harlem Square Club, 1963 (1985) by Sam Cooke
440. Rum Sodomy And The Lash (1985) by The Pogues
441. Suicide (1977) by Suicide
442. Q: Are We Not Men? A: We Are Devo! (1978) by Devo
443. In Color (1977) by Cheap Trick
444. The World Is A Ghetto (1972) by War
445. Fly Like An Eagle (1976) by Steve Miller Band
446. Back In The USA (1970) by MC5
447. Getz/Gilberto (1964) by Stan Getz And Joao Gilberto Featuring Antonio Carlos Jobim
448. Synchronicity (1983) by The Police
449. Third/Sister Lovers (1978) by Big Star
450. For Everyman (1973) by Jackson Browne

451. Back To Black (2006) by Amy Winehouse
452. John Prine (1971) by John Prine
453. Strictly Business (1988) by EPMD
454. Love It To Death (1971) by Alice Cooper
455. How Will The Wolf Survive? (1984) by Los Lobos
456. Here, My Dear (1978) by Marvin Gaye
457. Z (2005) by My Morning Jacket
458. Tumbleweed Connection (1970) by Elton John
459. Golden Hits (1968) by The Drifters
460. Live Through This (1994) by Hole
461. Metal Box (1979) by Public Image Ltd
462. Document (1987) by R.E.M
463. Heaven Up Here (1981) by Echo & The Bunnymen
464. Hysteria (1987) by Def Leppard
465. 69 Love Songs (1999) by The Magnetic Fields
466. A Rush Of Blood To The Head (2002) by Coldplay
467. Tunnel Of Love (1987) by Bruce Springsteen
468. The Paul Butterfield Blues Band (1965) by The Paul Butterfield Blues Band
469. The Score (1996) by Fugees
470. Radio (1985) by LL Cool J
471. I Want To See The Bright Lights Tonight (1974) by Richard & Linda Thompson
472. Faith (1987) by George Michael
473. The Smiths (1984) by The Smiths
474. Proxima Estacion Esperanza (2001) by Manu Chao
475. Armed Forces (1979) by Elvis Costello And The Attractions

476. Life After Death (1997) by The Notorious B.I.G
477. Down Every Road (1996) by Merle Haggard
478. All Time Greatest Hits (2002) by Loretta Lynn
479. Maggot Brain (1971) by Funkadelic
480. Only Built 4 Cuban Linx (1994) by Raekwon
481. Voodoo (2000) by D'Angelo
482. Guitar Town (1986) by Steve Earle
483. Entertainment! (1979) by Gang Of Four
484. All The Young Dudes (1972) by Mott The Hoople
485. Vitalogy (1994) by Pearl Jam
486. That's The Way Of The World (1975) by Earth, Wind & Fire
487. She's So Unusual (1983) by Cyndi Lauper
488. New Day Rising (1985) by Hüsker Dü
489. Destroyer (1976) by Kiss
490. Tres Hombres (1973) by ZZ Top
491. Born Under A Bad Sign (1967) by Albert King
492. Touch (1983) by Eurythmics
493. Yankee Hotel Foxtrot (2001) by Wilco
494. Oracular Spectacular (2007) by Mgmt
495. Give It Up (1972) by Bonnie Raitt
496. Boz Scaggs (1969) by Boz Scaggs
497. White Blood Cells (2001) by The White Stripes
498. The Stone Roses (1989) by The Stone Roses
499. Live In Cook County Jail (1971) by B.B. King
500. Aquemini (1998) by Outkast

Best Trance CDs: 2018 edition

1.
Renaissance Master Series: Parallel


< br/> 2. Renaissance - The Masters Series - Part 13 < br/>
3. Global Underground: Reykjavik


5. Nick Warren - Global Underground : Shanghai
 

6. Renaissance Awakening Mixed By Dave Seaman



7. Hernan Cattaneo Balance 026



8. Hernan Cattaneo Balance Presents Sudbeat


9. 


9. Armin Van Buuren - Universal Religion 2004



10. Sasha - John Digweed Northern Exposure III



11. Sasha and John Digweed - Northern Exposure II West/East Coast Edition




12. Sasha - Involver



13. Sasha - Global Underground 013: Ibiza



14. Sasha - Global Underground 003 San Francisco



15. Sasha - John Digweed - Northern Exposure



16. Ferry Corsten - Once Upon a Night Vol 2



17. ATB - DJ 6 in the MIx




18. Ferry Corsten - Once Upon a Night




19. Paul Oakenford - The Goa Mix



20. Markus Schulz - Miami '05



21. Markus Schulz - Ibiza '06



22. ATB - DJ In the Mix 2




23. The Thrillseekers - Nightmusic Vol 1



24. ATB - DJ In the Mix



25. The Trillseekers - Nightmusic Vol 2





26. Tiesto - In Search of Sunrise




27. Tiesto - In Search of Sunrise 2




28. Armin Van Buuren - State of Trance 500




29. Armin Van Buuren - State of Trance 550




30. Ferry Corsten - Twice in a Blue Moon



31. Tiesto - Magik 6 - Live in Amsterdam



32. Teisto - In Search of Sunrise 3



33. The Trillseekers - Nightmusic Vol 3




34. ATB DJ 3 in the Mix




35. Dash Berlin - United Destination 2011




36. Dash Berlin - United Destination 2010




37. Sasha - Airdrawndagger



38. Ferry Corsten – Live At Innercity




39. Markus Schulz - Toronto '09



40. Markus Schulz - Amsterdam '08




41. Ferry Corsten - Once Upon A Night - The Lost Tapes




42. Paul Oakenford - The Goa Mix 2011



43. ATB - DJ 5 in the Mix



44. Armin Van Buuren - Universal Religion 4




45. Armin Van Buuren - Universal Religion 3



46. Armin Van Buuren - Universal Religion Chapter 1



47. BT -ESCM



48. Markus Schulz - Las Vegas '10



49. Teisto - In Search of Sunrise 7





Getting more trance cds? Best bet is by collecting Armin Van Buuren's State of Trance annually.

50. DJ Teisto - Live at Innercity




51. Paul Oakenfold - Tranceport




52. Ferry Corsten - Right of Way




53. ATB - DJ 4 in the Mix




54. Ferry Corsten - Once Upon a Night Vol 3

55. Teisto - In Search of Sunrise 6




56. Sasha - In2volver





~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

State of Trance Classic CDs

1. State of Trance Classics Vol. 4



2. State of Trance Classics Vol. 2



3. State of Trance Classics Vol. 1



4. State of Trance Classics Vol. 6



5. State of Trance Classics Vol. 5



6. State of Trance Classics Vol. 3