Wednesday, February 10, 2010

The Perfect Fried Egg

The Epicurean philosophy urges one to have a simple life, but also enjoy some of fine things the world offers. That attitude reminds me of an interview I saw around four decades ago of Jack Benny. Jack Benny was a great comedian from the vaudeville era thru the radio era and then thru the early years of television. He had traveled around the nation entertaining and had eaten at many small and large establishments. In his travels he enjoyed finding places that had the best offerings of simple foods. In the interview he talked awhile about a diner or small restaurant somewhere in the Mid West that served the best ham and eggs he had ever eaten . His delivery was exquisite. What in prose might seem bland could be hilarious when Jack Benny said it.

This example shows us that "fine" need not be expensive. One can create foods that look and taste marvelously without spending a C note. The World's Finest Martini recipe posted here does that for cocktails. Yesterday I made what I like to call The Perfect Fried Egg. This is not the world's best. I might have claimed that once, but on a train tour of Scotland on The Royal Scotsman a few years ago I had a couple fried eggs that were so tasty I have to forego claiming I can top them.

Start with the best eggs you can find. I use fresh eggs from a local farm laid by happy, free range chickens fed with organic feeds. (I think this is where the Scottish eggs have the advantage.). Spray your skillet with Pam or some antistick spray. Put some olive oil (extra virgin !) in the pan and set the heat at about medium.

Test the temperature by putting a drop of cold water into the oil. When it pops vigorously, the oil is at the correct temperature. Crack the eggshells one at a time and put the eggs into the oil. This takes a bit of practice and requires a good wrist action for a clean crack. Sprinkle some black pepper on them. Now wait.

When the white is not quite fully cooked, carefully flip the eggs over. Start counting off seconds once the first egg has been flipped. In my "humble" opinion [;)], over medium is the best. The yolk is cooked to being mostly thick, but only very slightly solid. This required 35 seconds being "over", no more, no less.

When 35 seconds have elapsed, take out the first egg flipped and put it onto your plate, then take the second egg out. VoilĂ  ! You now have two Perfect Fried Eggs.

By the way, the perfection is in the manner and result of the frying. If you have better eggs, you'll beat mine. And it's a matter of taste. If you really like runny or solid eggs, you might think these substandard. But as for your taste ... I can't possibly comment. ;-)

Markets

A good rally. I wonder if this in an intermediate bottom. Those Krypto Fund asset allocations to stocks have been a good sign of that in the past. The sellers seem to have dried up and few sellers were uncovered lower on recent probes. But then, the question is, What to buy ? I have few ideas now. I need to do some research.

Word of the Day

"Ipsedixit" - noun [$10]
Ipsedixit means an assertion made but not proven.
Sentence: These ipsedixits that I make for my recipes, such as The World's Finest Martini and The Perfect Fried Egg, are done facetiously to provoke thought and comment.

52 comments:

Frosty said...

Bunky...I fail to see why you don't like GS at 4-5x forward...you think they are on the wrong side of the trade...they pounding ggeezzzyyy darkmeat like merny on spring break.

Bunkerman said...

what will the business of GS be after Congress is done ?

They are a hedge fund - make most of their money trading againt their customers. They could lose all that.

Bunkerman said...

For JPM, that part is much less.

Spin-em said...

you think they use Paaaaammm on The Royal Scotsman???..2 oils??come on Bunk..that's Bush league...youre better than that..lol

Spin-em said...

that even made Big Al weepy.. waaaay to go..hope ur happy..lol

Bunkerman said...

oh, I've noticed there is more chance of sticking if I don't spray teh Pam (Olive Oil version). If they stick, the yoke might break on the flip.

I suppose if I put more olive oil in, that risk would go away.

I'd guess they use fresh butter on the Royal Scotsman. But ... I save my butter ration for when I can taste it directly.

Bunkerman said...

my skillet is NOT a non-stick skillet.

Bunkerman said...

how's the snow, sunboy ? It's just starting lightly here.

Spin-em said...

less heat with ur olive oil big fella..no stick..will have them yodeling BUNK #1!!!..lool

4/5 already geesh

Bunkerman said...

I think the higher heat adds a bit to the flavor - the egg is fried, not poached.

;-)

Bunkerman said...

I used to use a lower heat, changed last few months.

Spin-em said...

loool you were right Big Al.....Mr Owl....pisser

Bunkerman said...

ooops left out a step ... sprinkle some black pepper on them when you first put them in the skillet.

Fixed it.

Frosty said...

eggman "kookookachoo"...has volker picked a best man or will you be relagated to Usher sir...."I'm losin my mind, cant figure out who's wrong or right"

Bunkerman said...

I get the impression that talks are going on behind the scenes re a unified bank regulation and tax between US, UK and Europe..

Frosty said...

thanks Bunky...your pal paul seems doa indeed...tighter lever rules, 15x I can see that...tax and nono prop trading, that is a tough one.

GS say prop goes, that's 10%, tax say 2% and lever to 15% (think their already there) still not getting a PE greater than 7-8...off cousre if your heros in DC fumble, all bets off.

Bunkerman said...

prop trading is most of their profits ... PE goes to the moon.

Bunkerman said...

GS is worth book value. Period.

Bunkerman said...

that's why maybe JPM is a good play.

Bunkerman said...

maybe you should take your temperature, frosty. Sounds like you have buck fever.

Frosty said...

"prop trading is most of their profits"...do tell...are you sure about that.

Spin-em said...

buck fever....your best bunkism..looool

Bunkerman said...

uh frosty ... "Trading and Principal Investments" is 80% of GS revenues. Look at last Q's 10Q

QED.

Frosty said...

trading and pinciple investments...so trading revenue is 10% against the asset book...so no prop trading means they can no longer invest.

Bunkerman said...

sure, they can invest in T-bills, mortgages, repos, etc.

But the return won't be 10%, their spread will be 2-3%.

Their earnings crater without the trading vig.

half the "bank" vaporizes; takes the New Haven line to a hedge fund in CT or drive a few miles to work if they already live there.

mfl59 said...

Has anyone ever seen Bob and Lloyd Blankfein at the same time?

Frosty said...

appreciate your words of caution..."buck fever"...respect indeed...under $149 trap door opens to $125, nonono going down with the ship.

Frosty said...

not to bust yer balls, which I luv to do...buying eruotrash ETF and avoiding GS and JPM sends the message loud and clear where you believe the risk to be.

mfl59 said...

"Long live Europe! Long Live Europe"

Ole ole ole ole....ole.....ole...

Bunkerman said...

lolol

hmmm ... maybe my subconscious fears got me to learn all these langauges.

re VGK, uh .. consider what happend to it if the euro rallies strongly ... euro up, stocks up, VGK double barrel boomer.

perhaps Krypto knows more ...

Bunkerman said...

I'd like - luv - to buy JPM.

But ... that crappy dividend bugs me.

At some price soon I won't be able to resist it anyway.

Bud said...

good afternoon Bman !!!!!!!!!!!!!!!



uhhhh......what the F is so special about those fried eggs??.............that's how i fry'em............and i presume everyone else does too

Bud said...

what a bunch of thumping tosh on GS by the Bman


GS the smartest guys on the planet..............their roster full of beefer U and MIT grads.......

prop trading ain't ending...........and if it does.............i gonna need to live in the Bman's bunker...............cuz that means armageddon is here

mfl59 said...

Bunkerman what did you say your max deadlift was?

Spin-em said...

(would it have killed ya to say "sorry bunk"...ya selfish douche?...just thought Id put that out there

Bunkerman said...

well, Bud ... do you do the 35 second countdown to "take-off" ?

Bunkerman said...

I expermented quite awhile to perfect that.

sheesh

Bunkerman said...

DL - 500

Spin-em said...

and the pepper..dont forget about the pepper......

Bunkerman said...

If you make perfect fried eggs, too, Bud, good job.

To me it seems like a short time for the flip to get the yoke viscosity right. Too short, l;ike 30 sec. is too runny; too long and it gets solid.

35 sec. is just right.

Like one of Aristotle's virtures - a point of excelence betwen tow extremes.

Bunkerman said...

lolol, yup the pepper.

Bunkerman said...

hey Sun Boy - have you ever tried to fry eggs with solar power ?

Lile on a piece of hot metal in the Sun ?

I wonder if that ever works ?

[doubt it]

Bud said...

Bman do you think the EU will be around in 12months ??


will the Euro be a currency in 2 years ??


'franz ferdinand'

Bunkerman said...

yes, I've said yes to that before.

If they could survive 2008 and 2009 and not split up, they'll work it out.

My views were changed by how they pulled together last year. I expected them to have trouble doing that. But they did it & proved they could handle a crisis.

Bunkerman said...

It's really the big core group that matters: Germany, France, Poland, Italy, UK. Maybe Spain.

The others can come or go - won't matter. They'll try to stay unless some revolution happens.

Bunkerman said...

uh ... notice which languages I'm learning.

;-)

Frosty said...

Sal...did you people team with dr evil in the development of a weather war machine sir.

Bunkerman said...

what the F is so special about those fried eggs??.............

Bud, do the words, "facetious ipsedixit" mean anything to you ? I suppose not - see "Word of the Day"

;-)

mfl59 said...

Perhaps you need to learn Russian and Chinese sir...

Spin-em said...

looooooooooool......careful "Bob"..Liz doesnt like you to be so mean to azzhead....even though he whispered to me he was a "jerk"...

Spin-em said...

sorry.."private message" cuz Liz knows "jim" can read "whispers"

Bunkerman said...

nfw .. had some Russian at Beefer U (2 years). the different alphabet makes it a poor investment of time.

Ditto Chinese: tones & alphabet.

Anyway, both nations have little culture worth learning.