bear market
Foraging Ahead
08/April/2009 10:02 Filed in: Weekly
Column
Foraging ahead is probably the best description of
what is happening in the world today. I thought
about forging ahead, but that seems to apply to
just about anything without any specific direction.
In that respect forging ahead is similar to,
“Change you can believe in.” Foraging however
signifies you are looking for something
specifically relating to your subsistence. To some
people that foraging has less vital implications
than to others, but the foraging thought of
providing present and future provisions pretty much
applies to us all.
An article I read recently began with a quotation from some well-known historical economist and it went something like, “We shouldn’t forget that finance adds nothing to the underlying transaction; it is only a facilitator of the commerce.”
The mentor entrepreneur I worked with for many years always asked the question, “What does this new individual bring to the table? If the consensus was that the individual had little to contribute, they were not added to the team.
Putting finance in the context of both thoughts, finance should be the mechanism by which two or more tables facilitate their existence and their growth.
However the way things have developed recently and the utopian path ahead proposed by the US Treasury and the Fed, that statement must be modified to something like, “Forget the tables, forget the people, forget the underlying commerce, it is all about the finance.”
Read More...
An article I read recently began with a quotation from some well-known historical economist and it went something like, “We shouldn’t forget that finance adds nothing to the underlying transaction; it is only a facilitator of the commerce.”
The mentor entrepreneur I worked with for many years always asked the question, “What does this new individual bring to the table? If the consensus was that the individual had little to contribute, they were not added to the team.
Putting finance in the context of both thoughts, finance should be the mechanism by which two or more tables facilitate their existence and their growth.
However the way things have developed recently and the utopian path ahead proposed by the US Treasury and the Fed, that statement must be modified to something like, “Forget the tables, forget the people, forget the underlying commerce, it is all about the finance.”
Read More...