And that's just the good news...
by Adam J. Kovitz
When all else around us seems to be spiraling out of our control, just knowing what can never be taken away is, indeed, good news.
Schrödinger's (U.S. Debt Negotiations) Cat-astrophe
How many politicians does it take to raise a debt ceiling?
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by Adam J. Kovitz
Anyone watching the news these days may need to take some powerful anti-depressants before doing so...just look at some of the recent headlines:
1.) Dow plunges 630 points after S&P downgrade
2.) Oil Prices Slide
3.) Jobs: Worse than you think
4.) VIX fear index soars again
When things appear to be this bad either for real or for hype's sake, I can't help but respond to this with..."and that's just the good news..."
A lot of fear, sensationalism and knee-jerk reactions have caused much of the panic contained in these headlines due to one of the three major credit ratings agencies (Standard & Poor's) downgrading the long-time pristine credit rating of the U.S.A from "AAA" (the best) to "AA+" (the next best).
I find it funny (and not always in a good way) that one company making a decision based upon some statistic-fueled voodoo would have such an impact on our financial system. Judgement was passed and the U.S. economy got slapped in the face for being irresponsible. Not that the U.S. didn't deserve it, or anything.
That's the funny thing about money - it can always be taken away. And when money is taken away or limited, fear and panic often set in.
As entrepreneurs who spend every day obsessing over raising and protecting our own capital, I feel that we must always remember that there are a number of crucial things that no one can ever take away from us:
1.) What we know (Intellectual Capital)
2.) Who we know (Relationship Capital)
1.) Dow plunges 630 points after S&P downgrade
2.) Oil Prices Slide
3.) Jobs: Worse than you think
4.) VIX fear index soars again
When things appear to be this bad either for real or for hype's sake, I can't help but respond to this with..."and that's just the good news..."
A lot of fear, sensationalism and knee-jerk reactions have caused much of the panic contained in these headlines due to one of the three major credit ratings agencies (Standard & Poor's) downgrading the long-time pristine credit rating of the U.S.A from "AAA" (the best) to "AA+" (the next best).
I find it funny (and not always in a good way) that one company making a decision based upon some statistic-fueled voodoo would have such an impact on our financial system. Judgement was passed and the U.S. economy got slapped in the face for being irresponsible. Not that the U.S. didn't deserve it, or anything.
That's the funny thing about money - it can always be taken away. And when money is taken away or limited, fear and panic often set in.
As entrepreneurs who spend every day obsessing over raising and protecting our own capital, I feel that we must always remember that there are a number of crucial things that no one can ever take away from us:
1.) What we know (Intellectual Capital)
2.) Who we know (Relationship Capital)
3.) Our positive attitude (only we have the power to change it, despite what happens to our cash flow)
4.) Our sense of humor.When all else around us seems to be spiraling out of our control, just knowing what can never be taken away is, indeed, good news.
All my best,
Adam
Recent Articles:
Schrödinger's (U.S. Debt Negotiations) Cat-astrophe
How many politicians does it take to raise a debt ceiling?
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