Search
Categories
- June 16th 2014June 25, 2014No replies
- July 2, 2014July 2, 2014No replies
- July 8, 2014July 8, 2014No replies
- July 15, 2014July 15, 2014No replies
- July 31, 2014August 1, 2014No replies
- August 5, 2014August 5, 2014No replies
- August 12, 2014August 12, 2014No replies
- August 19, 2014August 19, 2014No replies
- September 9, 2014September 9, 2014No replies
- September 16, 2014September 16, 2014No replies
The Markets
Keep Calm and Carry On.
The slogan comes from a United Kingdom Ministry of Information propaganda poster designed to boost morale if the United Kingdom was invaded during World War II. Despite its current popularity, the poster was never distributed.
The slogan offers some sound advice for anyone who was unnerved by last week’s stock market volatility. During these periods I review your account and make edits if the conditions warrant it.
Secondly, always keep in mind markets move in both directions and it’s the nature of being in the market. Many in the mass media and web sites often elevate people’s emotions with scary and erroneous predictions so try to stay calm and not get caught up with the herd mentality.
Creative Destruction
Collaborative consumption is causing creative destruction! Back in 1942, economist Joseph Schumpeter said creative destruction is the way of the free market. At first, the collaborative or sharing economy was thought to be a response to the Great Recession. Some people needed to reduce costs and others needed to make money, so they found ways to use resources more efficiently by making the most of available time and assets. This is affecting companies in a variety of industries:
Whether you want to provide or consume goods or services – cooking meals or eating them, running errands or having them run, hosting a pet or leaving one behind while you vacation – there is probably someone out there who is willing to share their resources.
Weekly Focus
“Always remember that you are absolutely unique. Just like everyone else.”
-Margaret Mead, American cultural anthropologist
The above featured image is held in the public domain.