The Purpose of This Blog
The following quote by my favorite non-fiction writer, Malcolm Gladwell, best explains why I established the Cara Community.
“IQ is a measure, to some degree, of innate ability. But social savvy is knowledge. It’s a set of skills that have to be learned. It has to come from somewhere, and the place where we seem to get these kinds of attitudes and skills is from our families.” ― Malcolm Gladwell, Outliers: The Story of Success
In helping one another around the world, we become a family, a community with a purpose. Market savviness (i.e., a practical understanding of capital markets) is the purpose of this blog and its contained discourse among members of our community.
Other quotes from Gladwell:
“Nothing frustrates me more than someone who reads something of mine or anyone else’s and says, angrily, ‘I don’t buy it.’ Why are they angry? Good writing does not succeed or fail on the strength of its ability to persuade. It succeeds or fails on the strength of its ability to engage you, to make you think, to give you a glimpse into someone else’s head—even if in the end you conclude that someone else’s head is not a place you’d really like to be.”
― Malcolm Gladwell, What the Dog Saw and Other Adventures
None of us has all the answers; but all of us are welcome to participate.
“When people in authority want the rest of us to behave, it matters—first and foremost—how they behave.”
― Malcolm Gladwell, David and Goliath: Underdogs, Misfits, and the Art of Battling Giants
Every day we see examples of bad behavior from persons in the highest levels of authority. This is the primary reason why society is breaking down.
“To a worm in horseradish, the world is horseradish.”
― Malcolm Gladwell, What the Dog Saw and Other Adventures
Those who control the money of the world, the central bankers and bankers, look upon us as worms and tell us that capital markets are horseradish. As owners of capital, our community knows better.
Today in markets, macro-economics was the driver of higher prices. The Bureau of Economic Analysis (BEA) of the US Department of Commerce revised 2Q2015 upward from an annualized economic growth rate of +3.70% to +3.92%. That announcement popped market prices by about +1% on the day.
Rick Davis of the Consumer Metrics Institute has an informative analysis. He concludes: “ A significant portion of the “solid growth” in this headline number could be the result of understated BEA inflation data. Using deflators from the BLS results in a more modest 2.61% growth rate. And using deflators from the Billion Prices Project results in an even lower growth rate, at 1.94%.”
http://www.consumerindexes.com/2015-09-25_commentary.html
Life is short. Enjoy your weekend.
Yesterday, I was diagnosed with a minor health issue called Depuytren’s contracture. I need hand surgery in three places. The condition makes typing difficult. But not impossible 🙂
I remain vertical.
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