Few things inspire new economies better than a good old fashioned business disaster. In fact, even the threat of one is often fodder enough to steer the crowd to wherever those holding the coffers want them to go; usually mouths agape, wallets ajar.
It’s been said that the quickest way to make money at photography is to sell your camera. Well, maybes yes and maybes no – that all depends on the skills and experience of the practitioner, his or her commitment, dedication and willingness to learn, and their openness to new ideas and perspectives. And those are just some of the similarities that photography shares with investing.
Why aren’t we reading more about the accelerating bull trend cited by Barry Ritholtz and Jonathan Krinsky on The Big Picture, and the performance of chemicals and manufacturing as strong underlying indicators of a strengthening US economy on Scott Grannis’s Calafia Beach Pundit, or how best to wipe your financial slate clean for the coming year on Wade Slome’s Investing Caffeine?
If we’ve learned anything about economic forecasts, and their consistent rank and file failure to predict the future, it’s that we shouldn’t follow them with our chequebooks.