Random Thoughts: The Critters Turn Six!
Seeking clarity on a long, uncertain road.
Greetings from MVHQ where men are men and sheep are nervous.
Before we chew through the nuts and guts, I must take a moment to wish Minyanville a Happy Birthday.Six years ago yesterday, Hoofy and Boo set forth on a mission of financial intelligence and infotainment.
It's been a wild ride with twists and turns and we've arrived at a time when the need to know-to understand, to absorb-has never been more acute.I would be remiss if I didn't begin today's missive with a shout out to the entire Minyanville community for fighting the good fight and daring to dream.
If you cut a tree in half, the rings grow from the core and become larger with time.
Our Circle of Trust begins with the management and staff at MVHQ, extends to the fantastic professors who unselfishly offer their time and insight and manifest through our Minyanship in over 100 countries.
I offer collective congratulations to all ye faithful with profound gratitude and the sincere belief that we're still in the early innings of our evolution.
From the ABC's to the 401(k)'s, we are affecting positive change through financial understanding and keeping an eye on the greater good.
That is something we can all be proud of.
Now I'm Back to the Lecture at Hand…
I have an "abbreviated" schedule today as I filmed five segments with our friends at Yahoo TechTicker this morning (which will, as always, post to Minyanville throughout the day) and I'm giving a speech at NYU this afternoon.One might wonder why I would step away during such a critical time and I would offer that now, more than ever, is the time to give something back to the leaders of tomorrow.
As such, my written content will be somewhat sparse today as I juggle the struggle and chew through the dew.For newbie Minyans in the midst, I would recommend circling back to several columns this week, including:
Shock & Awe.
Monday Morning Quarterback: Fighting the Good Fight.
Toddo on TV: Time and Price.
A Better Bailout.
Where We Are and Where We're Going.
As you do, please explore the links nestled within those missives. To understand where we are, we must appreciate how we got here and we've got six (count 'em!) years of context at our disposal.
Jeez, it seems like just yesterday I was partying at the Garden for the Police Halloween show. In a blink of an eye, it's October again.
The more things change, the more they stay the same.
I'm still single. I continue to write furiously. The Raiders are again looking for a new coach while unleashing a young talent that will haunt them for years.
Yeah, things are pretty much constant.
Except... I'm more tired.
Societal stress is seeping deeper.
Structural cracks are now becoming evident.
Jeez Louise, didn't anyone pay attention to the writing on the wall?
Were they not paying heed to the seemingly obvious themes?
Why does it take something bad to make us appreciate that we had it good?
I wrote a few weeks ago that while out to eat, I felt like jumping on a table and screaming "Pay attention to what is happening!" but nobody seemed to care and clarity, for many, had yet to arrive.
They care now, after the fact or perhaps before, depending on how A.D.D. our society still is and whether they'll do anything about it.
Remember, it's only a point of recognition if actions are consistent with thoughts.The unintended consequences-plan or no plan-will be profound as we enter a surreal realm in the former free-markets.
As Ruby would say, please keep your right hand up.
While the world is uncertain, certain things will come to bear with the arrival of October.
Mutual fund fiscal year-end arrives at the end of the month.
Hedge fund redemptions will manifest in the coming weeks.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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