September, 2011

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Whining About Uncertainty

How many times in the past few months have we heard the pat answer “the job creators aren’t creating jobs due to uncertainty”. This has become a fine “whine” so to speak. The dictionary defines an entrepreneur as” the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits.” So, now we have entrepreneurs (also known as job creators) who want the profits but none of the risk?

Job creation is slow due to one essential fact-global demand is insufficient right now to cause businesses to hire. Of course, entrepreneurs are using their business acumen and initiative to try to gain an upper hand while h economy is slow. “Lower my taxes permanently, lower my risks, give me certainty”. You don’t get a risk premium on your investment without the risk, entrepreneurs.   It has always worked that way and it always should.

Time to chill a bit?

Market volatility is driving investors crazy, everyone seems
unhappy with almost everything (government, Wall Street, you name it). It is
enough to make me think people need to take a deep breath, exhale, and pause
for a moment.

We did not name our business Capstone by random assignment
or dart throwing. A capstone is a crowning achievement, a finishing touch if
you will.  If you
have carved out a meaningful life, our belief was that careful management of
your assets could improve your life (expanding your freedom and allowing you
time to allot to chosen goals).

It seems like people in the U.S. are currently concerned
only about jobs, money, taxes, and real estate. These are not the items which
comprise a meaningful life in and of themselves. The World Database of
shows the United States ranked 20th in happiness.  The World Health Organization ranks us 37th
in health care. We rank 14th in education, according to a recent
OECD study. We are at best in the middle of the pack for homicide rates around
the world.


Shouldn’t we put some of our focus on improving these areas?
Wouldn’t that help us lead more satisfying and meaningful lives? There is still
a lot of wealth in our country and a pretty decent standard of living compared
to most around the globe. Perhaps a deep breath and a grateful nod to our
abundance could be useful every once in a while?