An alert reader led me to take an even deeper look at global economics.
Here is what that reader said.
I thought about you and your programs, both when I read this mornings
offering and an introduction to an Arthur Conan Doyle article.
The questions was asked of Doyle: "Was there a Sherlock Holmes in real
life?" He responded: "Most certainly there was," and went on to describe
an eminent physician named Dr. Joseph Bell (1837-1911), Chief Surgeon at
the Royal Infirmary of Edinburgh. Dr. Bell had what was described as. . .
"the most uncanny gift for drawing large inferences from small
observations." Doyle went on to explain that what he applied to the
diagnosis of disease, he (Doyle) applied to the diagnosis of crime." And
here is the crux of Dr. Bell's remarks: "Every good teacher," he
insisted, "if he is to make his men (Hey, remember it was in the 1800's)
good doctors, must get them to cultivate the habit of noticing the little
apparent trifles." This is even more important when there are "large
trifles," as you point out constantly.
Well thank you! But there is more. A basic law of the universe is that “As above, so below”. We can learn so much by looking at the big picture (such as the stars in astrology – I do find that Eastern Jyotish astrology works amazingly well for me to understand more about our own smaller life's events. Or we can look at the smallest stuff (such as one employee in a company) to see a much bigger whole.
Thus we can learn about business and investing from everything, economic data, love, life, even poetry if we just learn to look and connect the dots. We are all one and everything is connected!
With that I'll leave you with some thoughts from Kahlil Gibran one of my favorite poets who wrote about Buying and Selling in his book “The Prophet”
"To you the earth yields her fruit, and you shall not want if you but know how
to fill your hands.
It is in exchanging the gifts of the earth that you shall find abundance and be
satisfied. Yet unless the exchange be in love and kindly justice, it will but
lead some to greed and others to hunger.
When in the market place you toilers of the sea and fields and vineyards meet
the weavers and the potters and the gathers of spices,-
Invoke then the master spirit of the earth, to come into your midst and sanctify
the scales and the reckoning that weighs value against value.
And suffer not the barren-handed to take part in your transaction, who would
sell their words for your labor.
To such men you should say, "Come with us to the field, or go with our brothers
to the sea and cast your net; For the land and the sea shall be bountiful; to
you even as to us."
And if there comes the singers and the dancers and the flute players,- buy of
their gifts also.
For they too are gathers of fruit and frankincense, and that which they bring
though fashioned of dreams, is raiment and food for your soul.
And before you leave the market place, see that no one has gone his way with
For the master spirit of the earth shall not sleep peacefully upon the wind
till the needs of the least of you are satisfied".
Good global business and investing!