I was intrigued by a note put out by Cornerstone Macro this morning which noted that, “the extreme outcomes pitched last year by various folks have now evolved into a base case scenario for today’s investors.” Recency bias “Organisms that treat threats as more urgent than opportunities have a better chance to survive and reproduce.” Speaking of the Nobel Prize, Daniel Kahneman won it for showing that people respond more forcefully to loss than gain: Finally, I want to remind investors that better or worse typically matters more to markets than good or bad. Another is to highlight why leading indicators are more important than lagging indicators when trying to assess the economic (and market) landscape. One is to caution investors not to dwell on the past and why the most ferocious bears often get the most attention. I want to do several things in this report. I was the final keynote speaker at the Inside ETFs Conference in Hollywood, FL last week and although I wasn’t present for their sessions, there were several notable bears who took the stage before me, generally pointing to the risk we were in the midst of another 2008 (or worse). But remember, there is an apt and famous phrase on Wall Street: “The stock market has called nine of the past five recessions.” Apocalyptic forecasts abound
Notwithstanding the sharp equity market rally late last week, the market has certainly been ringing the alarm bell, with the worst January start to a year since 2009. The recession drumbeat has picked up tempo, which is to be expected given the signal coming from several market-based indicators, the contraction in manufacturing, and the anemic reading on (the lagging) fourth quarter U.S. Better or worse tends to matter more than good or bad.Focus more on leading indicators than lagging indicators.Recession risk is up, but beware of the cacophony of apocalyptic forecasts.Please visit the Preservation Awards page to register. The 46th Annual Preservation Honor Awards Ceremony will be held as an online event on Wednesday, July 22nd from 5:00 p.m. He has given painless history lessons to his thousands of readers and has been responsible for saving some important historic locations and structures throughout the Hawaiian Island chain.” Hawai‘i owes an enormous debt of gratitude to Bob. Bob’s words in his column have made thousands of Hawai‘i residents aware of the historic treasures in our midst. “At times words speak louder than actions. Longtime friend Alice Tucker, who nominated Sigall for the Award, shares her aloha for him, saying, His love and respect for our Islands is an integral part of who he is and we celebrate him as a skillful storyteller, educator, continuous learner, and ally in the world of historic preservation. Historic Hawai‘i Foundation is thrilled to recognize Sigall for Rearview Mirror and all his contributions to Hawai‘i with an Achievements in Interpretive Media Preservation Award.
Lookthrough mirror series#
He also taught marketing and management at Hawai‘i Pacific University for 15 years and with the help of his students, researched and wrote a popular series of books entitled The Companies We Keep. Prior to that, since 1978 he has been a business consultant, consulting with over 1,000 local Hawai‘i companies. Sigall’s passion for history fuels his research and writing of Rearview Mirror which he began in 2011. 1 “We are the remnant of that history and we are thrown into the world from those people and those events that happened in the past…And that is why I write a column every week, is to try and capture some of this history before we have lost it.” “I think it (the column) tells us who we are today, it’s not just things that happened to other people,” remarked Sigall in a 2019 interview. In one of his columns, Sigall identified each reference Mitchell made to places here in Hawai‘i, including Foster Botanical Gardens and The Royal Hawaiian Hotel, in her catchy title, “Big Yellow Taxi”. Native Hawaiian Organization Stewardship Training.
Lookthrough mirror how to#
How to Research the History of Your Home.Historic Property Inventories & Context Studies.Maui, Molokai & Lanai Historic Properties.
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