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I had grown to expect the offering from Wal-Mart for the variety of merchandise and competitive pricing. This is the essence of their brand promise, great selection and low prices. I do not, on the other hand, go to Wal-Mart expecting to receive exceptional customer service, be greeted by name or see a familiar face. Because whether intended or not, that too is part of their brand promise.
For those that have grown up in the Pacific Northwest, the story of the most famous suspension bridge to be built, and subsequently destroyed, in our own backyard is well known. For the rest of the world the Tacoma Narrows Bridge, more commonly known as Galloping Gertie, is no more than a footnote on a study of failure analysis for a university level structural engineering class.
Along with the sinking of the Titanic, the Tacoma Narrows bridge collapse was a sobering reminder of the devastating cost of hubris.
If you have been following the financial headlines of late you may have noticed a consistent theme around the ills of over stimulated markets. Every day we go deeper into this historic market run up the warnings become more pronounced. Even to the seasoned investor, the current state defies conventional logic.
Leveraging a theme discussed by Nick a few months ago in his article titled, “Heads We Win, Tails We Don’t Lose Much,” there is a correlation in the view of risk Nick illustrated and how we can look at risk in our businesses, and more importantly, what we can do to skew the curve in our favor.
If you recall the childhood game of Rock, Paper & Scissors, then you likely know as much about investing as many in the markets. To come out ahead however, it requires developing a strategy rather than leaving it to chance as those that are disciplined will undoubtedly be better off in the long run. Listen to this latest installment of the Chart of the Week and hear Nick and Rick's take on how applying a strategy to either activity will benefit you in the long run.
Taking the discussion further from two weeks ago on the Conscious Competence Learning Model, Rick explains where many leaders fail to leverage the learning from the model to apply it to their leadership and organizations. Listen to this week's Chart of the Week to learn where the Mastery Gap is and understand how you can challenge yourself in your leadership.
Almost everyone is feeling good about the prices at the gas pump these days, reflective of the price of oil that has dropped precipitously over the last few months. Who wins and who loses, however, is worthy of discussion and in this weeks' installment of the Chart of the Week, Nick walks us through who is on which side of the equation.
In a bit of a changeup this week, Rick will be leading the discussion of the Conscious Competence Learning Model, useful for understanding how and what we learn both from an individual leadership and an organizational perspective. Listen in to learn how you can apply what and how you've learned in 2014 to propel your 2015 initiatives, ensuring you are maximizing the potential of your business in the coming year.
In spite of the repeated learning and profound wisdom in the financial markets around the perils of short term thinking and the merits of long term thinking, inevitably investors still make poor decisions. Whether it is out of boredom and the lure of the shiny object, or fear that drives one to irrational decision making, poor investment decisions prevail. What can we learn from this? In this week's installment Nick focuses on what it takes to overcome these behavioral pitfalls to truly reap the benefit of good long term thinking and investment strategy.
The Federal Reserve met today to discuss among other things, whether to continue the Quantitative Easing (bond purchasing program). As we wait with baited breath on the outcomes of the meeting, we will be contemplating the implications of continued over-sweetening of the markets, or if the promise of ending QE is more trick than treat.
With major stock market averages in the midst of a pullback, I thought it would be interesting to review the risks we have seen in the markets. As of this writing the S&P 500 dropped below its 200 day moving average for the first time in 477 days (third longest streak in history). Small cap stocks have been especially susceptible (down 13%+ on a price basis since end of June). This pullback is no coincidence, the stock markets domestically and internationally have benefitted from the global experiment of Quantitative Easing. Indeed the correlation of increasing stock prices in the midst of each round of quantitative easing is unmistakable. Likewise, the subsequent fall of stock prices, as each round has ended is distinct. Therefore, with the end of QE3+ on the horizon, there is no wonder that stock prices are under pressure.
It’s not a matter of if you will fail, but when failure will be upon you. Knowing this, the challenge then becomes learning how to respond in the face of failure. How you respond in the face of challenge and failure will define your character and whether you succeed, or not. But getting past the failure to get to success? There are no shortcuts. Nor are there any guarantees that you will eventually “get it.”
Every business leader today, no matter the industry, faces the challenge of keeping up with advancing technology trends while staying competitive in a shifting economy. Here in Oregon, where the pioneering spirit still prevails, the thriving sectors of food, healthcare, and technology are leading the way.
The 2014 Leadership & Economic Summit will feature a keynote address from economist John Mitchell, followed by a panel discussion with business leaders from three very different industries all of whom are challenging and disrupting their markets in profound and original ways. Listen in as Dave Sanders of ZoomCare, Frank Helle of Axian Software, and Jeff Harvey of Burgerville discuss the challenges and opportunities that come with embracing unique business models to create success in today's consumer-driven markets.
The information in this video is intended for residents of the United States and is not intended to be personalized nor is it a recommendation to buy or sell securities. Pilot Wealth Management is a Registered Investment Advisor, licensed with the State of Oregon and will ensure proper licensing or exemption from licensing before conducting business in any other state.
We write a newsletter every other week for business owners called Pilot’s Log, a monthly newsletter about current markets called Navigating Markets, monthly articles, and our quarterly letters to clients and friends. Add your email to receive these in your inbox.
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