Capitalogix started in my home. The first employee sat at a tiny desk behind me. Their job was to exit the trades I entered. This was an early attempt to avoid the fear, greed, and discretionary mistakes that humans bring to the business of trading.
We started to grow ... and somehow got to 23 people working in my home. It literally overtook my office, dining room, and the entire upstairs. Neighbors noticed (and expressed their displeasure).
Looking back, it seems crazy (and my wife seems Saintly). But somehow, at the time, it felt natural.
Incubating the company in my home, and growing it the way we did resulted in a closeness (a feeling much like family) that pays dividends, even today.
Speed matters ... both fast and slow.
I shot a video on the subject. Check it out.
There is a concept in business expressed by the phrase "measure twice and cut once." It's much easier to do something the right way from the beginning rather than trying to fix it after you mess it up.
It saves time and creates a better end result.
Beginning with the end in mind is powerful. I often spend what looks like "too much" time imagining the bigger future. What will things look like when we are ten-times bigger? Who will we serve? What dangers will keep me up at night? What opportunities will we be trying to attract or capture? What strengths will give us confidence? Who will we be collaborating with ... and about what? It helps build a roadmap that makes it easier to understand whether particular activities are aligned with our future (or just something we are doing now).
I prefer to optimize on the longer-term rather than the shorter-term. That isn't always possible or practical ... but when it is, that is my preference.
Pace is important - and a focus on "what's the best next step" is an important driver at Capitalogix, but sometimes in order to go fast, you have to go slow. You may miss out on something, but the ultimate payoff is often worth it.
It's a good lesson for personal growth as well. There is no right timeline. No one size fits all. Take your time. Find your path.
Anna Vital via Adioma
Hope that helps.
Coronavirus Relief: US Foreign Debt Holders
In response to COVID-19, the U.S. Government has tried numerous things to bolster the economy.
In Q2 alone, the U.S. Treasury borrowed a record $3 trillion dollars for coronavirus relief. It's already the largest-ever borrowing for any fiscal year, and it brings our total above $26 Trillion (over $80,000 per citizen).
The concept of "Debt" can be confusing to a layman. Most people understand what it means to take on debt with a local bank, but it can be harder to understand the role debt plays in global economics. Debt often enables governments to run smoothly. But sometimes you can have too much of a good thing.
Many worry that our "excessive" government debt levels impact economic stability, the strength of our currency, and unemployment. For all the potential, it's certain that our debt with a country affects the relationship. So who "owns" most of our debt?
Japan holds more U.S. debt than any other country but is followed closely by China. Both countries hold more than 6% of total foreign-held debt.
The chart focuses on foreign debt - but only about 30% of the national debt is held by foreign countries. The rest is held by investors, the Federal Reserve, and the government.
Taking a step back, how does our debt compare on the world stage? An important metric of debt is the debt-to-GDP ratio. It is a key indicator of the sustainability of government finance.
via OECD
Ultimately, we're in the highest bracket, but also have a historically strong GDP to back it. It's also worth noting that lower debt levels don't necessarily translate to safety on a global scale. Yugoslavia had very low government debt until its breakup.
In some ways, it seems like paying-off our debts seems insurmountable. Yet, our economy is reliable so we're allowed to continue borrowing. Debt is also an important part of the economic machine - it can be argued that we wouldn't have money without debt.
While this doesn't mean we can go on borrowing forever, it does mean we have options.
If you want to see an updated, interactive version of the U.S. Debt Clock, just click here. It is worth spending a little time watching the pace the numbers turn.
Actions have consequences.
Something to think about.
Posted at 06:03 PM in Business, Current Affairs, Market Commentary, Trading, Trading Tools | Permalink | Comments (0)
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