I just got back from a week in New York City and here’s what I see: The winners keep winning, the losers keep losing, things keep getting better and people think they’re getting worse. I like that combination.
When I was 18 years old I moved to the New York area and spent a total of 15 years out there, most of which was in the financial space surrounded by entrepreneurs, traders, investors, analysts, fintech, traditional media and the biggest names in financial social media.
For the past 3 year’s I’ve lived in beautiful Sonoma Valley, CA in what some might describe as something of a bubble. I don’t watch financial television. I’m not ‘in the know’ about the daily gossip except for what I see on twitter. And even then, I don’t consume nearly as much of it as most people. I’m not at the Hunt & Fish club once a week, I don’t attend every book party in New York and I’m not surrounded by financial journalists every day. I’m out.
This can be a good thing or a bad thing. I worry about what some of the negative implications are from this strategy. That’s how I think: Risk Management. “How is this wrong?” is my concern. Why don’t other people live this way? Am I the weird one or are they the ones doing it wrong? As Jay-Z said, “If everybody’s crazy, you’re the one that’s insane”. [Read more…]