Today, I write you as we enter a profound new era of tribalism in our society. We have known divisions before: communism vs. capitalism, Republican vs. Democrat, rich vs. poor. The topics are not new; we just engage them differently.
The difference is today we live in a world where social media and digital economics spur change exponentially faster. Today’s ecosystem has two characteristic drivers:
(A) self- and collective-identification, and
(B) message mobilization.
(A) deals with our need to identify ourselves within the world and with others and (B) arrives at our need to spread identification behaviors… whether by posting…
Read more in Home Economics: The Simpleton’s Study of Money, Trends, and Everyday Interests · 4 min read
Hard to imagine that this latest election cycle was “fun” for anyone.
Division has characterized our news networks (Fox vs. CNN), pundits (Rachel Maddow vs. Greta Van Susteren), and our elected leaders (‘Socialist AOC’ vs. ‘Dark Lord McConnell’).
That is not news. What feels new is that choice has even divided families (including my own).
The divide in America runs deep. The Pew Research Center conducts a survey every election that aims to measure the magnitude of voters’ division.
In 2020, the results were historically staggering: the data suggest both Biden and Trump supporters responded that they truly believe that…
Read more in Home Economics: The Simpleton’s Study of Money, Trends, and Everyday Interests · 9 min read
Quarantine Movie: Ratatouille (2007, Produced by Pixar).
The punchline: a theme of upstart Greatness vs. the established elite — a reminder that what is yet great can be found in the most unlikely places (even during these times).
You may recall Ratatouille as the film about a rat that can cook.
But during a family rewatch this Quarantine Season, I was surprised to find a richer theme: an Everyman story about an outsider looking to break into an established, snobbish culture, demanding a place to create Greatness.
Ratatouille doesn’t explore a cook in the restaurant industry at large — the…
Read more in Home Economics: The Simpleton’s Study of Money, Trends, and Everyday Interests · 5 min read
Social media is chock-full of economic statements.
It’s true. People really like to show their unique take on the good life.
And why not. It’s fun.
A simple scroll grants me first-row access to a weekend worth of adventures:
Acknowledged or not, these are statements about how much we make, spend, and have.
Read more in Home Economics: The Simpleton’s Study of Money, Trends, and Everyday Interests · 6 min read
Recession predictions are a bit like sensing a bust coming in Black Jack or a “crap out.” You know you’ve been doing well, but when do you pull your money off the table (and tip the dealer)?
The game-dominant strategy?
But before I dare jump into probability theory, the sinful art of gambling, or recessions, allow me to highlight some recent headlines.
The LA Times (August 26, 2019):
Warning flags are flying: The World economy is heading into a slowdown… Germany, normally the engine of Europe, has seen its growth fall below zero. Britain is steeling for a…
Read more in Home Economics: The Simpleton’s Study of Money, Trends, and Everyday Interests · 7 min read
I just got back from beautiful Lake Tahoe where I stayed at an exclusive summer resort.
By all measures it was amazing: energetic staff all over, beautiful mahogany wood lined the lobby, thousand thread count linens, and the restaurant did not disappoint.
So why was my first thought that I totally regretted paying for it?
It wasn’t the bar tab or the room service charge, though those weren’t cheap.
It was actually clear to me: I don’t value exclusive as much as I value unique. And the hotel’s game was all in on exclusive.
The distinction between exclusive and unique…
Read more in Home Economics: The Simpleton’s Study of Money, Trends, and Everyday Interests · 14 min read
Accounting and Business Advisor, Real Estate Investor, Father of Two Future Entrepreneurs