CIO Vantage Point;
Economic Outlook
November 29, 2012 Posted by:
Joe Morgan, CFA
The views expressed in this column are solely those of the author and do not reflect the views of SVB Financial Group, or Silicon Valley Bank, or any of its affiliates.
But Oz never did give nothing to the Tin Man
That he didn't, didn't already have
- America
Shiny objects distract from true, long-term objectives. When they arise it takes discipline to keep your head down, doing what you know is right.
Only the least successful of us purposely create shiny objects on a continuous basis. Only the least successful of us perpetually avoid doing what's in our best interest, trading short-term enjoyment for long term pain.
Only the least successful of us and Congress, that is.
Today's "Fiscal Cliff" fuss is only the latest in a string of such self-created shiny objects. The cliff that has been created by prior inaction and can-kicking will be resolved, but that accomplishment does not move us closer to a sustained recovery.
It only removes the latest shiny object to make way for the next.
The views expressed in this column are solely those of the author and do not reflect the views of SVB Financial Group, or SVB Asset Management, or any of its affiliates. This material, including without limitation the statistical information herein, is provided for informational purposes only. The material is based in part upon information from third-party sources that we believe to be reliable, but which has not been independently verified by us and, as such, we do not represent that the information is accurate or complete. The information should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment or other decisions. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.
SVB Asset Management, a registered investment advisor, is a non-bank affiliate of Silicon Valley Bank and member of SVB Financial Group. Products offered by SVB Asset Management are not FDIC insured, are not deposits or other obligations of Silicon Valley Bank, and may lose value.
E-mail This
The following excerpt will be included in your message.
Shiny ObjectsNovember 29, 2012 Posted by: Joe Morgan, CFAThe views expressed in this column are solely those of the author and do not reflect the views of SVB Financial Group, or Silicon Valley Bank, or any of its affiliates.
But Oz never did give nothing to the Tin Man
That he didn't, didn't already have
- America
Shiny objects distract from true, long-term objectives. When they arise it takes discipline to keep your head down, doing what you know is right.
Only the least successful of us purposely create shiny objects on a continuous basis. Only the least successful of us perpetually avoid doing what's in our best interest, trading short-term enjoyment for long term pain.
Only the least successful of us and Congress, that is.
Today's "Fiscal Cliff" fuss is only the latest in a string of such self-created shiny objects. The cliff that has been created by prior inaction and can-kicking will be resolved, but that accomplishment does not move us closer to a sustained recovery.
It only removes the latest shiny object to make way for the next.
Read More