INDEPENDENT FIDUCIARY | INVESTMENT MANAGEMENT | ESG INVESTING

Have you ever worried about something? I mean really worried about it as it kept you up at night. I know I have. I often do, even though I know logically that worrying about a thing does not change things. This is the human condition. We worry, and sometimes that worry pushes us to act even when doing so is not in our best interests.  

When I graduated college, the United States was in a recession. A new grad with a business degree could not find a job. I worried I would never be able to provide for my new wife, who had a sign-on bonus and a job before she graduated as a registered nurse. I scrambled, found odd jobs and part-time jobs, and even took what I knew would be a lousy job. Taking that job wasted valuable time and resources, but I felt I had to “Do Something.”  

Henry Ford said in his memoirs that you could purchase a Model T in any color as long as it was black! Most think this was the only color or the cheapest color that would work within his new, innovative mass production facility that contributed significantly to the Roaring 2020s. There is some truth to both theories, but the real reason was that the black paint dried about four hours faster than any other color, and he could produce and sell more cars more quickly.  Also, keep in mind that Mr. Ford began his innovative endeavors in earnest just after the Spanish Flu Pandemic and post-WWI recession.