{"id":5400,"date":"2011-12-18T10:12:16","date_gmt":"2011-12-18T17:12:16","guid":{"rendered":"http:\/\/simonburrow.com\/\/?p=5400"},"modified":"2011-12-18T11:22:56","modified_gmt":"2011-12-18T18:22:56","slug":"the-ascent-of-money","status":"publish","type":"post","link":"https:\/\/simonburrow.com\/?p=5400","title":{"rendered":"The Ascent of Money"},"content":{"rendered":"

I just finished The Ascent of Money<\/em><\/strong><\/a> by Niall Ferguson.\u00a0 He has an interesting new spin on the current financial crisis.\u00a0 I again failed in my quest to find a way to guarantee the preservation of assets at this point in the economic cycle.<\/p>\n

\"\"<\/a><\/p>\n

When I ran Brandon (1981-2003) I was often asked how a current financial crisis (Mexico, Asia or Carters stagflation for instance) would effect our business.\u00a0 My response was that financial shocks were like the giant ground swell waves in the ocean.\u00a0 We would rise and fall along with everyone else to those.\u00a0 What concerned me, because we were such a small boat, was the Chop.\u00a0 The little waves that could capsize us or one of our major customers, technologies or suppliers.\u00a0 How we acted could effect or results relative to the Chop.<\/p>\n

I also used to say since we can’t effect the broad economy why bother to pay much attention to it.\u00a0 Colloquially I put it: “Don’t try to effect the weather.\u00a0 Just bring along an umbrella.<\/p>\n

I suppose putting these two together I should spend less time paying attention to global finance and politics and more time making local investments.\u00a0 Good idea.\u00a0 Now I need to think about Chaos theory as explained in Deep Simplicity<\/em><\/strong><\/a> by John Gribbin and how it applies to this idea.<\/p>\n","protected":false},"excerpt":{"rendered":"

I just finished The Ascent of Money by Niall Ferguson.\u00a0 He has an interesting new spin on the current financial crisis.\u00a0 I again failed in my quest to find a way to guarantee the preservation of assets at this point in the economic cycle. When I ran Brandon (1981-2003) I was often asked how a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[3],"tags":[80,71,310,311],"class_list":["post-5400","post","type-post","status-publish","format-standard","hentry","category-recommendations","tag-books","tag-economics","tag-business-success","tag-politics"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p99jGb-1p6","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/5400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5400"}],"version-history":[{"count":4,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/5400\/revisions"}],"predecessor-version":[{"id":5403,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/5400\/revisions\/5403"}],"wp:attachment":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}