The Forever Recession…My Two Cents

Seth Godin continues to knock it out of the park on his blog and ‘The Forever Recession

Read it over and over. Cut it out. Post it on your wall if you are an investor/entrepreneur.

Things are different coming out of the recession/depression of 2008.

Advertising and Investment Banking will have to continue to deal with the biggest cuts and slowdowns which makes it hard to invest because they are so important for growth.

I totally understand the negative tones I am hearing, but to me investing is hard and being negative makes it almost impossible to outperform and stay sane.

We bitch about Twitter, but the whole thing is a miracle and deserves a standing ovation. I go to the movies with the family and it costs me $100 for crap. I can’t yell at the screen and the movies are getting so pathetic I just catch up on work and get no escape. That is really expensive.

There is some opportunity in here for bazillions to be made.

20 comments

  1. Guest says:

    that seth godin post was awesome, thanks for tweeting that before howard: “To poorly paraphrase Clay Shirky, every revolution destroys the last thing before it turns a profit on a new thing.”

    like you always say, we’re only in the 3rd inning in the web. i love watching this clip to remind me of that: http://www.youtube.com/watch?v=W0UuzwS2z-8&feature=related

    interesting study by $csco on the web’s future too: http://www.zdnetasia.com/world-must-prep-for-bigger-net-62203038.htm

  2. great question. lots of computers travel love and tolerance. i dont want

    to play the school game and we are lucky to afford tutors for one on one.

    will push them to work for themselves or run stocktwits tv :)

  3. Dave W Baldwin says:

    The problem in schools is they are of mindset of 'Present-Past' instead of 'Present-Future'.

    So you throw at the system “No Child Left Behind”, everything focuses on teaching to the test. Since the kid gets nothing from their score, why should they worry? Then the focus of fear begins and you have just wasted weeks moving into the test.

    Good intentions often lead to bad outcomes.

    I help in the school system here…you don't know how hard it is treading on ice. On one side, I inspired the whole batch of Nursing (High School) Students to push up a rung…still get girls telling me how it is going two years later….or the other where a teacher (Math/Science) is spooked because I can tell kids what will be there in five years. Since I've been doing that long enough and have a 100% record, that is not so much the problem.

    My point? The child in the underdeveloped country working under a hatch roof in the market knows more about capitalism than the vast majority in the US. Ironically, the only chance our kids have is gaining that knowledge as the consumer will begin purchasing directly from a designer…and as that grows, the big stores will have to react.

    Unfortunately, it will be only a small percentage that get the gains, as we have now and looking back.

  4. Dave W Baldwin says:

    Pivoting is sooooo important. Doing a 3 day math stint, we looked at Law/Avgs….I used Roulette, luckily didn't get in trouble when the teacher came in to get something.

    Reading aloud is also important. I put it into the child's mind from vantage of not knowing when you may have to make that important presentation. Funny, any class I force that on, the lower rung always deliver better in flow of sentence and pronunciation.

    Howard knows the edge of what I'm working on. He doesn't know of another that will go directly at Education, starting with the blind, deaf, autistic into Speech Pathology and over to higher learning.

    We are on the cusp of tools that deliver the other side related to multitasking (yes, more than FB/Skype) which combined with the push toward 'conceptual learning' may deliver something better.

    By the way, I love your writing Harry…you're almost as smart as Howard ;D

  5. Harry DeMott says:

    Definitely one of my favorite posts by Godin.

    Just really fantastic thinking.

    What’s amazing is that schools etc… are not necessarily preparing people for the future – as much as making sure they fit in well with the past.

    You have kids (or at least a kid). How do you think about educating them – getting them ready for the world?

    • great question. lots of computers travel love and tolerance. i dont want
      to play the school game and we are lucky to afford tutors for one on one.

      will push them to work for themselves or run stocktwits tv :)

    • Dave W Baldwin says:

      The problem in schools is they are of mindset of ‘Present-Past’ instead of ‘Present-Future’.

      So you throw at the system “No Child Left Behind”, everything focuses on teaching to the test. Since the kid gets nothing from their score, why should they worry? Then the focus of fear begins and you have just wasted weeks moving into the test.

      Good intentions often lead to bad outcomes.

      I help in the school system here…you don’t know how hard it is treading on ice. On one side, I inspired the whole batch of Nursing (High School) Students to push up a rung…still get girls telling me how it is going two years later….or the other where a teacher (Math/Science) is spooked because I can tell kids what will be there in five years. Since I’ve been doing that long enough and have a 100% record, that is not so much the problem.

      My point? The child in the underdeveloped country working under a hatch roof in the market knows more about capitalism than the vast majority in the US. Ironically, the only chance our kids have is gaining that knowledge as the consumer will begin purchasing directly from a designer…and as that grows, the big stores will have to react.

      Unfortunately, it will be only a small percentage that get the gains, as we have now and looking back.

      • Harry DeMott says:

        Thanks for the reply.

        I debate this sort of stuff all the time in my mind. I live in a place with
        fantastic public schools and the kids really do learn not only the subjects
        for the tests – but learn to think for themselves – and start to reason
        things out.

        You throw on top of that a lemonade stand with real record keeping (figure
        out just how much supplies cost etc…) – teach the kids poker (understand
        risk reward).

        I keep thinking that instead of reading poetry, we should be teaching our
        kids to program in Ruby or develop more applicable skills for the 21st
        centure.

        It’s funny, 100 years ago vocational training was more the norm – then went
        to a complete traditional liberal arts education for everyone. Given the
        world today – perhaps we need to get back to more vocational stuff – really
        prepare people for something specific – while making sure their minds are
        prepared to pivot – just as companies have to – by teaching them to think
        and reason for themselves.

        • Dave W Baldwin says:

          Pivoting is sooooo important. Doing a 3 day math stint, we looked at Law/Avgs….I used Roulette, luckily didn’t get in trouble when the teacher came in to get something.

          Reading aloud is also important. I put it into the child’s mind from vantage of not knowing when you may have to make that important presentation. Funny, any class I force that on, the lower rung always deliver better in flow of sentence and pronunciation.

          Howard knows the edge of what I’m working on. He doesn’t know of another that will go directly at Education, starting with the blind, deaf, autistic into Speech Pathology and over to higher learning.

          We are on the cusp of tools that deliver the other side related to multitasking (yes, more than FB/Skype) which combined with the push toward ‘conceptual learning’ may deliver something better.

          By the way, I love your writing Harry…you’re almost as smart as Howard ;D

  6. Harry DeMott says:

    Definitely one of my favorite posts by Godin.

    Just really fantastic thinking.

    What's amazing is that schools etc… are not necessarily preparing people for the future – as much as making sure they fit in well with the past.

    You have kids (or at least a kid). How do you think about educating them – getting them ready for the world?

  7. Harry DeMott says:

    Thanks for the reply.

    I debate this sort of stuff all the time in my mind. I live in a place with

    fantastic public schools and the kids really do learn not only the subjects

    for the tests – but learn to think for themselves – and start to reason

    things out.

    You throw on top of that a lemonade stand with real record keeping (figure

    out just how much supplies cost etc…) – teach the kids poker (understand

    risk reward).

    I keep thinking that instead of reading poetry, we should be teaching our

    kids to program in Ruby or develop more applicable skills for the 21st

    centure.

    It's funny, 100 years ago vocational training was more the norm – then went

    to a complete traditional liberal arts education for everyone. Given the

    world today – perhaps we need to get back to more vocational stuff – really

    prepare people for something specific – while making sure their minds are

    prepared to pivot – just as companies have to – by teaching them to think

    and reason for themselves.

  8. srw says:

    Following Seth Godin, my concern is if we are in a post-knowledge economy: knowledge is required to play the game but it's being commoditized too.

  9. ball gown says:

    Howard knows the edge of what I’m working on. He doesn’t know of another that will go directly at Education, starting with the blind, deaf, autistic into Speech Pathology and over to higher learning.

  10. ball gown says:

    Howard knows the edge of what I'm working on. He doesn't know of another that will go directly at Education, starting with the blind, deaf, autistic into Speech Pathology and over to higher learning.

  11. eh says:

    The Godin piece contains this gem:

    No, the only useful response is to view this as an opportunity.

    Man, that is so profound. So insightful. I’ve never heard that before. I mean, that’s so obviously it — the solution. I’ll just put on my opportunity-colored glasses, and everything will be OK. Really.

  12. eh says:

    The Godin piece contains this gem:

    No, the only useful response is to view this as an opportunity.

    Man, that is so profound. So insightful. I've never heard that before. I mean, that's so obviously it — the solution. I'll just put on my opportunity-colored glasses, and everything will be OK. Really.

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