Lot’s of reforming going on.
There is the big healthcare reform. If I asked 1000 people what it was going to mean, there would be no good answers. I don’t believe Stocktwits health care bills will magically stop rising 34 percent (it just did) with this great health reform. Instread, I am factoring in 40 percent gains next year so we can try to run our business smart.
There is the big financial reforms (have not seen any on the true culprits, but I hear they are coming), for example in the ‘very dangerous’ area of FOREX which brought the world to it’s knees in 2007 because Betty put $50 on The Euro. I love the FOREX industry, but I won’t invest wildly until I really understand where the reform is going.
There are all kinds of immigration reforms on their way. I know I had to spend lot’s of money and time to stay here 20 years ago and it has not got any easier. The good news is that we have ‘Dream Teams’ like this and hopefully these kids will decide to keep their brains right here.
Finally in Broadband, as Fred Wilson points out :
There isn’t enough competition on the access side of the Internet, both wireline and broadband. The rest of the Internet stack is hypercompetitive and is innovating at a mile a minute. But in access, we have monopolies who go at whatever speed suits them. There’s nothing pushing them to go faster.
While the technologists argue about which device you will watch TV and YouTube videos ( now Google and Intel are in the fray ), you should probably just think about making your content great and consumable on anything, anywhere.
All the reform as you can see, is making things more complicated and expensive for the little guy.
I am ok with it because the tools are getting better.
You better learn to use all these great tools. Twitter just turned 4, but it is a very powerful tool. Facebook is 5 or 6. Blogging, not much older than that. Search may just set you free.
So while these big arguments rage on, you better go about your business smarter and leaner than ever.
Great message. I’m selling my office and moving my practice to my home. Letting go of my assistant and trying to make my business (financial/investment advising) more mobile (iPad will help here). Thinking about selling the b/d part of my practice and go strictly RIA model. Looking at subdividing my property and using proceeds to pay down home mortgage, refinancing the balance to lower my mortgage payments, brewing my own beer, planted fruit trees (avocados, citrus, bananas, etc.), home gardening, chickens are next, and basically going more local with my spending. When my auto lease ends in June, we’re sticking with one car (Dodge Truck) and will put up solar for water heater and home electricity use. These regulations and reforms will make life more expensive and more cumbersome and we will all have to adjust for that. Also looking for another home country to set up my base of operations. I’m going to find a country that offers the same opportunities that were once available in America back in the 1960’s. Gotta work harder, smarter and more stealthy. Need to reduce my overall government footprint.
I am with you John and Michael. This health care deform if approved is going to help demise this country. At least fast forwarding it leaps and bounds. I am not okay with any of these reforms. Keeping money in this socialist prison is ridiculous. There are other countries that offer opportunities. Ones that don’t you rape you daily with putrid taxation and nanny states rules.
well i dont agree with that.
by far america is the best place for small and very large investors alike.
I do think the fat middle that is shrinking will have a harder time with
this reform.
John Kai,
I love your answers. I have decided not to scale my business in America. Better to be under the Gov radar screen. No incentive to hire. I am also looking to move to another country.
Michael
Great message. I'm selling my office and moving my practice to my home. Letting go of my assistant and trying to make my business (financial/investment advising) more mobile (iPad will help here). Thinking about selling the b/d part of my practice and go strictly RIA model. Looking at subdividing my property and using proceeds to pay down home mortgage, refinancing the balance to lower my mortgage payments, brewing my own beer, planted fruit trees (avocados, citrus, bananas, etc.), home gardening, chickens are next, and basically going more local with my spending. When my auto lease ends in June, we're sticking with one car (Dodge Truck) and will put up solar for water heater and home electricity use. These regulations and reforms will make life more expensive and more cumbersome and we will all have to adjust for that. Also looking for another home country to set up my base of operations. I'm going to find a country that offers the same opportunities that were once available in America back in the 1960's. Gotta work harder, smarter and more stealthy. Need to reduce my overall government footprint.
John Kai,
I love your answers. I have decided not to scale my business in America. Better to be under the Gov radar screen. No incentive to hire. I am also looking to move to another country.
Michael
“The good news is that we have ‘Dream Teams’ like this”
And we also have ‘Nightmare Teams’, like the one Tom Friedman’s NY Times colleague Jason DeParle reported on, as I noted in my post on Friedman’s column.
I am with you John and Michael. This health care deform if approved is going to help demise this country. At least fast forwarding it leaps and bounds. I am not okay with any of these reforms. Keeping money in this socialist prison is ridiculous. There are other countries that offer opportunities. Ones that don't you rape you daily with putrid taxation and nanny states rules.
well i dont agree with that.
by far america is the best place for small and very large investors alike.
I do think the fat middle that is shrinking will have a harder time with
this reform.
“The good news is that we have ‘Dream Teams’ like this”
And we also have 'Nightmare Teams', like the one Tom Friedman's NY Times colleague Jason DeParle reported on, as I noted in my post on Friedman's column.
John Kai, brilliant.
John Kai, brilliant.
Most of us are in that “fat middle part” that you speak of.
Most of us are in that “fat middle part” that you speak of.
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