A Quote by Margaret Brennan
I grew up with very much an appreciation of the creative side of things, but always knowing how much Wall Street, finance and economics really powered everything else, whether it's politics or the art world.
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If people really stopped and realized how much art and creative people move the world versus politics and religion, I mean it’s not even up for debate. An artist at least creates things, puts things into the world. Where as these other people are destroying things, taking things out of the world.
It is easier to disrupt consumer finance. It is much harder to disrupt institutional finance, Wall Street. It is very heavily regulated, and because it is institutional finance, you are dealing with incumbents.
Politics is a part of life and art is about life. It doesn't mean that all the art has to be about politics - in fact, heaven forbid. But politics is a totally legitimate area of focus for any art, whether it's painting or songwriting or anything else, as much as sex is, as much as spirituality is, as much as any other behavior of people is.
As I grew up in that world and saw how much it affected her world and how much it affected our childhood, it made me very aware of politics. Of course, I have my own private feelings and thoughts, but I don't care to share them.
I was born in Owerri and grew up in the east of Nigeria, in Imo state. You could say I was a 'street boy': we grew up on the street, played on the street, did everything out on the street. It was a difficult life altogether, but that's how we grew up.
Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.
I feel like the personal me and the artistic me are separate, but connected. It's almost like a Jekyll and Hyde thing. As much as you try to keep them apart, they end up together. I'm very much aware that when I'm miserable on the creative side - if I can't make things work a certain way - it really detracts from being the father I want to be. So in order to ultimately be a good father and the man I want to be I know I need to keep my creative side in check, or at least a little bit happy. It's weird how it's intertwined that way.
...we will arrange for 'religion' to become a small subdepartment of ordinary life; it will be quite safe - harmless, in fact - with church life carefully separated off from everything else in the world, whether politics, art, sex, economics, or whatever.
I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.
A stand in is a politician who can deliver her constituency to her Wall Street backers. That's what a politician does in America. You get a constituency; you make them believe your promises, and then you turn them over to your financial campaign backers. That's what politics has become and that's as much an art of deception as economics is.
As much as you need to know your operations, if you don't understand the finance side and how to do the business, you're never going to be successful. So you might be the best operator or visionary, but if you don't understand the finance side... I'm successful because I know the finance side, but I also know operations; it's not an accident.
When you grow up, some areas of the world are out of your knowledge - especially when I grew up, in the '70s and '80s. Now, you have access to everything, but back then you did not because of the way the media was, and society imposed more directions, structures, and restrictions. It's not like art was prohibited, but art was not something that the people around me presented. So I developed it very much on my own growing up.
You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.
I had a lot of preconceived notions going in the Wall Street. It wasn't an industry that I really respected much. My feeling was kind of like look, you're not making anything. You're taking money from one place, putting it in another and taking your cut and that's just not really kind of soul-satisfying at the end of the day, but what I learned is, on a larger scale is how much the Wall Street industry funnels and fuels so many others. There is a lot of good that these guys do, and to lump all traders into a category is as insane as lumping any group of people into one category.
There is nothing -- absolutely nothing -- half so much worth doing as simply messing about in boats. In or out of 'em, it doesn't matter. Nothing seems really to matter, that's the charm of it. Whether you get away, or whether you don't; whether you arrive at your destination or whether you reach somewhere else, or whether you never get anywhere at all, you're always busy, and you never do anything in particular; and when you've done it there's always something else to do, and you can do it if you like, but you'd much better not.
I am always struck by how difficult it is for people to see how much cruelty they are bringing not only upon animals but upon themselves and their loved ones and other people, how much we are screwing up the planet, how much we are hurting our own health, how hard it is to change all that, how eager people are to make a buck at everybody else's expense - all those things are discouraging.
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