Thursday, March 7, 2019

Financial Planning @MAIN & WALL

"You have to understand people first before you can understand how to devise an economic system for them" ~ Robert Shiller

Financial Planning/Wealth Management is No Different...The traditional approach is not useless...it's just incomplete...Still dealing with and designed for Homo Economicus... That's not how Humans' are wired...

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MAIN Street: The Humamist Module

This module is designed to create an awareness of the limitations of an analytical social science approach, and make practitioners better understand the usefulness of humanistic, literary, and historical conceptions of society. A mathematical and statistical foundation is necessary for any scientist, but what changes a social science technician into a social scientist is a recognition of the limitations of the models and their problems. This module would be designed to provide it, and this module is sorely lacking in economics, Finance and Business Training.Today. ( ie Empathy / Design Thinking )...Complexity and the ART of Public Policy

Stroll Down MAIN Street

Investing has a lot to do with common sense and personal observations. The man on the street frequently knows far more about the state of the economy than politicians, university professors and financial analysts who seldom travel, or if they do so, only from one first class hotel to another first class hotel and from one golf course to another. The pulse and vibrancy of an economy is, however, nowhere more visible than in a country's entertainment venues such as bars, restaurants, nightclubs and shopping centres.

Hat Tip ~ Marc Farber, The Gloom, Boom, Doom Report

The Sunny Side of The Street

Grab your coat and get your hat
Leave your worries on the doorstep
Life can be so sweet
On the sunny side of the street

Can't you hear the pitter-pat
And that happy tune is your step
Life can be complete
On the sunny side of the street

I used to walk in the shade with my blues on parade
But I'm not afraid...this rover's crossed over

If I never had a cent
I'd be rich as Rockefeller
Gold dust at my feet
On the sunny side of the street

(instrumental break)

I used to walk in the shade with them blues on parade
Now I'm not afraid... this rover has crossed over

Now if I never made one cent
I'll still be rich as Rockefeller
There will be gold dust at my feet
On the sunny
On the sunny, sunny side of the street

Songwriters: JIMMY MCHUGH, DOROTHY FIELDS

On The Sunny Side Of The Street lyrics © SHAPIRO BERNSTEIN & CO. INC.