Who’s on your side?

The United States is said to be a capitalist society. Given such a notion, it would be expected that free-market capitalism is championed throughout the system. Unfortunately, the system is not on your side. We are presented a warped view of the entrepreneurial struggle and trans-generational family enterprises. Government tells you that you did not build your business; rather, government allowed you a path to success. While the case can be made that government provides an …

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praxis: theory | action | impact

Praxis is a word that literally means “doing;” but there is so much more to the word. It is the process by which a theory, lesson, or skill is enacted, embodied, or realized. This blog (and for that matter, this website and business) is the realization and the embodiment of the skills developed from years of lessons learned from both theory and action. The combination of this blog, website, and business is my Righteous Path: …

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Advocatus Diaboli

dev·il’s advocate (dĕv′əlz) n. [Translation of Medieval Latin advocātus diabolī] American Heritage® Dictionary of the English Language, Fifth Edition. One who argues against a cause or position, not as a committed opponent but simply for the sake of argument or to determine the validity of the cause or position. Roman Catholic Church – An official formerly appointed to present arguments against a proposed canonization or beatification. Those who know me would say that I enjoy a …

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2016 Predictions

This is the time of the year for making predictions. While I don’t believe that anyone has a crystal ball, I do believe in patterns. These predictions are based on my understanding of economic and historical patterns, or cycles, that are based on hundreds, if not thousands, of years of research data. In 2015, I published a white paper entitled Don’t Be Surprised: How Business Owners and Investors can Understand – and Take Advantage of  …

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Pursuing your Righteous Path is not the same as pursuing your passion

“Fix your thoughts on what is true, and honorable, and right, and pure, and lovely, and admirable. Think about things that are excellent and worthy of praise. Keep putting into practice all that you learned.” — St. Paul (Philippians 4.8-9) My senior year of college, I took a history class at 3 pm on Mondays, Wednesdays, and Fridays. I enjoyed the class (Tudor-Stuart England), but it was difficult for me to stay focused since basketball …

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Trigger Warnings and Micro-aggressions

*This post may (probably does) contain material that may be emotionally disturbing. Be advised Trigger warnings and micro-aggressions are the latest craze in our U.S. society (see here for a review from the Atlantic). Briefly, professors are now being criticized for assigning materials or presenting information that may trigger undesired emotional responses in the student. Whatever the intentions of the originally conceived warnings, this concept has morphed to include any idea that is in opposition to …

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I read the news today, oh boy…

I am an avid news reader and follower of current events. It is part of my training in issues and crisis management: watch what is going on, consider implications, and create strategy. Today, I am sparked by an article in the Guardian regarding too much choice. I have to say that I am concerned. The science of behavioral economics is sound (and fascinating – it will be a recurring topic on this blog). Humans are influenced by a …

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Want to Help the Poor? Make a Profit

“When a person acts in his own interest, he frequently promotes (the interest) of society more effectually than when he really intends to promote it.” – Adam Smith (A typical Haitian street market) Capital flows to where the expected return is the greatest. I knew this academically as a teacher/professor and I knew this practically as an investor and entrepreneur, as this is what causes stock and business prices to increase or decrease over time. But …

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