Sunday, January 20, 2008

Investment

For some reason I want to just start writing what I've been thinking about investment and investing. I think I'm a very naive investor. I don't see the world three steps ahead in terms of how to get a given amount X to turn into X plus some percent on an ongoing basis. I see all the possible things to invest in -- I always thought Apple was a good investment, and remember thinking that when it was at $25 a share. There would always be a return to design. But I think the world is in a critical phase in that the conversation "investment" has been hijacked by a small minority with an oligarchic, plutocratic bent. They are investing in a house of card, an amalgam of financial instruments so inter-woven and inter-levered that while the outcome is to shuttle money into their accounts, the broader macro-economic outcome is to reduce the capacity to invest in things that make the world more sustainable, more livable, and more fundamentally (and seldom considered) providing people with the means to achieve a sense of purpose in life.

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