The growth of US economy is virtually guaranteed for the initial years of our oil renaissance. But let's not confuse good timing and the fortune of real estate (above and below ground) with our best and most enduring asset. GDP growth is cyclical but the Liberty Bell endures.
Putting aside for a moment its unfortunate location in Philadelphia (where fans would boo a strong currency simply b/c it could beat the Eagles), the Liberty Bell - and the freedom it represents - is this country's truly unique assets.
The mall, Hollywood, and Wall Street have all been replicated elsewhere in the world but FREEDOM is the only idea of America that hasn't been commoditized and copied. That is special. It's our competitive advantage. It's why people want to come here.
So why is Congress trampling our liberty and making what is most attractive - the freedom to come and work here - into a liability? Someone should remind them we must lead with your strengths and promote, not suppress, our great experiment and our greatest assets.
- Long Cast Advisers
- This is written with serious investors in mind, though sometimes they're just drafts in progress. I'm a former reporter, private investigator and institutional equity analyst who digs deep to find niche undervalued and undiscovered securities. I manage money for individuals, institutions and family offices via my business Long Cast Advisers. This blog is part decision-diary, part investment observations and part general musings about Philadelphia sports. It should not be viewed as a solicitation for business or a recommendation to buy or sell securities.