When financial systems overreach

What follows is not meant as specific advice.

Instead, it’s offered as perspective.

Someone once said that the ideal direct marketer would be a super salesman with a knack for accounting.

I say that the ideal long term financial prognosticator would be someone who experienced first hand an economy gone bad, had to start from scratch with zero advantages, is an expert in insurance and derivatives, and has a respect for history.

Simon Mikhailovich has these qualities and more.

At 19, he and his family members arrived in the US as immigrants from the Soviet Union with one suitcase and $100 in US dollars each. He put himself through college, went to work in finance, succeeded, and, thanks to his background, was immune to the “easy money” siren song

In other words, he’s not one of those guys who was born on third base and thought that he hit a triple.

There is nothing in this call about how to make money. It’s about the challenges of keeping the value you’ve created.

– Ken McCarthy

P.S. For over 25 years I’ve been sharing the simple but powerful things that matter in business with my clients.

If you’d like direction for your business that will work today, tomorrow and twenty years from now, visit us at the System Club.

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