This article accompanied a talk by Andrew Grant White, delivered April 12, 2021 as part of Richmond Area Mensa's "Meeting of the Minds" series.
An exert of the full article is published below, followed by a link to the full text.
Change Behavior – Recharge Productivity – Unleash Opportunity
This is not a conservative political article, per se. Facts. Are we data-driven or not?
To Create Your Renaissance, First Understand Your Dark Age
Life is what you make it. We can choose to be optimistic or pessimistic - personally and professionally. How is it then that at a time of unparalleled prosperity (“short-term” COVID-19 aside), ~30% of US citizens view socialism and communism favorably? Is our flirtation with well-proven historical devastation explained by stagnant wages, educational malfeasance, global warming nihilism…
…or loss of our American Dream? It is the latter, though not for reasons many may believe. If the American Dream is about making the next generation’s life better than the prior one’s, economics is primary. The metric of economics to study then is individual Productivity, defined as GDP growth– inflation – federal deficit spending – per capita impact. Productivity growth has lessened for 70 years:
If you identify the factors behind the degradation of productivity, you could change behaviors to experience a new growth Renaissance. As long-term productivity growth mirrors the wealth of a nation (or person), reversing productivity’s slowdown can increase opportunity in which Happiness can flourish.
Let the next 250 years of America commence!
The full talk can be found on Andrew Grant White's website.
Join us at 8pm on Monday, April 12th, 2021 for the latest in our series of short talks.
Members can check their email or the RAM Facebook group for the Google Meet link to join.
Life is what you make it. For 70+ years, we have increasingly lost the American Dream. However, we can still change our choices to reclaim it. Just 3 things (plus an honorary 4th) predict almost all productivity growth variation. Productivity flows from behavior. From productivity flows wealth and opportunity. From wealth and opportunity flows a real chance at Happiness – personally and nationally. We’re doing our Dark Age to ourselves. Choose time-tested behaviors to recharge your productivity to unleash much greater opportunity in your life. Create Your Renaissance.
About the speaker
Andrew Grant White has been an institutional and hedge fund investor for 25 years. During the late 1990s/early 2000s, he materially assisted in the turnaround of net new money flows at UBS in London as a global analyst (and at Citigroup prior). Following his return to the United States, he drove 25,000 miles through 48 contiguous states over 2 years to reconnect with America and write a book. Andrew has since operated hedge fund accounts at Timeous, Southridge, and Awaken Capital. Andrew is an Eagle Scout and holds a Bachelor in Finance, Master of Economics and the CFA designation. He also writes/speaks on economics, markets, and politics.
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