Nothing to Fear but Fear Itself

I was so moved by the words of FDR at his inaugural address, and struck by the timeliness of what he wrote for our own time as well, I wanted to share this excerpt.  Given March 4, 1933, this speech was delivered in the depth of the Depression.  “This is preeminently the time to speak the truth, the whole truth, frankly and boldly. Nor need we shrink from honestly facing conditions in our country today. This great Nation will endure as it has endured, will revive and will prosper.  “So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.     In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory.  I am convinced that you will again give that support to leadership in these critical days. “In such a spirit on my part and on yours we face our common difficulties.  They concern, thank God, only material things.  Values have

Read more

Autumn Contemplations, Financial Chaos, and Spring

The chaos in our financial markets seems to stand in contrast to the serenity of a beautiful fall day, with many-colored leaves on display and the gentlest of breezes giving them breath.  But look closely… I often find that my life tends to mirror and follow the season, both in exterior patterns and interior rhythms.  And perhaps the financial markets, which at a glance appear to be such a contrast to this autumn beauty, are doing the same.

Read more