An electronic engineer who worked as a Research Scientist at the Hewlett-Packard Imaging Systems Laboratory starting in 1975 until he resigned in 2003, G.S. thought HP represented the very best of American character — “a spirit of adventure and a belief in unlimited possibilities.”
“To me, this rabid fixation on short-term profits is a bigger threat than outsourcing — it is killing our ability to make astonishing things.”
He’s right. Everything in this Country revolves around “get rich quick”, or I should say get get rich quick without doing anything. As you look out at the accounting fraud of all of these giant companies it all revolves around making sure the short term outlook and profits are good so that the analysts will be happy and the stock price will stay high.
This comes up all of the time when Christina and I talk to our friends about property and interest rates. How many people have jumped on 4% adjustable interest rate loans? What do you think will happen interest rates over the next five years? Yes, that’s right, the interest rate will continue to go up. We have the lowest 30 year fixed rate for the past 20 years, think ahead past this month and exploit it.