Let’s take a moment to review some of the year's major market and economic trends. Before I sign off, I’ll also pass along a few thoughts about what 2024 could have in store.
Tragedy in Israel
I'm writing to offer some thoughts on the horrific situation unfolding in Israel.
The devastating terrorist attacks have already cost thousands of lives and may profoundly affect the region.
While the violence might seem far away, behind every headline are real people, families, and communities that will never be the same.
Let's take a moment to grieve for the folks who are suffering and dying and hope for a solution that will save lives.
How could an Israel-Hamas war affect the economy and markets?
Taking Advantage of Innovation
Guess how the cruise industry started?
It actually took off as a result of the mass adoption of commercial jet flights during the sixties. (1)
Jets made it easier to travel faster than ever before. That sounded the death knell for lots of ocean liners.
But not all of them.
One company, Cunard, did something new. They added luxury and recreation to ocean travel, and the cruise industry was born. Today, it generates about $30 billion a year.
And that’s not the only time innovation created a new golden opportunity.
Distractions? Deep Work...
Quick question: What do you usually find yourself reading? News summaries, headlines, and quick bits to keep yourself updated? Or longer reads like books and articles?
We're ever more inundated with information that's eager to capture our attention.
We click because we want to stay up to speed and avoid missing out. The trouble is, the news is always changing. There's always a new headline or story to chase. And the more we chase, the more we feed the need for constant updates.
If you're like me, you're often wishing for more time to delve into the deeper stuff.