The problem is not the use of the word pivot; it is this modern idea that we have to be on one extreme or the other. Today, the Fed must be either raising interest rates to fight inflation or lowering interest rates to fight a recession. This is absurd.
To be understanding, one has to be in relationship. We have lost a great deal of that relationship-building over the last two and a half years. Our reaction to COVID may very well end up doing more harm to our society than the virus itself. Human interaction is of utmost importance.
If one seeks the right answer, she must ask the right question. Should we forgive student loans? Wrong question. Why does college cost so much that one has to take out a mortgage-sized loan to pay for it? That is the right question.
The primary value, in my opinion, is independence. It boils down to one question: Who is the boss – is it the client, or someone else?
The original mutual fund scandal boiled down to large brokers getting preferential treatment at the expense of small investors. This 2.0 version boils down to the same thing: Large consulting firms are receiving preferential treatment at the expense of smaller firms and investors.
