Can a recession be a good thing?
Selling during a downturn required a more strategic approach, but the opportunities for growth and expansion are available to the savviest of companies. Here are some of the best ideas I’ve read about.
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Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities. As an industry leader, he protects and improves the business environment required to close the wealth gap, particularly via homeownership. Amongst other endeavors, he is Co-Founder & CEO of NAHREP, the country’s leading Hispanic business organization, and Co-Founder of L’ATTITUDE, the preeminent platform for Latino economic empowerment. Acosta is also a general partner of L’ATTITUDE Ventures, the nation’s largest venture capital fund exclusively focused on Latino-led start-ups. Join Gary as he dives into today’s issues through many creative formats.
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There is a Chinese Proverb that goes something like this…
A farmer and his son had a beloved stallion who helped the family earn a living. One day, the horse ran away and their neighbors said “Your horse ran away, what terrible luck!”. The farmer replied, “Maybe so, maybe not. We’ll see.” A few days later the horse returned home, leading a few wild mares back to the farm as well. The neighbors shouted out “Your horse has returned and brought several horses home with him. What great luck!” and the farmer replied, “Maybe so, maybe not. We’ll see.”
Baby Steps and Quantum Leaps
I’ve written about this in other iterations. I’ve talked about finding your rhythm, and the importance of letting things come to you, not forcing things, and then riding the momentum when you have the wind at your back. The point of it all is that success is not linear. Progress doesn’t follow a straight line. For most people, the journey is long and winding. It looks more like a stairway or a hockey stick.
Why People Hate Diversity
I remember with NAR, the National Association of REALTORS®, invited me to participate on a panel session on diversity at their national convention back in 2002. I had never been to an NAR convention, but had heard that they were huge with 20,000+ attendees.
Closing the Minority Homeownership Gap Won’t Come Without Discomfort
It has been long understood that a nation of stakeholders makes for a strong union, and for that reason, closing the minority homeownership gap has been a goal and a topic of discussion for decades.
Who Gets Rich During a Recession?
Recessions are tough on the economy. Investment activity slows, credit is less accessible, and well-paying jobs become scarcer. However, recessions also tend to be when savvy people become wealthier. Bottom line question: Who are the winners during a recession and why?
What I Hope Happened on Tuesday?
Almost everyone, including Democrats, were expecting last Tuesday’s midterm election results to heavily favor Republicans. Many predicted a “red wave” where they would pick up 50-60 seats in the House and 3-4 in the Senate. Joe Rogan said the red wave that is coming will be like the elevator doors opening in the horror film The Shining.
Ye gets Cancelled
Ye, the entertainer and fashion designer formally known as Kanye West had a disastrous week. Always outrageous, his recent antisemitic comments were apparently the last straw; prompting practically everyone to sever ties with him, from his bank, JP Morgan Chase, to his billion-dollar shoe partnership with Adidas.
Housing: The Deeper the Dip the Sharper the Rebound
Between 2008 and 2012, more than six million people lost their homes to foreclosure, property values lost almost 40%, and non-distressed home sales fell to all-time lows. It was, without question, the worst real estate market since the great depression. Not surprisingly, the historic dip in the market was followed by a decade-long bull market, the likes of which we have never seen before. Residential real estate is a cyclical market. The…
What Can We Learn from the LA City Council Scandal?
Regardless of where you live you have probably heard about Nury Martinez and the circumstances that led to her resignation from Los Angeles City Council. The short story is Martinez, who was the first Latina to hold the position of president of the Los Angeles City Council was secretly recorded in a private conversation with other council members where she was heard making disparaging remarks about her colleagues and the two-year old…
The Cure for White Validator Syndrome
Click on the play button to listen to the audio version. This might be my most provocative blog in a while. Let me first state that I am happily married to a beautiful gringa. My kids are half- White and some of my best friends throughout my life have been White, so don’t let the…
Leading Up to 44
Click on the play button to listen to the audio version. The decision to invite President Barack Obama to the NAHREP Policy Conference last Spring was a decision I made with the NAHREP National Board. Anytime we have a political figure of that stature at one of our events, we know it will stimulate a…
Was John Leguizamo Wrong about Casting in Hollywood?
Click on the play button to listen to the audio version. A few weeks ago, Twitter was blowing up when John Leguizamo spoke out against the recent casting of James Franco as Fidel Castro in the independent film ‘Alina of Cuba’. Leguizamo took plenty of heat for his stance and was ridiculed by some including…
Two New Events at L’ATTITUDE
Click on the play button to listen to the audio version. L’ATTITUDE 2022 is less than two weeks away. This year’s event includes a concert at Rady Shell; the coolest new concert venue in America according to Forbes magazine. The concert is in partnership with La Musica, and will feature music superstars, Juanes and Farukko.…
Crabs In the Bucket
Click on the play button to listen to the audio version. I am basically on lockdown from now until the NAHREP and L’ATTITUDE conference. This year we have a concert with Farruko and Juanes, a gala with Lin-Manuel Miranda, a basketball game with Manu Ginóbili, and our usual cadre of CEOs, VCs, entrepreneurs, and celebrities.…
Let the Game Come to You; Then Ride the Momentum
Click on the play button to listen to the audio version. I had the honor of being the commencement speaker at the UC Irvine School of Business in June. I spoke about expecting the unexpected. I like to take a counterintuitive approach to business and life. I told the audience of 4000 students, faculty, and…
A Reminder Why L’ATTITUDE Matters
Click on the play button to listen to the audio version. In six weeks L’ATTITUDE will host its fifth annual event in San Diego, September 22 – 25, with another world-class lineup including CEOs, entertainers and some of the biggest names in business, media, sports and politics. This year’s event will bring back the Match-Up…
L’ATTITUDE Ventures Raises $100M: What Does That Mean for Latino Start-Ups?
Click on the red play button to listen to the audio version. Last week, L’ATTITUDE Ventures closed its first institutional fund, raising over $100 million through a strategic anchor investment by JP Morgan Chase and initial investments from the Trujillo Group and Bank of America. Other key investors in this fund, which is aimed solely at investing…
Clarifying My Actual Job
Click on the red play button to listen to the audio version. For those of you that read my blog regularly, let me first say, thank you. The overwhelming comments I get from my blog are very positive and supportive. However, some of them make me feel like I have to periodically clarify what I…
This is How We Close the Wealth Gap in America
Click on the red play button to listen to the audio version. The Latino wealth gap in America is large. While Latinos have the highest workforce participation rate and are leading homeownership and new business formations, closing the wealth gap has been slow. According to the most recent Fed Survey of Consumer Finances, Latino families…