In the coming weeks, Americans will start receiving the COVID-19 vaccine. We were able to get to this point in about ten months – a remarkable achievement. In tests, the efficacy of the three vaccines that will hit the market have ranged between 90-95 percent – equally as amazing. Even more encouraging, the Moderna vaccine has shown to be 100% effective in preventing serious or life-threatening symptoms. COVID-19 has already taken more than a million lives worldwide and nearly 300,000 in the United States. This past week, COVID-19 surpassed heart disease as the leading cause of death in America. I remember not too long ago, when people were mocking the threat of the coronavirus on social media by posting statistics that implied it was less lethal than the flu. I don’t, however, blame them. They were misled.
Let’s face it, our politicians may have failed us (nearly all of them), but we don’t have to fail each other. Empathy and compassion are what we need in abundance. While my heart hurts for the economic toll the pandemic has caused to the travel industry, restaurants, and millions of other small businesses, there is light at the end of the tunnel. We are close to the end. Wear a mask, help a friend, and support strong relief legislation for the people who were hurt the worst. We have a lot of reason for optimism.
In less than four years, DEI went from being a widely accepted bipartisan solution for America’s precarious wealth and income gaps to the root cause of every failure known to man.
Professional investors know that the best way to make it big is to believe in something that almost everyone disagrees with - and be right. That could be a business idea, an investment opportunity, or a cultural trend.
Next week, I will be speaking at a Hispanic Leadership Summit at the United Nations. I was asked to speak on the topic of Unity. The following is a preview of my speech.