There is a strong quote from the early 20th Century that illustrates how economics and politics are inseparable. It goes something like this: “The worst illiterate is the political illiterate. He (the political illiterate) doesn’t hear, speak, or participate in political events. He doesn’t know that the cost of life, the price of food, rent, shoes, and medicine all depends on political decisions. The political illiterate is so stupid that he brags about how much he hates politics. He doesn’t know that from his political ignorance is born the prostitute, the abandoned child, and the worst thief of all, the bad (corrupt) politician…”
While I believe people and organizations that are locked into partisan politics do themselves and their members a disservice – avoiding politics altogether is worse. Being non-partisan means that you don’t have an automatic bias or affiliation with one political party over another, which is good, but it is not the same as being apolitical, which means that you don’t participate in political discourse at all. You can be non-partisan and still voice your political preferences. At NAHREP, we value members who are politically active. We need strong representation at the highest levels of both parties. We need influence regardless of who is in power, and you don’t get that by being apolitical. The Jewish community is a great case study. They may disagree amongst each other on many things politically, but when it comes to the things that really matter, such as prosperity, education, and civil rights, they tend to be pretty well-aligned with one another. We need to borrow a chapter from that book.
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.
Happy Thanksgiving! The blog will resume on December 8, 2024.