Lots of Signs out there
I think circularly. Unfortunately I sometimes talk that way too so if you don’t know me well I am not always easy to follow.
There are a lot of signs out there that I am seeing. What it means is that change is happening, subtly but soon change creeps up to be the norm.
Let’s start with the art world. Older collectors collect very differently than their younger counterparts regardless if they have the same capital. Consumer products, even Vodka, are giving back a percentage of their proceeds to non-profit organizations. Major organizations both private and non-profit that put on annual events to raise capital are having a harder time selling their tables at those super high prices. High-end residential real estate is waning and there is an abundance of it. Companies are over-valued in the private sector until the public market creates reality and prices plummet. The economy is being built on paper. And of course there is huge amounts of debt. The realization is beginning to take place that start-up companies should not all be valued at the same price.
There are more subtle observations that I see and talk about in conversation. Yes, the art of the conversation but what will happen I am not sure. It points to the post I wrote this week about the cultural non-profit organizations that there is a shift as the millennials get older, Generation Z grows up and they begin to make their impact on how our lives and the importance they put behind equality and compassion of their fellow person.
Change is subtly happening and the impact will be in our face before we know it.