Therefore, if we do not see and feel the value in honoring those who died in the service of our country, then we simply will not do it, no matter what date we designate as Memorial Day.
The change that is required is spiritual; not material.
The Wall Street Mindset: An Ironic TwistIn my view, one of America's most challenging problems is that its citizens do not understand and/or feel the need for cultivating different spheres of life beyond those that directly maximize their self-interest in the short term.
In this respect, the economic mode of thought, which is both an effect and a cause of this cultural shift, contributes to this problem by influencing and/or dominating our thinking about spheres of life in which this manner of analysis is not appropriate.
In effect, what Americans require in order to address this fundamental confusion is an enhanced capacity for distinguishing various incommensurate spheres in their lives and to appropriately compartmentalize the economic mode of thought to those spheres in which it is best applied, while unleashing other emotional and spiritual forces in the spheres of life that most require them.This is where what I will loosely call the "investment mindset" can be very useful intellectually, emotionally and spiritually to those investors who have cultivated it. It may seem ironic to some, but investment is a craft that, when properly practiced, is a spirit-building activity. It is craft -- acquired only with great dedication -- that requires the conscious compartmentalization of rational and emotional processes into different spheres as well as the ability to harness these disparate forces toward the achievement of highly specific ends. This ability to compartmentalize various rational and emotional impulses and to clearly discern and apply their usefulness within various spheres is precisely the sort of ability that needs to be cultivated more widely in the citizenry of the U.S. -- or at least amongst the intellectual and spiritual leadership of the nation -- if there is any hope of resurrecting the values that are meant to be exalted in society through Memorial Day.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV