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Archive for the ‘Trust’ Category

Charles Lewis: 935 Lies/The Future of Truth and the Decline of America’s Moral Integrity

Posted by Larry Doyle on June 23rd, 2014 8:42 AM |

One of the best lines I ever read in The Wall Street Journal was attributed to then CEO of First Boston, Allen Wheat. When asked about a senior executive who had recently departed the firm, Wheat rhetorically inquired and responded, “How do you know when he is lying? His lips move.”

Regrettably, couldn’t we say the same about so many of our so called political and business leaders? I think there is little doubt.

Life in and around Washington, Wall Street, and elsewhere in America now seems much more to revolve around rationalization than integrity. With the media often complicit in allowing the lying to go fully unchecked, our society suffers. Against this backdrop, I am very excited to pick up a copy of a book scheduled to be released tomorrow entitled 935 Lies: The Future of Truth and the Decline of America’s Moral Integrity written by a new Sense on Cents favorite, but longstanding journalistic giant, Charles Lewis.

What are some of the Lies for The Ages, as designated by Lewis?: (more…)

Charles Lewis: If Truth Be Told

Posted by Larry Doyle on June 19th, 2014 9:50 AM |

The truth.

The health of our democracy demands that we pursue and embrace the truth wherever it may take us and whatever we may learn. Regrettably as a nation the truth often largely escapes us due to forces wielded by those who might suffer in the process. We see evidence of this reality almost on a daily basis.

Investigative journalism is critically important to unearthing the truth yet this most noble undertaking remains under serious pressure. Fortunately we have individuals like Charles Lewis, one of the most highly distinguished investigative journalists in our nation’s history, to fight back against the tide.

Lewis provides fabulous context on this topic in a recently penned 3-part series entitled If Truth Be Told. In light of all that is going on in our nation, this series qualifies as an absolute must read and an instant Sense on Cents classic. As a teaser, I welcome providing a few snippets of Lewis’ work. Let’s navigate.  (more…)

SIFMA to Address Investor Distrust of Wall Street . . . Really?

Posted by Larry Doyle on December 9th, 2013 6:34 AM |

When those paid to promote an organization or industry acknowledge that customers do not trust you, then you know you have a real problem.

On that note, Wall Street and, dare I say, Washington as well have real problems. Let’s navigate and work our way through some smokescreens.

The industry’s own trade organization, SIFMA (Securities Industry and Financial Markets Association), has recently launched an initiative designated as Our Partnership with You:

This is just one part of a series of initiatives that SIFMA will be rolling out to demonstrate our commitment to putting customers first.

Really? So quaint. Watch your wallets, folks. (more…)

What Is “THE Key” to Asset Management Success?

Posted by Larry Doyle on March 11th, 2013 8:44 AM |

There are many factors that go into developing and maintaining a successful business enterprise. If you were asked, though, what is the single greatest key to business success, what would you say?

Gven that this blog is all about helping people navigate the economic landscape, let’s delve into what asset management firms believe is the key to their success. It should come as no surprise. The FT highlights this key point this morning in writing:

It is often said that trust is the hardest thing to gain, but the easiest to lose. The experiences of many fund management companies over the past few years are testament to that. (more…)

1 in 5 Trust Our Banks

Posted by Larry Doyle on January 28th, 2013 8:56 AM |

What is the basis of any relationship?

Trust.

How much do you want to engage somebody if you have little to no trust in that individual or institution? Obviously not much. A healthy society is one in which trust is pervasive. The premise and foundation of trust within our relationships allows for the free flow of information, capital, and goods. Everybody benefits.

Regrettably, our nation has an enormous trust deficit currently. Why so? Once violated, trust does not easily or quickly return or regenerate. Although many within positions of leadership in our nation would like to present the rebound in our markets and supposedly within our economy as indicative of a return to a healthy nation, they are FOOLS if they truly believe that. Why so?  (more…)






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