Should Joe Biden be popular because inflation is 3%, unemployment is 3.7%, and economy keeps charging along? (Very liberal) Paul Krugman, in the NY Times, thinks so.
Bloomberg (liberal and conservative) thinks not with a big reason being grocery prices are up 25% over the last three years. I agree and will add restaurant prices are up even more. Our family Christmas Eve dinner cost twice what it did a couple years ago (same restaurant and one less person).
When looking at businesses and their value you’ll see the same kind of perception difference as with Biden’s perceived popularity. Selling a business brings out all the flowery accolades possible. Evaluating a business makes people focus on the blemishes (and all companies have them).
A now retired intermediary would sing praises about how great his client’s business is and give all kinds of tips on how to quintuple it in three years. When asked to look at a company he wasn’t representing, he’d quickly give a long list of things wrong.
Last week a friend asked me how I thought 2024 will be. I said we’re looking forward to a good year as we have a lot we’re working on and in the pipeline. He agreed because 24 is his lucky number. Same conclusion, different perception on why.
It’s best to be optimistic based on facts, not perceived (anticipated) luck.
“The nice thing about being a celebrity is that when you bore people, they think it’s their fault.” Henry Kissinger
