Adams Myth explains “Everything will be looking up from now on.”
Photo: Rialto Bridge. Venice. Merchant of Venice. Merchant. Money.
Question: I’m a software developer for a big management consulting and outsourcing firm. Is it a bad time to seek a higher paying job at a smaller outsourcing firm in the country?
Adams Myth: Small firms enable talented young people to shine in a way that bigger firms cannot. But their smaller balance sheets and narrower customer bases make them more vulnerable in an economic crisis. Check first how diversified and stable the firm’s client base is.
Q: When do you think will we feel the worst of this crisis, after which we can breathe easy and say that “everything will be looking up from now on”?
AM: The real economy will hit bottom just before elections, but the recovery won’t be immediate. Look to the politicians to tell you that “everything will be looking up from now on”—if you elect them.
Q: Do you think Ayn Rand is wrong about objectivism and the “virtue” of selfishness?
AM: If you replace “selfishness” with “self interest”, she would not be far off. The latter is necessary for the invisible hand to work.
Post your questions in Comments.
(JZ: I don’t know about objectivism, and I’m definitely selfish, but I think The Fountainhead is a scream. All that heavy breathing and tearing off of clothes and descriptions of the hero’s muscles. There, two more people just ran off to get copies.)
Answers to questions you might be asking, unless you wandered onto this site purely by accident >>>
January 12th, 2009 at 12:59
Oh reading Atlas Shrugged is like having a month-long fever coupled by acute indigestion. All the nausea and short breaths. But at the end of the lenghty reading, you are more selfish and “virtuous”.
Share: I heard a joke a month ago: Here it goes, “The interesting thing about the balance sheets of USA is that when you look at the “right” (assets) there is nothing “left” and when you look at the “left” (liabilities and equities) there is nothing “right”.
January 12th, 2009 at 17:32
if it’s not yet a good time to buy property, is it a good time to travel? do you think the options for budget travellers will become significantly cheaper in 2010 or do you think prices won’t go down drastically in the next 12 to 18 months? what would be some cheap and reasonable travel destinations, if you would know of any?
*apologize if my question is bordering on “madam rosa new year’s special” coupled with Traveltime with Susan Calo-Medina.
January 13th, 2009 at 08:38
Thanks for answering mine and other people’s questions.
January 13th, 2009 at 09:34
Hm. Is it more practical/ a good time for people with creative jobs (graphic/industrial/interior designers, etc.) to work overseas?