In our professional lives, it’s likely we’ll all face at least two to three crises.
When I was getting out of college in Texas, I experienced my first crisis – the implosion of the oil and gas industry. The crash in the oil patch, similar in severity to the industry’s current debacle, produced bumper stickers that summed the sentiment of the times: “Dear Lord: Give Me Another Boom and I Promise I Won’t Screw It Up.”
Boom Times Today
In the wealth management business, we’re currently enjoying a pretty good run. The market is near all-time highs, and the gloom of the financial crisis has worn off. Many people are feeling better than they have in a long while. Animal spirits are running free.