Earlier this year Tom Barrack spoke about the economy and its uncertainty
and his source for wisdom on our current economic state might surprise you….but ” Chance The Gardener” spoke wisely and his statement is so true.
Tom Barrack, Jr, is Chairman and CEO Of Colony Capital, LLC a Private Equity Real Estate Company. Mr. Barrack has invested approximately $39 Billion in assets around the world and is considered one of the most successful Real Estate Investors in the world.
The following is from Tom Barrack:
We have all been seeking a scintilla of insight on the current crisis from the greatest minds in the world. Global statesmen, Nobel laureates, captains of industry, Wall Street wizards, financial pundits, and economic astrologists.
The most brilliant minds have all weighed in with a myriad of GPS coordinates attempting to map a way through the global economic crosscurrents. However, the most salient and timeless answer echoes from the soft and timid voice of Chance the Gardener, Peter Sellers’ character in the famous movie “Being There.”
Chance is a gardener who has grown to middle age living in a solitary room in a rich man’s mansion. Bereft of contact with other human beings, all he knows of the world he learned from television, his sole passion outside of his garden. When the mansion’s owner dies, Chance wanders out on his first foray into the world and is immediately struck down by the limousine of an adviser to the President.
The President has his hands full. The economy is slumping, America’s blue-chip corporations are under stress, and the stock market is crashing. Chance is introduced to the President who, mistaking the lowly gardener for an upper-crust business owner (Chauncey Gardiner), asks for his advice about stimulating growth. Not used to being around people, Chance shrank. Finally, he spoke: “Yes. In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again. As long as the roots are not severed, all is well and all will be well.” Thinking this is brilliantly insightful the advisor says, “I think what our insightful young friend is saying is that we welcome the inevitable seasons of nature, but we’re upset by the seasons of our economy.”
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