There has been a lot of confusion as to what the current implications of the US Stock Market are and how, as individuals and business owners, we are affected by it. At the latest BarCampLA, Mahalo’s very own, Jason Calacanis and financial consultant Mike Patatian, lent their insights on the current economic situation.
Calacanis also dropped some highly anticipated info on the future of Mahalo and how the economic crisis has affected the state of his company. Being an outsider of Mahalo, Patatian provided his opinion on how individuals should react considering the market’s current state. He advised that investments are cyclical, there will always be new leadership in the market, and a new sector will always emerge. It is a phrase coined "From Rubble to Bubble." The seeds of the current economic crisis were sown from the last economic boom, and right now the seeds for the next expansion are being planted. For an investor, they key is to look ahead, not look back.
Towards the end, a question came from the audience asking about the 2009 forecast and if there are any bright verticals or mini-niches to be on the watch for. Patatian jokingly commented on how people are taking their money out of mutual funds and putting it away in safes. It is a sector that is booming and they cannot keep enough inventory in stock. Calacanis recommended investing in yourself. For example, if you are a PHP developer, invest in becoming a better one.
In conclusion, look to the future, and if all else fails, invest in a safe.
To view the rest of "The Economy and You" hit the Jump.
Aivea SharePoint Training -SharePoint 2007 Power User Training
Please visit http://www.aivea.com/sharepoint-training.htm.com for more details and registration ... more details More >>
The Coffee Bean - 8140 HAVEN AVE SUITE 100, Rancho Cucamonga, CA - 91730
Details:
Introductions
Technical chatter
Businses Opportunities Roundtable
Source Demonstration Please email ideas for further agenda details to the organizer(s). More >>
Address:
5405 Wilshire Blvd, Los Angeles, CA 90036
Our upcoming meeting will focus on the effect of social media on the film industry.
We will cover:
* Digital distribution
* Social discovery
* Marketing/PR in this new landscape
* DRM
* Democratized content
* Opportunities for indies
* The importance and power of community
* Legal considerations
* And much more More >>
About:
Here's your chance to present an innovative project, service or technology to the larger LA Tech Community. Format:
Five people get five minutes to wow the crowd, followed by five minutes of More >>
http://lajug.org/
The Los Angeles Java Usersâ Group is an informal non-profit organization that serves the greater Los Angeles area community of Java developers and enthusiast. More >>
Screen Actors Guild - 5757 Wilshire Blvd, Los Angeles, CA - 90036
Details:
Thanks to all who made it out to the very social November meetup at Barney�s Beanery. Next Wednesday, December 3, we are hosting another Hollywood Web Television Meetup at the Screen Actors Guild in Los Angeles� Miracle Mile. More >>
Earthbound Media Group - Headquarters - 14988 Sand Canyon Avenue, Studio 5, Irvine, CA - 92618
Details:
Mixergy is bringing together the tech community in Orange County thanks to Earthbound Media Group!
About Lunch 2.0:
It's a very casual event. Earthbound Media Group will provide lunch. We'll all get to chat and make new ... more details More >>
Tags
TrackBack URI for this entry
Subscribe to this comment's feed
Show/Hide comment form
