High Gear January 18 2017

Posted by Rosalie McCloud on Jan 18, 2017
 

 

Gloomy, rainy Wednesday with low attendance, of members that is.  There were any number of guests and guests of the club.  Where oh where was President Stan, we wondered?  Clocked by the bug that has been hopping among and between us.  Get better, mister!!!

 
PLEDGE AND INVOCATION
In President Stan’s absence,  Bob Doerr called the meeting to order at the appointed time.   Mike Horwitz successfully recited the Pledge of Allegiance.  The lovely Marilyn Orr delivered the invocation
 

Guests of the Club

Rosalie McCloud introduced Burlingame Real Estate Broker extraordinaire Rachel Ni for her first visit.  Mike Horwitz introduced retired, former Chief Pilot of American Airlines Captain George Tucker, a former Burlingame Rotary Speaker, living in Spokane, Washington. Bob Doerr introduced his guest, James Johnson. Our speaker today, James F. Karel, was introduced, along with his assistant Emy De Vera, Director of Client Communications Silicon Wealth Advisors.
With great delight, we enjoyed the visit of the family of our Dave Carr who left us last year.  Present were Dave’s wife, Jane, son Mike, grandson Austin.  The Washington State branch of the family could not be in attendance.  Son Mike’s wife, member Cheri Carr joined the family a bit late.  We were grateful to hear that Dave had directed in his will that five Paul Harris Awards should be purchased in the names of each of his family members. 
A very special guest popped out from behind the drapes to preside over the awards ceremony. It was none other than Hillary Rodham Clinton who has time on her hands, so visited Burlingame Rotary for this special occasion.  Thanks to Dave and the Carr Family for all you do.  Happy to have Cheri to carry on the Carr traditions. 

Program

Speaker for the day was James F. Karel, President of Karel Capital, Inc., Spokane. Accompanying him as assistant for the day was Emy de Vera, Director of Client Communications, Silicon Wealth Advisors LLC.  Yes, I did ask, pretty please, for a copy of his Power Point (HELP!)  He is on the road, as we know, so could not share the Power Point without various disclosures and disclaimers added.  Jim Karel did tell me that you are welcome to contact him for perhaps a section of his presentation in which you have special interest. His email is jim@karelcapital.com. James is a portfolio manager and an investment advisor with three kids: Sofia, James, and Catherine.
 
Jim acknowledged that this could be a challenging time ahead…or not. Peter Drucker (1909-2005) considered the Big Macro Environment and concluded that the entire economy changes/turns/is rearranged every eighty years. People of various ages will find themselves at various points on the spectrum. 
One may be newborn, but be born in the 20th year, therefore deep into the then-occurring evolution over 80 years.  Lucky, we know, is the person who happens to jump on during a rising society.  Big news:  Fifteen- and sixteen—year-olds are known as the Homelanders generation.   Welcome and good luck
 
Introducing “The Black Swan.”  A black swan is an event, positive or negative, that is deemed improbable yet causes massive consequences.”   Hmmm, could it be?Saudi Arabia is to be observed.  All oil interests are owned by the government and is known as Aramco.  Saudi Arabia plans to take Aramco public, after which prices will rise. Chinese Leader Xi Jinping says, “I like the model of Putin – a leader among equals!” Odd things are happening.
To be watched: global elections; U.S./China/Russia relations; European Union/disunion; Middle East; Trade-Currency wars. Expect a significant dislocation in stock market; use cash to manage. Use gold for dollar-cost averaging.  Gold could rise to 3,000 or 4,000 between 2017 and 2020. It’s a global economy and there’s no going back.  We are one large, interconnected planet.
 
 
 
QUOTES OF PETER DRUCKER:
In business school classrooms they construct wonderful models of a non-world.
Doing the right thing is more important than doing the thing right.
The aim of marketing is to make selling superfluous.
Every time you do something that is important, write down what you expect will happen.
Change is the norm; unless an organization sees that its task is to lead change, that organization will not survive.
Culture eats strategy for breakfast.
Marketing is the distinguishing, unique function of the business.
The purpose of information is not knowledge.  It is being able to take the right action.
The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.
If you have more than five goals, you have none.
The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
Plans are only good intentions unless they immediately degenerate into hard work.
Mission defines strategy, and strategy defines structure.
 
NEXT MEETING:  WEDNESDAY, JANUARY 25
 
HAPPY BIRTHDAYS TO DR. PAUL NIEBERDING
AND ROSEMARY RAYBURN