Month: October 2022
Passion Blog #8 – Review of “One Up on Wall Street” by Peter Lynch
Even as someone who plans to major in electrical engineering, I have always held a deep inf finance. During my sophomore year of High School, I channeled my inner Warren Buffet and became so obsessed with the financial markets that I spent countless hours a week analyzing economic news and indicators that could predict future market behavior. To reward my fervor, my grandfather endowed me with a brokerage account to manage, as well as a copy of One Up on Wall Street by Peter Lynch. While my grandpa knew that I could understand GDP reports and even fluctuations in monetary policy, he feared that I lacked an understanding of the power of long-term investment. One Up on Wall Street was consequently a perfect gift for my situation, as it presents a detailed explanation of the philosophy of “value investing” by one of the most successful hedge fund managers of all time. The book is an easy read and avoids the technical jargon ubiquitous in Wall-Street circles while demonstrating a practical guide to crafting a successful investment portfolio.
Lynch starts the book with a basic idea of what “value investing” means. At its core, it is the principle of searching for discrepancies between how the market values companies and the actual potential of the companies themselves. And while this type of investing can involve a great deal of research and analysis, Lynch explicitly notes how some of his greatest investments were the simplest. He recalls multiple instances where he could sense the rising consumer demand around “hot “companies and decided to invest in them. In these instances, Lynch recalls profiting five or even ten-fold his initial investment, although this frequently required the patience to hold through the dips and plateaus along the way.
For the more advanced and technically inclined investors, Lynch elaborates upon this basic idea of “value investing” with concrete research that can be done to determine if a company may be “undervalued” relative to its market price. For instance, he cites a low P/E (stock price divided by company earnings) ratio as one of the most important indicators of a stock being undervalued, especially when compared to other similar companies in its sector. He additionally notes the importance of a strong balance sheet and considering how much debt a company is carrying relative to its equity before investing in them.
As a young investor who was more of a short-term “trader” in the market looking to make quick money, my grandfather’s gift of One Up on Wall Street was a much-needed reality check. Lynch’s legendary legacy as a Wall Street icon is only enhanced by his book’s straightforward and easy-to-follow strategy that enables one to generate large returns without sacrificing your life to watch stock prices. For anyone new to the idea of investing in the stock market or even an experienced investor eager to capitalize on their returns, I cannot recommend One Up on Wall Street enough.
RCL – Favorite TED Talk and Unit Two project Brainstorm
This TED Talk from Sam Burns is certainly one of my favorites as it cultivates some much needed personal reflection about our attitudes towards life. Sam, who is diagnosed with a rare neuro-muscular disorder called progeria, explains that he doesn’t want the pity of other people for the disadvantages presented by his condition, but wants everyone to know that he lives a happy and fulfilling life. In our modern culture that often emphasizes the importance of material success and prosperity and equates these things with happiness, it is refreshing to hear Sam’s personal testimony to the importance of personal philosophy and attitude. In delineating his personal philosophy, Sam covers three main points: we must focus on our strengths rather than our weaknesses, surround ourselves by people that support and love us, and continually strive change the world. Overall, Sam’s talk is inspiring and motivating; a reminder that we aren’t defined by our external circumstances, but by our internal character.
I have a few possible ideas for topics that I believe would allow for in-depth research regarding how attitudes/ideologies surrounding them have changed in our culture over time. My first idea is to explore the changes in family structure over the past few decades, namely the rise in single motherhood. I think that this topic lends itself to a wide-variety of research methods including the possibility to explore longitudinal studies and statistical analysis, as well as personal testimonies and examples. I would like to explore what specific cultural attitudes, political policies, or events could have precipitated the rise in single motherhood. Another topic that I would like to explore is the recent shift in the workforce that favors working from home over commuting. This is a very recent trend that largely owes its shift to the onset of the COVID-19 pandemic, which revolutionized working from home on an unprecedented scale. Certainly this is a trend that is being studied in depth by many social organizations and there should be an abundance of recent surveys, statistical analyses, and testimonies that could support the validity of this topic as a paradigm shift. The last topic that I am considering is investigating how religious participation has changed over time in the United States. I would like to investigate what events, attitudes, and things led to America’s decline from an extremely religious nation to one that is increasingly agnostic and secular.
Passion Blog #7 – Review of Fahrenheit 451
After a couple of weeks of switching up the genre to nonfiction, I am back this week to review another classic dystopian novel, Fahrenheit 451 by Ray Bradbury. In a futuristic environment that is somewhat akin to that of Brave New World, the society is oversaturated with cheap media and entertainment while books and other activities that encourage any sort of deep intellectual stimulation are outlawed. The story centers around the character of Guy Montag, a fireman whose occupation centers around burning books and prosecuting those who get caught hiding them. After encounters with a young girl named Clarisse, Montag becomes increasingly interested in answers to deep philosophical questions he had never before pondered. Consequently, he decides to search for the answers in the items that it is his job to burn, books! His introduction to literature ignites a passion that cannot even be tamed by his fire chief, Beatty, who cites confusing and contradictory excerpts from various books in an attempt to convince Montag that reading is useless and ought to be suppressed. After being caught for hoarding books by his own wife, Montag burns Beatty to escape arrest and becomes a fugitive running from the “Mechanical hound”, a robotic monster that is unleashed to catch and kill Montag. The story finishes with a dramatic manhunt that warrants the coverage of national television stations. In the end, Montag is able to escape into the countryside and meet an “underground” network of intellectuals who share a passion for great works of literature and philosophy. While the story ends without a definite outlook of the future, Montag ends up formally joining the group whose goal it is to re-write the great works they have memorized and eventually rebuild civilization.
In a time when our society barely consumes any social media, television, and other forms of instant gratification, Fahrenheit 451 is a reminder for us to never forget the importance of literature in maintaining a thriving and rich culture. Otherwise, we will become just like the characters envisioned in the world of Bradbury, complacent and mindless citizens simply moving through space without any real purpose. Bradbury also reminds us of the importance of defending great literary works against efforts of censorship. Implicitly, Bradbury advocates for the importance of free and open expression to cultivate a nation of free people. Without the opportunity for free expression, a society quickly crumbles towards despotism and autocracy. Like 1984 and Brave New World, I highly recommend reading Fahrenheit 451 if you are interested in learning about the potential ways in which our society can retreat from democracy, and what we need to do to avoid it.
RCL Blog – Peer Review and Personal Analysis of Speech.
While I believed that I did a fairly good job of analyzing the rhetoric used by Ben and Jerry’s in their “Circle of Life” infographic through multiple relevant lenses, I think that there are multiple aspects of my speech that I could improve upon. Primarily, when considering the five canons of rhetoric, I think I could most improve on my style and delivery. While the actual information and arraignment of ideas undergirding my speech was very good, I believe that my presentation of the ideas inhibited my speech from being as effective as I intended. For instance, I reviewed Matt Underhill’s speech and noticed that he frequently utilized hand gestures to accentuate specific points, or to represent his points in a visual manner. He also did a much better job than I did of altering his tone to add emotion and emphasis to his speech. I believe that implementing some of these techniques into my speech would greatly enhance its rhetorical appeal to the audience without any fundamental changes in the information I’m presenting.
In terms of what was successful about my speech, I think that I did a great job of ensuring my slides were not overloaded with written information, but were mostly confined to helpful visuals. In this sense, I could appeal to the audience’s psychological capacity to retain information better by utilizing visual aids to “supplement” rather than “replace” the contents of my speech. Similar to Matt, I also utilized visual markers such as arrows and shapes to highlight specific information on the slides as I mentioned it in my speech, improving the audience’s ability to engage with the information I was presenting. I also think that my variety of different lenses ensured a broad rhetorical analysis that avoided overfocusing on small or insignificant details. For instance, I structured my speech to intentionally build from the most tangible rhetorical element (How does the infographic appear?) to the most abstract rhetorical element (How does the infographic connect to popular social movements and ideologies?). By doing this, my speech presented more than a surface level analysis of the artifact and actually considered how it engages the American civic. Matt constructed his speech to similarly build from the most obvious elements to the more abstract and indirect ones. One piece of analysis that he incorporated that I wish I would have included was a connection to the U.N Sustainable Development Goals, which was especially relevant to both of our speeches since they involved companies pitching their commitment to sustainability.
Passion Blog – Review of Charlie Wilson’s War
For this week’s passion blog, I will be reviewing Charlie Wilson’s War by George Crile. In accord with last week’s trend of shifting the genre from dystopian to nonfiction, this novel conveys another fascinating story about a historical event that is somewhat enigmatic from the perspective of the public. Namely, it covers the efforts of a rogue Democratic Congressman, Charlie Wilson, to raise federal funding for the Mujahideen to fight against the Soviets in Afghanistan during the Cold War. Viewed by some as an anti-communist patriot and by others as a Washington degenerate that over stepped his authority as a legislator, Charlie Wilson remains a controversial figure to this day. After all, the most iconic figures in politics rarely follow what others do, but rather pursue new things that others may follow. While the operation was venerated and celebrated in the immediate aftermath of its success, the ensuing decades of intervention in the region against radical Islamic groups challenge whether the operation was truly a geo-political win.
As with The Big Short, Crile does a superb job of actually telling a story, leading the audience to be genuinely entertained while learning far more about the event than one would from a jargon-filled historical analysis. For instance, the eccentricities and debauchery of Charlie Wilson are readily integrated into the storyline, such as the fact that he was under federal investigation for cocaine use in three different jurisdictions (including the Cayman Islands). While the emphasis on character development develops “side-stories” that engage the reader in tandem with the central plot, it also accentuates the unlikelihood and improbability that Wilson’s plan was to actually succeed. In the end, it was Wilson’s uncanny ability to network and develop connections with others such as Joanne Herring, a republican socialite whose staunch anti-communism led her to go as much as meet with Mujahideen leaders in person, that propelled it forward. Along with Wilson, responsibility for Mujahideen funding can be additionally credited to the CIA operative Gus Akrakotos who merged the efforts of Wilson in Congress with the prime agency responsible for sponsoring clandestine anti-communist operations, the CIA. Like Wilson, Akrakotos is portrayed as an eccentric and ambitious operative who induces both the extreme praise and scorn of his colleagues. The cooperation of this unlikely duo makes the story all the more fantastic, especially given the fact that its grounded in reality.
For anyone interested in a novel that explores our efforts in the Middle East during the cold war or simply interested in a thrilling and exciting novel, I cannot recommend reading Charlie Wilson’s War enough. As The Big Short does with Wall Street, this novel similarly exposes the seemingly unorthodox and even scaringly informal ways in which politics operates within Washington. It is a novel that reminds us that there is always far more going on “behind the scenes” than we could ever imagine.
Rhetorical Analysis Essay – Updated Draft
“Reduce, Reuse, Recycle.” This is undoubtedly a cliché that most people associate with their initial introduction into the climate activism movement; unsurprisingly, given its ubiquity in the media and classroom when discussing the environment. In fact, the origin of this slogan coincided with the rise of environmental consciousness during the 1970’s when more Americans “were demanding that air pollution, waste and water quality needed attention” (Pantheon Enterprises). Being associated with the passing of the Resource Conservation and Recovery Act, the “Reduce, Reuse, Recycle” campaign appealed to a rhetorical situation in which taking care of the environment was becoming more of a critical social issue. Additionally, its simplicity and catchiness made it an ideal way to motivate the public to basic, but effective steps for action. Interestingly, as environmental consciousness has increased in popularity as a commonplace in our society since the 70’s, Ben and Jerry’s recently published an advertisement called the “Circle of Life” that mimics many of the rhetorical choices of the “Reduce, Reuse, Recycle’ campaign. Both advertisements manifest as a circular diagram, exploiting our tendency to process concepts by breaking them into smaller, interconnected ideas. Furthermore, both campaigns utilize visual rhetoric, the sources of trust, and appeal to larger political and social movements. Albeit the Ben and Jerry’s advertisement does so in a much more complex way, expanding upon the choices of the earlier campaign to broaden the rhetorical appeal.
The visual designs of both the “Reduce, Reuse, Recycle” and Ben and Jerry’s “Circle of Life” advertisements are consistent with human psychological tendencies for retaining and engaging with the information. The central theme of both is that of a cycle, with three arrows connecting each idea to the next. By doing this, each advertisement can create a sense of coherence in their message and divide the audience’s attention to each point and lead them chronologically to the next point. However, while the “Reduce, Reuse, Recycle” ad only uses arrow to connect between singular words, the “Circle of Life” connects multiple sentences for each idea. Such a discrepancy displays one major difference in the rhetorical purpose of each advertisement; while the “Reduce, Reuse, recycle” campaign was simply intended to be a catch phrase that would resonate with a public relatively new to environmental conservationism, the Ben and Jerry’s appeals to those truly invested in social activism. Given the general principle that our brains can only comprehend so many words at once, the “Reduce, Reuse, Recycle” campaign is much more effective in engaging those that simply see the advertisement at a quick glance. The Ben and Jerry’s ad, on the other hand, is less engaging to a normal citizen taking a quick glance but is extremely useful for those seeking an in-depth description of Ben and Jerry’s plan to pursue various avenues of social activism. The use of specific colors in each advertisement also has a clear rhetorical purpose. Both ads are heavy in green, especially the “Reduce, Reuse, recycle” campaign which solely uses green, a color that is generally associated with nature and the environment. Ben and Jerry’s advertisement is also heavily saturated with a clear blue, appealing to the environmental goals of clean water and air. Additionally, the Ben and Jerry’s advertisement incorporates actual photographs that help the audience quickly build associations with the written information presented. For instance, the scene of cows grazing on a farm builds an association with ethical farming practices and local resourcing, the image of a factory surrounded by trees and imprinted with a globe builds an association with a clean and efficient manufacturing process, and the final image of a group of people touching a globe develops a cumulating association with community and charity. that builds associations with each of the ideas presented. For instance, the cows help build an association with ethical farming practices, the earth on the factory helps build the idea of a clean and efficient manufacturing process, and the people touching the earth builds a sense of community. Hence, the use of visual design choices to develop general associations with environmental activism and enhance the ability of the audience to engage with its rhetoric is demonstrable in both advertisements. However, the Ben and Jerry’s advertisement incorporates more complex design choices as the nature of the advertisement itself appeals as an infographic for more serious social and political activists concerned about Ben and Jerry’s position on these issues, rather than a general public campaign in the case of the “Reduce, Reuse, Recycle” advertisement.
As both the “Reduce, Reuse, Recycle” campaign and “Circle of Life” advertisement seek to establish the trust and credibility of their audience as a fundamental rhetorical goal, both utilize appeals to pathos, ethos, and logos. As the “Circle of Life” advertisement contains many rhetorical and structural similarities to the earlier “Reduce, Reuse, Recycle” campaign, it is no surprise that they use similar methods to establish trust, although the Ben and Jerry’s advertisement includes additional techniques to broaden its rhetorical appeal. Beginning with the concept of logos, the structure of a circular diagram is important to establishing an argument that is coherent and reasonable. Reduce, reuse, and recycle are all verbs that are self-evident to most people, and we can see how they fit together as cycle of repeatable actions that are easy to apply to our everyday lives. The “Circle of Life” has a similar logos in that it concepts multiple ideas as a coherent message of Ben and Jerry’s plan for social action but incorporates more complex concepts than simple verbs. As a viewer of the ad, the information flows from a statement of their commitment to what goes into their food, to a statement of their commitment to the manufacturing process, to a final commitment to utilize their influence as a company for good. In this sense, Ben and Jerry’s presents their unchanging character as a socially conscious company from their cultivation of raw materials all the way to the decisions made at the highest level of management. And while both these advertisements illustrate their message in a way that is reasonable and logical, such efforts are in vain if the audience lacks a fundamental trust in the character or “ethos” of the entities presenting their arguments. With respect to the “reduce, reuse, recycle” campaign, its use coincided with a time of concrete political action on environmental issues, such as the introduction of Earth Day by Wisconsin Senator Gaylord Nelson on April 22, 1970, as well as the formation of the environmental protection agency (EPA) and the passing of the Resource Recovery Act. Hence, the three-word slogan became associated with the cumulative effort by federal, state, and local governments to promote conservationism, making it associated with real civic action. On the other hand, Ben and Jerry’s uses specific language in the advertisement to build upon their ethos as “a socially progressive company” that has a track record of speaking out on hot-button political issues. Furthermore, they state in their advertisement that they will hold themselves accountable to their promise to promote sustainability by publishing a “report on our progress annually”. This gives Ben and Jerry’s additional credibility as someone viewing the ad is more likely to engage with their message if they think they will follow through with it. Finally, Ben and Jerry’s use pathetic appeals to make their message personal and individualized. Namely, they state that they “care about you” and “care about making the earth beautiful”. Such statements do not necessarily add informational value to the message of the advertisement, but they make the message seem more human and individualized, rather than robotic. The utilization of the second person makes the audience feel like they are being directly reached out to, while the adjective “beautiful” leaves a simple, but profound image of earth that Ben and Jerry’s are trying to cultivate.
For a slogan or advertisement to engage the public, it must resonate with the deeply held values and beliefs held by members of the public. Consequently, it is unsurprising that both the “reduce, reuse, recycle” and “circle of life” advertisement articulate views common to popular political movements and ideologies as an effective form of rhetoric. As referenced earlier, the 1970’s, which was the time when the slogan gained national attention, were a time when environmental issues became significant in the American political sphere. The post-war economic boom had generated significant problems with waste and pollution, prompting activists to advocate for awareness as well as definitive restrictions and regulations. And while the message of “reduce, reuse, recycle “does not insinuate any complex plans or policies to help the environment, it is effective in the sense that it attempts to make environmental activism accessible to average citizens. Most everyday citizens are not interested in reading complex manifestos about reducing carbon emissions through economic policies, but they are open to the idea of reducing their environmental footprint through simple steps. The Ben and Jerry’s “circle of life” advertisement also includes rhetoric connecting to specific political ideologies and movements, albeit in a way that intrigues more committed activists than the general public. While many Americans could not care less about where Ben and Jerry’s stands on significant social issues (they still make delicious ice cream), there is an increasing number of socially liberal consumers, especially among the youth, that will only support corporations that advocate a progressive stance on social issues. Ben and Jerry’s make specific appeals to this political ideology in their advertisement when they note that ensuring a clean manufacturing process “is a matter of social and economic justice”, terminology that may not be familiar to the more conservative-minded audience. They also note that they are willing to “speak up about issues we care about”, insinuating that Ben and Jerry’s will continue to advocate and support a progressive political stance given the central message of the ad and what they have previously believed. Consequently, making claims that intrigue trending political ideologies is a rhetorical tactic used by both advertisements, yet they differ in purpose between bridging the public to this ideology (“reduce, reuse, recycle”) and solely focusing on gaining the favor of those already familiar and supportive of the political ideology (Ben and Jerry’s).
Passion Blog #5 – Review of “The Big Short”
While all of my previous blogs reviewed dystopian novels, this week I will be reviewing a story that captures a real historical event. Interestingly, the event was such an incredible catastrophe that it probably would have been considered “dystopian” before it actually happened. The name of the novel is The Big Short by Michael Lewis, author of other iconic stories such as Moneyball, Liar’s Poker, and The Blind Side. Lewis’ ethos as a great storyteller certainly did not disappoint in this work, as it makes the complexities and intricacies of the 2007-2008 economic recession personable and understandable to someone completely unfamiliar with the financial sector.
One of Lewis’ greatest feats is his characterizations of the wall street insiders that foresaw the collapse of the U.S financial and housing markets such as Michael Burry, Jared Vennett, and Steve Eisman among others. Each character is depicted in a way that juxtaposes any stereotype of a wall street analyst, with unbelievably eccentric and unorthodox behavior. Burry, for instance, is portrayed as a slightly autistic, but brilliant money manager who actually made it through most of medical school before discovering his affinity for trading stocks. His impeccable ability to focus intently on tasks that interest him leads him to read thousands of reports on mortgage backed securities and realize the discrepancies between actual risk and how the securities are being evaluated by rating agencies such as Standard and Poors. Consequently, he allocates most of the money in his hedge fund towards “shorting” (or betting against) these mortgage backed securities, inducing the fervent anger of his shareholders. Despite this, Burry remains a brick wall, doubling down on his “billion dollar” bet against the housing market by freezing the positions of his shareholders so they are unable to withdraw any funds. In the end, after years of confusion to Burry as the mortgage securities remained valuable despite the underlying assets failing, he is heavily rewarded on his initial bet, earning himself and his shareholders hundreds of times their initial investment while the rest of wall street struggled to avoid bankruptcy.
The Big Short serves many different functions at once; it acts as both a story of the past and a warning for the future, a reflection upon tremendous feats of human intelligence and a reflection upon tremendous stupidity and greed. Regardless, it is undoubtable that the “The Big Short” has captured the attention of readers intrigued more to learn about how the system of American banking, which seemed so stable, could have been so corrupt and negligent. Moreover, it made Wall Street something that we could relate too and realize that it operates with far more informality and uncertainty than we would ever except.