Blogs by Bahais

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The investment world’s obsession with “power” says a lot about our lameness as a society

Originally posted on the The Fruit Tree Blog

Ed has this to say about his blog:

I created this blog because I truly believe the teachings of the Baha’i Faith are destined to have a profound impact on the world we live in. I’ve always been a Baha’i, but it took me a long time to understand this. So I started writing about what I knew best — economics — and all the ways that the Baha’i teachings could improve our lives, and it kind of took off from there.

I write under a pseudonym, “Edmund Hollison”, because the nature of my real job prevents me from blogging about economics, finance, and related topics. I’m currently a publishing analyst for an investment bank, which simply means that I communicate my research and opinions publicly, including in written form. So out of respect to the bank I work for, and to avoid any possible conflicts, perceived or real, I leave my actual name off the site. It stinks, but that’s the only way I know of to be able to do both.

Random personal facts about me… I grew up in a Baha’i family and was born and raised in Massachusetts. My parents are from Iran and came to the US in the 1970s as many other Baha’is did (I guess I probably should have picked a more Iranian-sounding pseudonym, but oh well.) My educational background is mostly in economics and business. I live with my wife and two kids in Connecticut, and various dad responsibilities soak up most of my free time these days. I’m a huge Boston sports fan, mostly basketball, football and baseball, in that order. Otherwise I’m pretty ordinary.

It’s a privilege to write this blog and I feel honored by my readers. Please feel welcome, be engaged, leave comments, whatever. Please also circulate the blog to others who might be interested.

-“Ed”

S&P Capital IQ ad

When I first started working in New York, I would often walk by the NewsCorp headquarters on 6th Avenue on the way to my office and see a huge banner outside for the Fox Business channel. “The Power to Prosper”, the channel’s slogan, was emblazoned in huge letters on the ad along with the serious, stoic faces of the channel’s flagship personalities.

As time went on I noticed that this “power” theme is pretty ubiquitous in the investment world. Not coincidentally, CNBC, Fox Business’s chief rival, has a show called “Power Lunch” that also features recurring segments called “Power Pitch”, “Power Summit”, and “Power Summit”. For about a month my train was covered in ads for something calledS&P Capital IQ, a research and analytics product for investors whose marketing tag lines were similarly power-centric. “The power to globalize your capital”, along with the image of an…

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