02/08/09 | Comments (0)

There was an interesting article in IBD, referring to generation X and Y’s first exposure to “recession”.

It seems that they are having trouble coping with the reality of life.

Boomers are not immune to heart palpitations over the subject either. It’s no fun to “do without”, after having experienced a life of excessive consumption.

The difference in tempering and handling these challenging times?

Boomers have been there, done that. Gas shortages in 73, crash of 87, Asian contagion are all in their memory banks, and expectations are that this too shall pass.

Murray Ruggiero jr writes an interesting article in Futures magazine, describing the death of buy and hold investing. His thesis is that 1900-2007 was the consumptive years, and that now that the boomers are nearing retirement years, stocks are not as likely to be as demand driven.

I believe that teamwork plays a vital role in success, in individuals as well as organizations.

The young have much to offer in terms of energy, drive, creative ideas, understanding technology, and contemporary relevance. Social networking may be the Tupperware party and Amway to the X and Y population.

The deja vu crowd may lack some of those skill sets, but they are steeped in experience, varied successes and failures, and knowledge of what has and has not worked in the past. They are also beginning to understand the fleeting nature of life, as parents and loved ones are lost to father time.

All three generations may have numerous relationships in the “real world”.

Combining the talents and insights of the young and old offers more power and synergy to our lives.

As mom used to say, can’t we all just get along?

On the bigger picture, we will need the teamwork of many to fix some of the broader challenges that we are running into.

On a personal level, we need to face the reality that we are 100% responsible for our results in life.

Day by day, one step at a time.

Let’s make a difference in our own lives and the lives of others.


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