The dramatic swings on
Wall Street over the last week may be worrying – but also provide reassuring
proof of the moral superiority of small business over big business.
Consider this. Wall
Street is dominated by the richest, most successful, best educated, and
cleverest people in the world. Yet they have all been running around like the
proverbial chickens.
First they panic, then
they decide things are not quite so bad, then they panic again, then...
All this, of course,
is due to the way they overvalued the markets in the first place.
Meanwhile, all over
the world, entrepreneurs and small businesses are simply getting on with their
work, not swinging back and forth between excessive optimism and unjustified
panic, just hoping to make a little more today than yesterday.
The best advice to
those businesses in the face of market uncertainty is easy – just keep doing
the same.