Sunday Thoughts: Airports and Air Travel

I admit it.  I can’t help it.  I love airports and air travel – most of the time.

Have you ever walked through a commercial airport and wondered, “Where did that person come from?  Where are in the world are they going?  I know I do all the time.

HULTON ARCHIVE / GETTY IMAGES

Air travel used to be an incredible experience.  People dressed up.  Passengers could not wait to get to the airport.  They were excited for the chance to fly across the country in a single day or night, and when they were on board they were treated like Queens and Kings.

Now people cannot stand to fly.  From the moment they leave their house the stress levels explode.  They loathe the long lines at security, the delays, the lost luggage, the angry and frustrated Staff, not to mention the overall crummy onboard experience including small seats, terrible food, and incredibly expensive and slow wifi.  (I know… I know… I should remember that we are talking about a tube moving through the sky at 400MPH and at 30,000ft getting internet).   The list goes on and on.

It’s sad to me.  I look at old photographs from the days of PanAm, Eastern and other great carriers, all gone, and I realize that we’ve lost something.  We’ve lost the passion, the excitement, and the anticipation that once was all around air travel and airports.

Of course, I know all too well that airlines are companies that have to make a profit.  They are highly capitally intensive entities with multiple cost components that are very hard to predict, much less control.  It is an incredibly tough space to make money in.  I get it very well given my various experiences in the aviation industry.

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But… with all that said, someday, I’d sure love to see the excitement, anticipation, and glamour return to airports and air travel around the world.

Reading Recommendation: Strategic Stimulus

Sound investing is all about digesting large quantities of macro and micro information and synthesizing that information into a view of a particular company or market.

One of my daily morning reads is the Strategic Stimulus newsletter.  Authored by some brilliant US military Veterans I find it a very insightful way to start my morning.  It gives me a timely and accurate view of the macroeconomic forces acting on the market for the day.

The team there also makes recommendations.  While my individual approach is generally long-term buy and hold, I find their work to be a compelling and thoughtful read – especially for the part of my portfolio that I trade more actively.  

If you are an active daily or weekly trader I think you will find their recommendations simple, understandable, and easy to execute.

They offer a free 14-day trial which you can sign up for here.

You can also follow them on Twitter at @strategicstim.

 

Bitter Rivals – Iran and Saudi Arabia and the dynamics in the Middle East

Bitter Rivals – Iran versus Saudi Arabia

Successful international leaders in the private-sector, public-sector, and non-profit sector must fully understand the environment they and their organization operate in.  This is hard work and requires consistent dedicated study and focus – especially in the Middle East. 

Leaders in the region need to understand the synergistic effects of the political environment, the business environment, the social dynamics, and the religious and tribal dynamics – just to name a few.  All of these elements are critical to understanding context – perhaps none so much as the religious and tribal elements together.

PBSs’ Frontline recently did a two-part piece entitled “Bitter Rivals”.  This outstanding series lays out for the viewer the dynamics between the Kingdom of Saudi Arabia and Iran.  At its core, the series unpacks the centuries-long dynamics between Shia and Sunni Muslims.  I found it a must watch for anyone working in that region or wanting too.

The link to this program can be found here.  PBS FrontLine

 

The Leader’s Playbook-5: Taking the time to think

We live in an incredibly saturating world now.  Technology is wonderful, but at times can be overwhelming.

Literally, by the second we are faced with smartphones, cable TV, the internet, tablets etc.  The onslaught of available inputs is out of control.  It is impossible now to actually be bored – as long as you have a signal and battery life.

One of the things I’m working on now is trying to cut away from these things.  To turn off my cell phone, step away from the internet… and simply and purely find the time to think, focus, and concentrate.  To focus on the essential and the vital, and to understand what is really essential, and equally important what is not.  I’m blocking time each day to do this.

Time is the most valuable thing in life…  and for me, I certainly need to constantly remind myself to concentrate and focus on the most vital and essential things.  I have a lot of room for improvement!

Book recommendation: Greg McKeown’s book “Essentialism, The Disciplined Pursuit of Less”.