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  • When managers are afraid of redemptions, they get liquid. We all saw how many managers went from leveraged long in 2007 to huge net cash in 2008, when the right thing to do in terms of value would have been to do the opposite.

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When managers are afraid of redemptions, they get liquid. We all saw how many managers went from leveraged long in 2007 to huge net cash in 2008, when the right thing to do in terms of value would have been to do the opposite.

It's not like activist work is a nice add-on to what's really important, the spiritual work. The two are inseparable and it goes both ways. Many people are hardcore activists for decades, and they encounter burnout, futility, or a feeling of imbalance. Sometimes they need to go so far as to drop their activism and go on a spiritual journey. They're realizing that all the stuff they're trying to change in the world isn't just out there in the world. It's in them, too. And as long as they're blind to what's in them, they're going to continually re-create it in all that they do.
The best advice I've got was - "All you have is the process. All you have is the journey of making something. Once you're done you have absolutely no control on how it's received, or if people like it or hate it, or what is done with it. As long as you enjoy the process, then you'll always be happy." I really feel like that's important advice. Sometimes we get so focused on the results that we miss doing it - we miss the adventure of being in the midst of something because we're looking too far ahead.

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