A Lesson From Madeleine Albright | Wisdom, Wealth, and Wellness

Jonathan Satovsky
CFP®, ChFC®, CIMA®, CPWA®, CDFA®, DACFP

Good morning, good afternoon, good evening, depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management and on today’s edition of, “Seeking Wisdom, Wealth, and Wellness,” I wanted to pay tribute to Madeleine Albright who just passed away.

I heard her speak. She was the Secretary of State of The United States many years ago, and was a very profound female political leader. And I heard her speak a number of years ago and she was teaching a class, called “The Consequences of Political Action” where she would go about tackling a world problem and bring in the best minds at the time to get to a consensus to what they thought was an optimal solution.

And in reflecting upon her years of service, she suggested, “Maybe I should teach a class called ‘The Unintended Consequences of Political Action,'” because when all the experts got together and they agreed, “This is the best solution,” several years after the fact they realized that the unintended consequence of their solution often created a problem exponentially worse than the problem they were fixing.

So pause and be mindful to understand how big a problem—is a problem—and whether you can work it out by staying the course diplomatically or a little bit more patiently with love and compassion; about humanitarian collective interest of the family, of the world, and perhaps time heals all.

Think about that on your path to Wisdom, Wealth, and Wellness.

Have a great day.

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Video Recorded March 23, 2022
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Disclosures

This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

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