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The Beetle Monument

Yesterday’s stock market was almost like a Grisham fiction novel. The night before, there had been a reported ebola virus diagnosis in the United States, with the possibility of another. All of sudden this virus wasn’t in another country; It was here.

Tekmira Pharmaceutical Company is the leading manufacturer of medication for the ebola virus. It immediately gained 6 dollars a share for its stock price. Can you see why I say that it sounded like a fiction novel? One reported case… a 21 dollar stock moves to 27 dollars. Some shareholders reaped huge profits.

Wednesday’s stock market was down across the board. For some, panic set in. For others, it was a buying opportunity. The “Haves” and the “Have-nots” on opposite sides. An opportunity for some to turn a negative into a positive, if you believe that the market will rebound.

That reminded me of the beetle monument in Enterprise, Alabama. They call it something more formal: The Boll Weevil Monument.monument

It’s a tribute to the beetle that was erected by the town’s citizens, in 1919. It stands as the only monument that was built to honor an agricultural pest.

The story behind it is what happens when a negative becomes a positive. In 1915, beetles appeared from Mexico into the fields of Alabama and began destroying the cotton crops. By 1918, farmers were losing entire crops. They were in financial ruin.

One farmer saw it as an opportunity to switch to peanut farming and convinced other farmers to do the same. It was a switch to success. Soon, the catalyst for change was recognized and honored as reflected in the statute inscription which states,  “In profound appreciation of the Boll Weevil and what it has done as the herald of prosperity…”.

In my law practice, I have seen this same catalyst occur. Some clients have taken their settlement proceeds to effectuate change or bring attention to some product defect. Others have told me that after fighting through their hardship to get better, it made them truly appreciate good health. As Albert Einstein put it, “Out of clutter, find simplicity. From discord, find harmony. In the middle of difficulty lies opportunity”.

DID YOU KNOW that one out of every four “animals” on earth is a beetle?

And from our pic o’ day comes wisdom… or something like that:

on the computer

On a Friday

This Friday brings some interesting news. Today, Chinese E-Commerce stock Alibaba goes public with its IPO. I am always fascinated at the announcement of an price opening which happens to be at $68 this time.  Meanwhile, I am sure that we as regular investors can only  attempt to buy it at a much higher price when it opens trading. Another reminder of the stock market’s insider favoritism!

Instead, some pic o’ day church humor!

church humor

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