Hurricane Katrina - Knowledge is Power, but is that Enough?
When Chad asked me to write a post for his blog, I wasn’t sure that I would have much to say that might interest his target audience. Not being a frequent (or at all knowledgeable) investor, I was not sure how I could shed some light on the topic of finance for a group of people that already knows more than I. That is, not until I looked at the bigger picture. We are at the one year anniversary of when Hurricane Katrina struck our country. The impact of this event is so significant that it has touched us all in some way shape or form, and unfortunately much of the context in which this event occurred revolves around simple dollars and cents – the very topic of this blog.
I say that Katrina struck our country instead of New Orleans specifically, because in truth while the hurricane’s initial geographic location was NOLA, its effects have reached every state, city and person in the nation. From the impact on friends and family to the new neighbors that may have fled to your town to the money that has been (and still needs to be) spent on rebuilding, each person is aware of the situation and has been impacted – even if they weren’t residents of the “Big Easy” a year ago.