Cumberland Advisors Market Commentary –  Some Thoughts for a Sunday Morning

Author: David R. Kotok, Post Date: August 2, 2020

Some Thoughts for a Sunday Morning

#1 – Two quotes from Tocqueville:

“Liberty cannot be established without morality, nor morality without faith” (Democracy in America,

“The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults” (Democracy in America,

#2 – A 21-year-old paints swastikas in Sarasota and is caught on film by security cameras (“Deputies charging 21-year-old man for vandalizing 2 Jewish temples in Sarasota,” WFLA, One wonders what he has been viewing and reading to influence him.

#3 – “It’s really a wonder that I haven’t dropped all my ideals, because they seem so absurd and impossible to carry out. Yet I keep them, because in spite of everything I still believe that people are really good at heart. I simply can’t build my hopes on a foundation of confusion, misery, and death. I see the world gradually turned into a wilderness. I hear approaching thunder, I feel the suffering of millions, and yet, if I look up to the heavens, I think that it will all come out right one of these days; that this cruelty will end, and that peace and tranquility will return again. In the meantime, I must hold on to my ideals for perhaps the day will come when I shall be able to carry them out.”

The writer was Anne Frank (The Diary of a Young Girl, Readers may wish to try an experiment. Ask younger persons a question: “Do you know the name Anne Frank?’ Hear what they say. Then ponder again what a 21-year-old views and reads.

#4 – Here’s a very positive story about a white cop and kids playing basketball in the street. It was featured on “Good Morning America” back in January 2016: “Shaquille O’Neal Joins Florida Cop to Surprise Kids at Pickup Basketball Game,” ABC News, Hat tip to my friend Bill Dunkelberg.

Happy Sunday Morning!

David R. Kotok
Chairman of the Board & Chief Investment Officer
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