Phil Grossfield's Blog


My Verse?

deadpoetssocietyThat The Powerful Play Goes On And You May Contribute A Verse…What Will My Verse Be?

In Friday’s post I shared the Apple commercial that captures the essence of one of my all-time favorite movies, Dead Poet’s Society. I’ve been thinking about what my verse is/was. At one point I thought it was to help others by practicing law. appleyourverseAnd then later in my career perhaps to help others become better salespersons since my role had been a sales/branch manager. I seriously thought at one point that I was meant to be a role model or motivational speaker for those looking for success and balance…but in hindsight I think this was more  arrogance than anything else. I suppose the verse changes over time…I wonder what my verse is yet to be?  If I’m to look through my future eyes, I want my verse to be that I was always improving as a father, a husband, a son, a brother, a friend, and a person.  I’ve got a lot of work to do….

My Post From Friday:  What Will Your Verse Be?

My Schedule:  I have a meeting at 11:00 and otherwise available…

My Market Watch: Bonds Down But Prices The Same As Friday Morning…For Now…  The 30-year Fannie Mae bond is down -22bps so far.  The reason for the decline in bond prices is a direct result of the stock market’s attempt to rebound from last week’s fall. As i said on Friday, there is an inverse relationship between the stock market and the bond market…most of the time. It’s not always true, but it’s a reliable analysis.

buyholdsellWhen the stock market is performing well investors pull money out of bonds to invest in stocks and when that happens our rates/pricing get worse. Conversely, when the stock market is doing poorly investors sell off their stocks and invest in bonds instead and when that happens our rates/pricing improve.

With bond prices already down -22bps this morning, I’d be worried about an impending mid-day reprice for the worse.

My Disclaimer

2 responses to “My Verse?

  1. Bernie January 27, 2014 at 7:50 pm

    Great goals, but I don’t think it is arrogance to pursue something you truly believe in and you can help people see past their own BS to get to their own goals. We are own worst enemies. I love talking in front of big groups. It never bothers me. it is not a fear I have. My fear is subject matter. I am my own worst enemy. I go to training seminars on various subject matter and there is always one person (like myself) who knows a little more than the speaker and says something. Isn’t that awful and my greatest fear…..

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