Anniversary Celebrations

SL Advisors Talks Markets
SL Advisors Talks Markets
Anniversary Celebrations



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Around this time of year, I’m often asked if we celebrate July 4th. Since it is the anniversary of America’s Declaration of Independence, in Britain it receives scant attention. But I often note that had the war turned out differently I might not have emigrated to America in 1982.

We have much to celebrate in this country. As an immigrant I’ve always found America welcoming. Memorial Day weekend fell within a couple of weeks of my arrival 43 years ago, and the “new English guy” was invited to a home in Brooklyn where a friendship began that continues to this day.

I’ve never felt like a foreigner or an outsider.

The US is very good at assimilating newcomers. Beginning with reciting the Pledge of Allegiance every day, I watched proudly as our three children born of English parents grew up to be Americans like so many millions before them. Nonetheless they did receive a healthy dose of English culture. Just the other day we watched an episode of the brilliantly funny 1970s Britcom Fawlty Towers, for at least the hundredth time, so a close family friend might better appreciate our sense of humor.

Britain is a great country, but America is the greatest country. I love trips back to the UK, timed as much as possible to enable me to watch an Arsenal game. I’ll keep returning and I’m proud to have grown up in England, but America will always be my home.

We have our political differences to be sure. I once remarked to my business partner Henry, who’s from North Carolina, that the country had probably never been so divided as it is now. Henry retorted that the 1860s were worse, and of course he’s right, as he usually is. The south was more impacted by the Civil War, which is perhaps why Southerners more readily refer to it.

I have friends on both sides of the political divide, although since I predominantly interact with energy investors and golf club members my world is overweight Republicans. I think the Red tribe is fundamentally more optimistic about the future, and since I know America’s best days are still ahead, I feel comfortable there. But my Blue tribe friends correctly note our shortcomings, sometimes bitterly.

Maybe the key difference is in our assessment of whether what’s bad will be made good. Ronald Reagan was my first president. His sunny optimism was mine and remains so today. It’s always Morning Again In America.

That political ad from 1984 still gives me goosebumps.

To say we’re more united by shared values than we are divided by politics sounds uncomfortably like a campaign speech. But ahead of anything else, Americans are good, generous people. Most casual interactions with a stranger confirm that. Families across the country are raising children, instilling their values and hoping a bright future awaits them while enjoying the highest living standards in human history.

In recent weeks my wife and I attended a series of year-end school concerts and recitals. With eight grandchildren aged nine months to nine years old, the events come thick and fast.

As I watched those youngsters perform alongside their classmates, I thought how that next generation is growing up with the shared experiences and values of being first and foremost Americans. I looked at all those bright, smiling faces accepting the applause and thought about how this was happening at thousands of school halls across the country. They’ve completed another year of growing up in this great country.

Can you think of anything more powerfully filled with hope and optimism?

Every year in early July, the Queen Mary 2 operates a seven day cruise from New York up to New England and Nova Scotia and back. My wife Karen and I boarded the ship on July 1 to celebrate our fortieth anniversary.

Like America on July 4th, we also had much to celebrate on our anniversary, July 6th.

I’m sure there have been moments when it seemed to Karen we long ago passed that forty-year milestone. At such times I indulge my romantic side and note there are many oil and gas pipelines that have lasted even longer, including the original elements of the Transco network operated by Williams Companies. That such news leaves her non-plussed I attribute to poor delivery on my part, not irrelevant content.

Sometimes I think I have confirmed Warren Buffett’s advice that the secret to a happy marriage is to find a woman with low expectations. But in truth we both had high hopes when we married in 1985, and here we are still together.

Optimism isn’t always rewarded. But positivity is better for you, and life is more enjoyable if you can find it in others.

I hope your July 4th left you still feeling Ronald Reagan’s sunny optimism.

We have two have funds that seek to profit from this environment:

Energy Mutual Fund

Energy ETF

 

SL Advisors Talks Markets
SL Advisors Talks Markets
Anniversary Celebrations
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