“In the business world, the rearview mirror is always clearer than the windshield.” – Warren Buffett.

We begin our new, periodic Flashback Friday series with some pithy Rearview Mirror quotes and images, starting with the one above that the Sage of Omaha has long applied in discerning where to invest.

Buffett is known to pour over the past and recent history of an operation, in order to decide if and how deeply he wants to invest in it – and that includes operations such as Clayton Homes, or a variety of other suppliers to manufactured and conventional housing. Reading and research guides Buffett’s understanding, as is true with other prudent industry leaders.

Many HR managers similarly agree that an important predictor of future ability is past performance and thinking.

So, the best clues on how Dr. Ben Carson may approach his planned role as HUD Secretary can be found is in his thinking on the Constitution, limited government and how those apply to the $49+ billion-dollar federal housing and FHA lending agency.

“PRESCRIPTION FOR A RESPONSIBLE AND EFFICIENT GOVERNMENT”

“We must ask ourselves: has federal spending created more value than what individuals and families could have achieved if they had the same funds at their disposal? The answer is a resounding, “No.”” – Ben Carson.

As the incoming President-elect Trump’s point-man at HUD, two signals could be taking shape.

• Donald Trump has mentioned several times overspending on the possible replacement of Air Force One, and overspending on Air Force contracts for the F-35 program, as bloated, wasteful and out of control.
• Trump himself likes to build on-time, and at or under-budget.
• Using the Flashback/Rearview Mirror principle – those Trump positions align in a similar manner to Dr. Carson’s principles noted above and in the 6-page download, linked here.

 

For a newly updated, in-depth report on the incoming Carson, click the image below or the link here. ##

(Image credits are as shown above.)

(Editor’s note: Soheyla has been an early and consistent supporter of Donald Trump, see link on the Donald J. Trump website here.)

By Soheyla Kovach for the Daily Business News on MHProNews.