1/31/2014
By Charles Payne

The latest book from the so-called Tiger Mom continues to rub a lot of people the wrong way, and I continue to say: take your head out of the sand.  Her point about culture is spot on, and defusing it with claims of racism only means people are sticking their heads even farther into the earth.  America continues to be the land of milk and honey, but too many people born in this country are sleeping through the opportunities.

It’s a combination of a lot of factors that keeps the natives from actually taking advantage of being born in the greatest nation in the world.  For some, it’s the idea that milk and honey should be a birthright while others are told they will never get a piece of the action so why bother trying.  For people that don’t think upward mobility in America still exists, and that includes a lot of people including the President of the United States, I present the latest example- Satya Nadella.

“Knowledge is Light”

Satya Nadella proves there are no limits for those in America that are prepared and determined, at the same time underscoring points made by Amy Chua in her book, “The Triple Package.”

Born in India, Nadella went to public grade school and then attended Mangalore University, a public university founded in 1980,whose motto is “Knowledge is Light”.  Later, Nadella got his Masters in computer science at University of Wisconsin and in business at the University of Chicago, and then headed for Silicon Valley.  After a stint with Sun Micro, he began his career at Microsoft in 1992.  Working through the ranks, he became EVP in charge of Cloud computing in 2011 and took  division revenues from $16.6 billion to $20.3 billion.

Satya Nadella will be the next CEO of Microsoft.

Knowledge is light and it’s the only way to compete in the next century, and it’s why the ridiculous focus on minimum wage, income inequality and punishing the rich is so misguided.  People that arrive on our shores without the burden of being fat and poor and critical of America can hit the ground running and reaching.

Markets Selling Off

This morning, our market will be lower in part to continued news from around the world.  We began the week under the dark cloud of an emerging market currency meltdown and this morning it’s hints of disinflation or deflation in Europe.  I understand money moves at the speed of light and there is natural angst built into a market, even one as up as much as the American market was over the last few years.  Europe has serious issues with an aging population and socialist tendencies.  More than likely the continent will become like Japan, where it finds a bottom and settles in for the long haul.

But anyone that thinks the emerging market miracle has been about easy money hasn’t had lunch with someone from Malaysia or Chile lately.  Capital inflows expedite growth, but long term success can only be driven by the kind of desire that come from knowing that knowledge is light. These nations will endure growing pains and it will impact markets, but the next century will see them make amazing gains against the West while the United States and Germany (and a few other northern European nations) are the only countries that might stand strong.

The wildcard for America is to groom homegrown Satya Nadella

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Charles Payne
Wall Street Strategies

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