Some (revolutionary) Common Cents for May 24th 2013

Applicable as of July 1, 2025: Oakworth Asset Management, LLC (“OAM”) is a registered investment adviser that is owned by Oakworth Capital Bank Inc., Member FDIC (“OCB,” or together with OAM, “Oakworth”). Please note that OCB and OAM are separate entities that provide different services. All investment adviser services including investment management and financial planning are provided by OAM. OAM only began operations on July 1, 2025. Any content that was created prior to that date is specific to OCB and not OAM and is provided for informational purposes only. The statements or opinions expressed in this article do not necessarily reflect the views or opinions of OAM. The article was produced prior to OAM’s registration as an investment adviser and therefore was not reviewed for compliance under the Investment Advisers Act of 1940. OAM believes that the prior content is appropriate because of the similarities in OAM services to OCB services. The individuals involved in the production of OCB content will also be involved in OAM services. For additional information about OAM, including its services and fees, send for the firm’s disclosure brochure using the contact information contained herein or visit advisorinfo.sec.gov.

When I make public presentations, I end my comments with a common characteristic of all major economic expansions: a new technology, industry or societal shift which fundamentally alters our lives and how we conduct business. Many of longest, strongest expansions had a number of these revolutionary changes occurring at the same time. I point out some of the more obvious: the Internet and software revolutions of the 1990s coinciding with the Baby Boomer generation hitting its peak spending years. In the 1950s and 1960s, the Eisenhower interstate system precipitated a migration to the suburbs, which coincided with massive changes in communications and transportation, i.e., jet aircraft, television, satellite technology, etc.

But what is going to propel our economy in the decades to come? What will be the seismic shift that requires the build out of significant new capacity? What will fundamentally change our lives and how we conduct business? …Read On…

 

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.