Investment Chart Kondratiev Wave

Investment Chart Kondratiev Wave

Sunday 19 February 2012

Linsanity: the rescue of the American dream





He is a lin-sation, he unleashes a lin-demonium, girls sent him last week va-lin-tines. Words are in shortage how to tell how magnificent he is and so a new lin-language has originated, with corruption of words by pasting lin in it.
All that sensation is caused by Jeremy Lin, who is since a few weeks playing better than almost anyone ever before for the Knicks in the NBA, basketball.
Before that time he was the loser, that was transferred like a cast-off from one club to another. But a few weks ago the Knicks had so many injured players they had to give him a place in the team.
The prejudices prevented anyone giving a dime for what he could do for the team. He is too small (just 1.90 meter, not enough for a basketball player at the highest levels), a Chinese American from Taiwan. And the Chinese tiger mothers don’t want that their children spoil their time with sport. Americans from Chinese descent never performed in sports. So he had to go to Harvard. He is not black, too clever and worst of all: he is very religious. And that religiosity learns to be humble instead of trashing your adversaries and it prevents all your testosterone to transform in a winners mentality.
So all in all a very unlikely sport hero, that won unbelievable amounts of points for his club. The share price of the Knicks went up by 10% last week because of lin-sanity.

That extraordinary, unlikely fact that Jeremy Lin is a fantastic basketball player has created an unbelievable enthusiasm: linsanity is already a registered trademark. Almost never somebody became so instantly a celebrity, even Susan Boyle bites into the dust in this respect.
There is even a global linpact: American basketball is getting popular in China.

By the way, Lin was already discovered as an above average player in the Harvard team. He was contracted in 2011-2012 for $ 762,000 and that is a salary you don’t get when you don’t know where the basket is, as suggested in the press was the case only a few weeks ago.

There is some fear because of the decline of the fortunes of the middleclass that no one still believed in the American Dream, it seemed to be deleveraged into a new normal where you accept that you never will fulfill your dreams, even when you work very hard. Linsanity proves the American Dream is still alive and kicking.

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