Self-reliance and individualism is another value that has been part of American national identity since the founding, but it must be balanced with community.
The market, however, saw the worm turning in Apple long ago, proving that reliance on "low" P/E ratios alone when assessing a stock's "absolute value" is a dangerous game to play.
That reliance began with a favor.
That values Reliance at $2.55 a share, or less than a third of the stock's $10 value when Mr. Steinberg took Reliance public in 1986.
In truth, there is nothing inherently pessimistic in choice, self-reliance or limited bureaucracy — the values that underlie a market-based proposal like the one introduced by Senator Ron Wyden, an Oregon Democrat.
Sooner or later, the foreign companies that are increasingly bankrolling Hollywood, such as India's Reliance, will begin to demand more creative input; then the American values that are the tectonic plates of the blockbuster world will shift.
Furthermore, by extolling market behavior as the exclusive province of values that are "classically American and universal to the middle class everywhere: hard work, self-reliance, initiative, property ownership, family ties and so on," he misleads the reader.
Participants talked, either explicitly or implicitly, about the values that were important to them in relation to their quit attempt: independence, strength, autonomy, self-control and self-reliance.
We have a culture that values self-reliance and, in my experience, most people try to answer most questions themselves.
Hence the value of that gritty picture in the FT (even if it was largely seen by stockbrokers lounging around Long Island).But is the heartland really such an embodiment of self-reliance?
My mother was trying to teach us the value of self-reliance, and through self-reliance one understands what it means to be normal.
