drbubb Posted December 9, 2008 Report Share Posted December 9, 2008 Hong Kong's Junto events (based on Ben Franklin's idea) The original Junto was a club established in 1727 by Benjamin Franklin for mutual improvement in Philadelphia. Also known as the Leather Apron Club, its purpose was to debate questions of morals, politics, and natural philosophy, and to exchange knowledge of business affairs. Franklin organized a group of friends to provide a structured forum for discussion about money. The group, initially composed of twelve members, called itself the Junto (the word is a mistaken use of the masculine singular Spanish adjective "joined", mistaken for the feminine singular noun "junta", "a meeting". Both derive from Latin "iunct-", past participle of "iungere", "to join"). The members of the Junto were drawn from diverse occupations and backgrounds, but they all shared a spirit of inquiry and a desire to improve themselves, their community, and to help others. Among the original members were printers, surveyors, a cabinetmaker, a clerk, and a bartender. Although most of the members were older than Franklin, he was clearly their leader. .. Modern-day Juntos There are several modern-day Juntos modeled on Franklin's original meeting operating today. Hedge fund manager Victor Niederhoffer has been running the New York City Junto since 1985. Meeting monthly, the New York Junto focuses on libertarianism, Objectivism (the philosophy of Ayn Rand), and investing. Nicholas Vardy has been running the London Junto since 2005. The London Junto meets monthly in the heart of London's hedge-fund community at the Lansdowne Club, where Franklin signed the Treaty of Paris with Lord Shelburne. It attracts some of the leading global investment minds of today, engaging them in critical, Socratic-style discussions. P'unk Avenue hosts a monthly Junto in their studio in Philadelphia, where the Junto originated. Pittsburgh has had a Junta patterned after Franklin's concept since the 1870s. It currently has about 30 members who meet every three weeks, wear tuxedos, and listen to a few members on an assigned topic. The topics are wide-ranging. The Indianapolis Junto meets sporadically to discuss the finer points of asset-based community development. The University of Massachusetts Amherst is developing a Junto. The Junto of the Medical College of Virginia is a secret society that meets monthly to actively assist the MCV community in recognizing its rich cultural and historical heritage, to discuss original topics reflecting those ideals proposed by Benjamin Franklin himself, and to bolster and encourage the Renaissance Men of the organization to become more enlightened doctors. An entrepreneurial development group called Junto Partners is operated out of Salt Lake City, UT. The group bases many of its ideals on the original Junto. Each summer a prominent businessman gathers twenty aspiring entrepreneurs and debates the tactical and practical aspects of business venture creation. At the end of the program, five participants are selected and given seed money opportunities to start a new venture. Through this program over 25 businesses have been started, with many of them net well of $100,000 annually. (from the Wiki entry, the 2009 date is obviously late to me): The Hong Kong Junto was established in 2009 comprising a diverse group of the business community including lawyers, bankers, investors, authors and entrepreneurs. The Hong Kong Junto meets every month, usually in Central, with one of its members chairing the evening during which one of Franklin's original questions is asked and answered by all present, along with one other question that is the discretion of the member hosting. +++++++ DISCUSSION TOPIC of the DEC. 2008 Junto MEETING in HK... ================ The recent evolution of the US / China economic relationship "Paulson is currently meeting with Chinese officials. I am no expert on the matter, but it sounds like the tables have turned a bit. As I understand it, in the past, it was primarily Paulson who took the high economic ground. Acting as big brother, he would use meetings to lecture China on what they needed to do to become a developed/efficient/stable economy. He would regularly instruct them to quit manipulating their currency for the betterment of their export sector and at the cost of their domestic consumption (and thus having the opposite impacts in the US). This week, however, reporters are saying that China was the one lecturing Paulson on how to stabilize their economy and rebalance it—even going so far as to say that the US needed to reduce its foreign trade deficit! It was just months before that Paulson was saying that Chinese policy was largely responsible for that deficit! I’m not sure how much of this is just journalists making a story, and how much is real change, but I would like to hear others thoughts (not now—we all have enough emails to deal with—but in our discussion next week). Moreover, this discussion could be a good natural catalyst for other big global political-economic issues." = = = = = Junto Clubs, on Wikipedia ...... :: http://en.wikipedia.org/wiki/Junto_(club) Junto, on Wikipedia ............ :: http://en.wikipedia.org/wiki/Junto#Modern-day_Juntos Link to comment Share on other sites More sharing options...
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