APPOINTMENT: David Cronin from Killarney has been appointed to the role of President and CEO of the Ireland Funds, the global philanthropic network founded by Tony O'Reilly and Dan Rooney. Photo: Gerard McCarthy
A Killarney man will take the role of President and CEO of Ireland Funds America – the world’s largest grant maker for charities in Ireland – this June.
Former St Brendan’s College student, David Cronin, from Loreto Road, will head the internationally-recognised, global network of chapters that comprises of the largest private grant maker for the non-profit sector in Ireland.
The announcement was made by the Board of Directors of the Ireland Funds America, led by Chairman John Fitzpatrick, this week.
David’s father, Denis Cronin, is retired AIB Bank Manager and former President of Killarney Golf Club and a serving Trustee of Muckross House.
Having been awarded the St Brendan’s Scholarship, David began his early career on Wall Street, where he worked as an equities and options trader for Wall Street Access. He returned to Ireland in 1996 to take up the role of Chief Operations Officer with QUMAS, an indigenous tech start-up specialising in governance, risk and compliance management, which was acquired in a multi-million euro deal by Dessault Systemes.
With chapters in 12 countries, The Ireland Funds has raised over $600 million for non-profit organisations in Ireland and Irish causes around the world, benefiting more than 3,200 different organisations with both financial and non-financial support. Annually, the Ireland Funds hold more than 150 events with over 25,000 donors worldwide and provide support up to $30M.
David has worked in philanthropy for the last decade raising and investing over $100 million in his role as Chief Executive of UL Foundation, working closely with Chuck Feeney, Atlantic Philanthropies and the worldwide Ireland Funds. David is also a member of the Munster Rugby Commercial Board.
“I recognise this appointment as a genuine privilege and am absolutely committed to the future success of the Ireland Funds,” David said this week.
Lissi’s love of nature nets prize
After a successful launch year in the Isle of Man in 2020, ‘The Young Nature Blogger 2021’ went international as Kerry Biosphere and Dublin Bay Biosphere joined the competition. Open to anyone under 21, entrants were asked to write up to 500 words about their favourite experience or place in nature. Each Biosphere participating awarded […]
After a successful launch year in the Isle of Man in 2020, ‘The Young Nature Blogger 2021’ went international as Kerry Biosphere and Dublin Bay Biosphere joined the competition.
Open to anyone under 21, entrants were asked to write up to 500 words about their favourite experience or place in nature.
Each Biosphere participating awarded local prizes with the top entry from each being submitted to the international competition between the three.
This week the two judges for the international element Author Dara McAnulty and Professor Martin Price, Chair of the UK Man and the Biosphere Committee, have unanimously chosen ‘The Otter’ by Lissi Nickelsen (Kerry) as winner of the inter-Biosphere Young Nature Blogger 2021.
“I absolutely love the observational detail in this piece,” Dara McAnulty, author of ‘Diary of a Young Naturalist’ and the youngest ever winner of The Wainright Prize for nature writing said:
“You can really feel that breathless excitement and tension of seeing an otter. The drawing shows how multimedia can be used to great effect in a blog.”
Professor Martin Price added that it “is a beautifully written blog about a very special encounter”.
“I really get the feeling of what Lissi observed so carefully, and her joy about spending time with an otter! And the drawing is wonderful too!”
Lissi will receive a young naturalist writing set from Dara McNulty, a framed otter picture from Wildlife photographer Vincent Hyland, Wild Derrynane, and a family kayak trip in the Kerry Biosphere.
The winning entry can be read on the Kerry Biosphere website www.kerrybiosphere.ie/news.
The only certainty is uncertainty
By Michael O’Connor “History is just one damn thing after another” – Arnold Toynbee Late last week, the emergence of a new COVID-19 variant in South Africa sent shockwaves worldwide, upending what had been a reasonably quiet week for the stock market. On Friday last, a steep sell-off left the S&P 500 and the […]
By Michael O’Connor
“History is just one damn thing after another” – Arnold Toynbee
Late last week, the emergence of a new COVID-19 variant in South Africa sent shockwaves worldwide, upending what had been a reasonably quiet week for the stock market. On Friday last, a steep sell-off left the S&P 500 and the Nasdaq down 2.2% and 3.5%, respectively.
This 147th twist in the pandemic tale got me thinking about how much we think we know when really, we know nothing at all.
At the start of the year nobody would have predicted that 2020 would have played out the way it did. Very few would have predicted that 2021, with promising vaccines and a return to normality would have represented so little change, but here we are.
Everyone loves to pretend like they fully understand what this all means and what will happen next. I get it; who doesn’t love the warm cozy allure of certainty. We all want to exist in a world where we know what lies around the corner.
History is a perpetual stream of mistaken opinions and unpredictable outcomes, but the predictions won’t stop. People will cast their views with deluded certainty about what to expect next by extrapolating the current conditions out into the future, but the current conditions aren’t a constant, and the game is always changing.
Unfortunately, the reality is, nobody knows what’s next, and the sooner you can discard any naive sense of conviction, the easier it will be in both life and investing. While this statement may seem morbid on the surface, loosening our grip on our need for certainty can be liberating.
Remember, while it is important to have expectations and predictions, predictions are not fact, and you will be wrong. Not always, but you will be wrong, so try not to be overly tethered to your current version of the truth.
Lean into the uncertainty
Accepting that nothing is certain can often be cast as an impotent statement in a world obsessed with knowing all the answers.
In an industry where uncertainty is the ultimate enemy, telling investors to submit to it is often met with disdain, but accepting the inevitability of uncertainty is so important if you want to avoid going stir crazy as you try and hold for the long term.
Of course, discarding uncertainty is easier said than done. Worrying about factors beyond our control is an inherent part of the human condition. However, simply being aware that the game is not predictable and nobody truly knows the final outcome may help you reduce your craving for certainty.
Stop reaching for perfection in a world of constant uncertainty. Stop obsessing about making the right decision one hundred percent of the time. Even the best investors in history have had their fair share of howlers. Ultimately you just need to be right more often than you are wrong.
Create an investment portfolio centred around what you believe to be the most probable outcome based on available information and incorporate enough diversification to function as a buffer.
In a world where anything is possible, all you can do is focus on what is most probable, allow for a margin of error to support you when your assumed outcomes don’t play out and simply let go of the rest.
Lissi’s love of nature nets prize
After a successful launch year in the Isle of Man in 2020, ‘The Young Nature Blogger 2021’ went international as...
The only certainty is uncertainty
By Michael O’Connor “History is just one damn thing after another” – Arnold Toynbee Late last week, the emergence...
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