I’m a little late posting my Investment Commentary for March. I've been waiting for something to write about. I have become used to disaster and excitement. The world has become eerily quiet and uneventful. No dictatorships have been overthrown lately, Syria notwithstanding (they’re working on it). Occupy Wall Street has become “Go Back Home and Occupy Mom…
When President Obama was running for election four years ago, part of his campaign theme had to do with the unification of America. You know, bring everyone together as patriotic Americans against common enemies and for common causes. Ironically, his attempts to increase taxes on “the wealthy” have not resembled anything remotely similar to unification…
It is very unusual for us to mention a client by name in a holiday letter... and it may never happen again. Five of our clients passed away this year, all equally dear and important to us. One of the five was Greer Haynes of Germantown, Tennessee who, on November 1st, lost his 2+ year battle with…
Rich had the honor of delivering this eulogy at Greer’s memorial service November 5, 2011 Many years ago, if you were sitting in the waiting room for your doctor or dentist, you could almost always count on finding 3 or 4 of the most recent editions of Reader’s Digest. Not so much anymore. But I…
You’re standing at the front of the line as the previous riders come gliding back into the boarding station. You saw them depart a few minutes earlier, a look of calm hiding their anxiety. And now you see them return, wild-eyed, frightened and relieved to have the ride behind them. Some of them vow to…
