Blog

Frank Boland
September 10, 2020

To me an open secret is something known but not acknowledged. Years ago, a client, who was an executive of Coca-Cola, invited me to the company in Atlanta, Georgia. I was surprised by two things. Firstly, that Robert W. Woodruff – the entrepreneur who built the company – had an apartment in the building and secondly, the formula for Coca-Cola...

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Frank Boland
August 17, 2020

Professor Peter Drucker was sitting on a hard wooden chair center stage. Below him, a large lecture hall was filled with middle age businessmen. They all looked as though they had attended elite business schools and ran major corporations. Most of them did. The professor was there not to give a lecture but to answer questions. It was totally...

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Frank Boland
July 27, 2020

Change is the very essence of the investment business. Because of this reality, every portfolio manager I’ve known has a desk that can only be described as saved chaos. And that’s not including the piles of newspapers on the floor. Some managers even have a library behind their desk. Not in nice wooden cases as you would expect but stacks of...

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Frank Boland
June 15, 2020

When interest rates start to move higher, it will be considered a negative for the economy and the stock market. This reality started in in the middle of the last century.  General Motors was the largest corporation in the world, but rising interest rates proved very difficult to overcome. That contrasts sharply with the cash Microsoft, Apple,...

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There is only one side of the market and it is not the bull side or the bear side, but the right side.

– Jesse Livermore