Blog

Dave Canal
May 26, 2022

As we pause to reflect on the sacrifices of so many for our great country this Memorial Day weekend, we wanted to take a moment to provide our thoughts and perspectives on the recent volatility across the capital markets landscape.

Reality is beginning to set in as Fed sanctioned risk taking is clearly coming to an end.  Persistent,...

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Frank Boland
May 19, 2022

When a phrase of two words becomes famous, it’s not only apt to be truthful but powerfully accurate.  “Creative destruction” was first articulated by Austrian economist Joseph Schumpter in 1942. He used the phrase to describe capitalism.  It meant any innovation in the manufacturing process which increased productivity. Schumpter intended the...

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Frank Boland
April 11, 2022

Those who are born mathematically “gifted” often develop an elitist attitude. Society reinforces that with movies such as “A Brilliant Mind” (John Nash) and “The Theory of Everything” (Stephen Hawkins). M.I.T. Professor Paul Samuelson personified this cultural mindset when he said, “When the worst economics grad student leaves M.I.T. and goes...

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Frank Boland
March 11, 2022

In the last century, one could walk into a building and see plant and equipment. That’s not possible in today’s knowledge/service-based economy. Assets are “soft,” even invisible. The result is that we are forced to trust the validity of published numbers. However, given the deceptions that occurred with Enron and WorldCom, we know it is risky...

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During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.”

– Bernard Baruch