It isn’t as important to buy as cheap as possible as it is to buy at the right time.
August 11, 2016
To recall a lunch from 38 years ago, it had to have an emotional impact. This one certainly did. I felt despondent as the lunch began. The guest speaker was the Chief Financial Officer, Norman Rifkin, of Toys R Us. At that time, the toy retailing industry was an eight billion dollar business. Toys R Us was the largest company in the...
July 22, 2016
As I sat in the faculty club dining room with Professor John Sterman I thought, “My God, it’s going to be miserable to go through a long-wave downturn.” Our lunch was 25 years ago. Judging by the current economic and presidential activity, my foreboding was totally justified. Professor Sterman is a professor at M.I.T.’s Sloan School and an...
June 16, 2016
The investment world is experiencing something it has never seen before … a “rolling” bear market. Sector by sector, industry by industry, the market has been declining for a year and a half. Yet, overall the market has not declined! It is a situation that has confused everyone.
The energy and consumer discretionary...
May 27, 2016
“How would you like your business card to read?” the office receptionist asked. “Francis Patrick Boland,” I answered. It was an outlandish statement on my part. Everyone around me had a nick name. I did not. But then I wasn’t an upper-class Boston Brahmin. “Might as well put my Irish heritage up front,” I thought. It was the spring of...
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