Reunion

I may not see these guys ever again. That was 1964 and it was almost true. Out of the a blue an email appeared from Tom suggesting a bunch of us from 1964 get together. The invite went to seven or eight; all were fraternity …

the EYE, part deux

No one I know has had retina surgery. So, am thinking the final moments of my recovery could be interesting to some. You will recall that a “balloon” filled with nitrous oxide (yes, laughing gas) was attached to my eye immediately after surgery. The balloon …

Market Thoughts

We are well into the greatest, at least longest, bull markets ever. Many have become complacent that this could last forever. And it could. The best performing group during this period have been the Dividend Aristocrats. The average successful industrial company pays out about 40% …

1991

In those days I worked in the vast trading room of PaineWebber at 50th and 6th Avenue or Avenue of the Americas. I loved the excitement of the announcements by traders that we had buy or sell orders. “I have size to go in IBM.” …

Border Dance

After reading detailed reports of girls ages 10-13 being raped in Honduras one wonders how to ever protect them. More than just a few of these girls are being impregnated and delivering children. The downward spiral of poverty, drugs, gangs and guns makes Honduras the …

Road Trip

Have you driven from the coast of North Carolina to South Texas? Don’t. From Wilmington to Port Aransas is 1423 miles and takes 23 hours, with no stops. And that’s using Interstates the whole way. That’s two nights each way in a motel and eating …

the EYE

As some may know, I suffered a detached retina while on a cruise to Rome from Ft Lauderdale. As we returned to the ship from a land tour of the Azores I noticed a black band at the top of the right eye. It was …

Books

You should read these two. Mountains Beyond Mountains by Tracey Kidder This is the story of Paul Farmer.  If he doesn’t receive a Nobel for his medical work it will be a travesty.  A Harvard trained doctor who practices medicine just enough to make enough …

The Markets After rising in early morning trade the banks are now giving some back.  They are still up modestly but the effects of the stress tests are not going to be so simple to diagnose. Market futures are strong, up 1 1/2%,  but await …