The first time I heard the phrase “country risk” associated with the United States of America I was at an international private equity conference in the fall of 2009. I was shocked that European investors were applying analytical techniques to…
“Take a load off Fanny, take a load for free; Take a load off Fanny, and you put the load right on me.” The Band, Robbie Robertson, 1968 With a string of profitable quarters on the books, it seems…
“Bear baiting is a blood sport involving the worrying or tormenting (baiting) of bears.” – Wikipedia Bear baiting was a favorite of both Henry VIII and Elizabeth I. They even built a specialized pit, the Bear Garden, at Bankside in London…
When I was a young man I read Richard Henry Dana’s Two Years Before the Mast. Two years seemed like enough time to change everything. It has been two years since my last commentary. But it seems like nothing has…