September 2012

Frank Boland
September 28, 2012

It was a late summer day in 1955.  Stamps and newspapers were three cents.  A bottle of coke cost a nickel.   That summer I was a 12-year-old caddy earning $1.25 for a round of golf plus, generally, a small tip.  But on this particular day I would realize what it would take to make significant money as an adult. 

The man I had...

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Frank Boland
September 12, 2012

It was 33 years ago this month when I got off the subway and stared at a newsstand copy of Business Week.  The cover read “The Death of Equities.”  It was 1979, five years removed from the 1973-1974 bear market.  I was totally flummoxed by the story.  The story was incomprehensible to me.

True the Dow Jones Average had been going...

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Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.

– Bernard Baruch