The “I” word. The word “impeachment” has been thrown around several times in the history of American politics. The first sitting president to be formally impeached was Andrew Johnson, in 1868, for abuse of power. Over a century later, Bill Clinton was the second US president impeached for perjury and obstruction of justice. Both were acquitted in the Senate, but their names will be forever associated with that long, humiliating “I” word.
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Better to be lucky… One of this year’s “Unexpected Outcomes” from our January 20th EVA was that the long-comatose French stock market would be one of the world’s better performers in 2017. My rationale was that, at the time, Francois Fillon, a credible and reform-minded candidate, was leading the polls for president of France. Moreover, considering his flawed and/or relatively obscure opponents, his election looked highly probable.
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To Invest, or Not to Invest, that is the Question. The Wall Street Journal recently ran an article debating whether the Social Security trust fund should be allowed to invest in stocks. The piece juxtaposes two opposing views; one side arguing ‘Yes’ and the other ‘No’.
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Dimon Vision. After spending almost four decades in the financial industry, I have many fond memories (along with some of the not-so-fond variety). Among my best are the times when I was privileged to work with Jamie Dimon in the 1990s. These were my—and Jamie’s—Smith Barney years and they were exhilarating.
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Around the world in eighty days eighteen minutes. For all the non-bibliophiles reading this week’s EVA, Around the World in Eighty Days is a classic novel written by French author Jules Verne. While the book is fictional, it has inspired several real-life adventurers to follow in protagonist Phileas Fogg’s footsteps and circumnavigate the world in 80 (or less) days.
