Letters to Our Clients
I cleared out my work email before leaving the office last Friday. As many of you personally know, if I happen to see an email from you over the weekend I will respond, even if it is just to let you know, “I’ll get right on that first thing Monday morning.” However, I try not to check the work email too much on the weekends. This is partially because I’m trying to give myself the semblance of a break, and also because Carter doesn’t let me use my home computer anymore. Trying to fight him for it dampens that “fantasy” of a weekend break. However, the biggest reason I don’t check it is because it is a chore to dig through the barrage of junk-mail that builds up. Thus, Monday morning begins with the ritual clearing out the work email (picking up right where I left off on Friday!). This Monday I had 138 new emails at the start of the day.
Here we are, about a month into Spring. Even though we’ve had a few days in the eighties, it’s been the cold days, including having snow pretty close to home, which have been the most remarkable lately. Still, Spring it is, and to remind us that there is still a standard model to these things, the green has abruptly shown up. One day it was all grey and brown bare limbs, and the next I found myself driving down streets through windy green tunnels. That overnight beauty was accompanied with the usual choking pollen, of course, but still, it’s beautiful nonetheless. Along with this, at church, the Easter season just arrived. So, as I found myself surrounded by themes of Spring, Easter, rebirth, and renewal, I was hoping for something fresh to talk to you all about. However, not much has changed when it comes to investing, finance, and the economy.
On March 11th, I attended the 8th Annual College of Charleston Strategic Investment Symposium. The symposium is hosted and conducted by the CofC School of Business Investment Program. The Symposium itself is quite an accomplishment. It continues to grow year after year, attracting an increasingly impressive line-up of key-note speakers and investment business owners. These top presenters, who you have probably seen on any of the big finance news slots, are there for those in the industry lucky enough to attend, but most importantly for the students of the Investment Program. The School of Business Investment Program is an opportunity for some of the best students from the business school to put what they’ve learned in the classroom to work. They employ asset valuation, group collaboration, and portfolio management skills to manage an investment portfolio with real money, donated from various sources attached to the school. You can find out all about the program, as well as the students’ presentation of their portfolio holdings and annual reports, at the program’s website.
We all know that February means Valentine’s Day. This probably means different things to each of us. For some, it may be just another day, and for others it may come with obligations and expectations. Of course, I’m sure there are also still some true romantics among us, as well as those who just appreciate a good chocolate heart. Likely you all know that with February also comes Identity Theft Protection week. Yes, that was a joke, but… it is an important topic that continues to lead to increasing financial losses.
I’ve had a little tinnitus for years now. It seems to be more noticeable in my left ear, but if I concentrate I can “hear” it in both. It can be maddening if all I do is focus on it, especially when trying to sleep. But I usually don’t pay attention to it. It’s just part of all the other background noise of my life. Even though it is much more noticeable when there is less sound around me, I still yearn for quiet. I believe the brain can do some amazing things when given the opportunity to have some alone time, though today that is hard to come by. It seems that noise surrounds us all constantly.
At about 7:12 in the morning on August 16, 1960, Colonel Joseph W. Kittenger II stepped forward out of his open-aired gondola that was connected to a weather balloon, 102,800 feet above the surface of the Earth. A camera attached to the gondola snapped a picture of him falling towards the clouds in his experimental pressurized suit, and this became the cover of the August 1960 issue of Life magazine. You can find the photo online, along with video footage of the jump and all of the preparation leading up to it.
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Kendall J. Anderson, CFA, Founder
Justin T. Anderson, President
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February 2023
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Common Sense Investment Management for Intelligent Investors
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Rock Hill, SC 29730 803-324-5044 or 800-254-0874 info@andersongriggs.com |