Investment Management

Lessons from the Market Library

Lessons from the Market is our library of pieces written by the Investment Team including Podcast Transcripts, and articles covering the markets, investing, trading, economics, and more.

The Power of Markets

November 4, 2018
charter financial analyst

by James McFarland, Senior Portfolio Manager. In 1958, economist Leonard Read published an essay entitled “I, Pencil: My Family Tree as Told to Leonard E. Read.” The essay, narrated from the point of view of a pencil, describes the “complex combination of miracles” necessary to create the commonplace writing tool that has been used for…