A Modest Memorial

This update is a little different. It’s a testimonial to a friend of mine.

Don Delapenha was a good guy. He coached his daughter’s soccer team. We used to exchange drills that we would use to help our kids develop dribbling and passing skills. A couple of our children were the same age.

Don would call me a couple times a week. We’d talk about the markets, our kids, and current events. Don sold corporate and agency bonds to banks. He probably would have been as surprised as the rest of us at Fannie and Freddie’s demise.

But Don worked for Keefe Bruyette and Woods in the World Trade Center. Seven years ago he and thousands like him were killed by a group of fanatical jihadists intent on making a statement.

I’ll never forget Don–an ordinary guy doing a decent job. Nor should we ever forget the 3000 others just like him.


Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2017-07-17T12:35:25+00:00 September 11th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. –
Leave a comment if you have any questions—I read them all!
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