Commencement Economy

What can we learn from college graduations?

Around the country millions of students will finish college this year, and they and their families will endure interminable lectures by commencement speakers that are variations on the theme, “To thine own self be true.” (Of course, these Honorary Doctors don’t seem to realize that when Shakespeare coined that phrase, in Hamlet, he was mocking the old windbag who mouthed this truism. Hamlet’s quest to be true to himself resulted in his own death and the deaths of almost everyone around him.)

But being true to yourself is easy. Find what you want to do and do it. It’s a little harder to find someone who will pay for it. “Follow your bliss” is stupid advice if no one wants to fund your bliss. Prosperity–and happiness–comes from understanding and serving the needs of others.

What made Apple and Microsoft and Wal-Mart and other global innovators great was their ability to satisfy needs that most people didn’t even know they had. Far better advice for grads would be to create bliss for others: “So shines a good deed …”

Douglas R. Tengdin, CFA

Chief Investment Officer

By | 2013-05-09T09:52:20+00:00 May 9th, 2013|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. –
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