In Memoriam

Happy Memorial Day!

Formerly known as Decoration Day, Memorial Day commemorates the men and women who have died in battle while serving our country in the military. First enacted to honor Union soldiers after the Civil War, it was expanded after World War I to include soldiers killed in all American wars. Now notable as the unofficial start of summer and the running of the Indy 500, we do well to remember those who served and died on this day of barbeques and softball.

Without the brave sacrifices of our servicemen and women, the United States would not be a leader in free-market thinking. It is the freedom of our markets, in place since the founding of the Republic, that is the source of our prosperity. And it is these sacrifices, during wartime and otherwise, that preserves that freedom.

So remember that whether you decorate a graveside or a hot dog. The price of liberty is eternal vigilance. And thanks to all who have served.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By |2014-09-04T21:14:56+00:00May 25th, 2009|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! - And Follow me on Twitter @GlobalMarketUpd

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