Sixty-four years ago the world held its breath while Operation Overlord unfolded. Hundreds of thousands of soldiers, sailors, and airmen combined to push the Nazi army out of France.

Why do I bring this up in an economic and market discussion? Because people sometimes do uneconomic things because they are the right thing to do. Defending your country and fighting for your buddies are right, no matter what the short term costs.

Sometimes economics and market analysis has its limits. Whether it’s the aging veterans of Operation Overlord, or the recent “grunts” from the front lines of Fallujah, we all owe a debt of gratitude to the men and women who have put their lives on the line so the rest of us can enjoy political and economic freedom.

I just want to take this moment and recognize their service. “Lest we forget.”

Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T19:10:10+00:00 June 6th, 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! - And Follow me on Twitter @GlobalMarketUpd

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