Has it really been 8 years?

It’s hard to believe that the 9/11 attacks happened 8 years ago today. So much has happened in the meantime, but for most of us, they seem like they happened yesterday.
Children have been born and gone off to school; friends have gotten married or divorced; parents have moved on or moved in; jobs have been won and lost. Life has gone on. But the tricks of memory cause us all to remember that day in special ways.

For me, it was the collapse of the North Tower that really shook me, when I realized that some of my personal friends were at risk. For others, it was seeing the tape of the plane crashing into the South Tower again and again and again that was so traumatic. Most of us were glued to our TVs, radios, or internet connections the whole day, desperate for information.

What makes a traumatic event tricky is that each person’s memory can be somewhat distorted by his or her previous understanding and experience. So while the experience is real, it is also intensely personal. Perhaps that’s why experience, while a great teacher, is an inconsistent one. It’s also why memorials and anniversaries are important part of remembering and learning from the past.

And what do we learn? That our markets and our society are more resilient than we ever thought. That a two popped bubbles and a banking crisis can slow growth but not stop it. And that all knowledge, while real, is intensely personal.

Douglas R. Tengdin, CFA
Chief Investment Officer
Hit reply if you have any questions—I read them all!

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By | 2017-07-17T12:35:22+00:00 September 11th, 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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