Shank Shot

“When sorrows come, they come not single spies but in battalions.”

When Shakespeare wrote this he was reflecting how life seems to deal out trouble. Tiger Woods is the most recent observer of this. First it was a car accident. Then it was a marital fight. Then one, two and more of Tiger’s illicit madams spoke out in public. And the press just lapped it up.

Woods’ response was a classic case of how not to handle a media mauling. The information was sparing, contradictory, and sporadic. His latest statement about being left in private is both self-serving and contradictory. He has (or had) millions of fans.

Jack Welch—who has dealt with his own crises multiple times—has some good advice: First, tell the whole truth. People are remarkably forgiving when they’ve been leveled with. Second, be consistent. Inconsistency breeds mistrust. Finally, take responsibility for your media coverage. In these days of web-pages, Facebook friends, and Twitter-feeds, there is no excuse for waiting for the media to call you.

Amazingly, Tiger’s web page has almost no mention of his troubles. Tiger’s not a victim, and his fans deserve better. The troubles that face us often come in battalions, because we ask for more recruits to join the party.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By |2014-09-05T14:51:15+00:00December 28th, 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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