Why?

What’s the reason for yesterday’s tragedy?

That’s all anyone wants to know. Amidst the speculation about pipe-bombs and foreign nationals, people want to put a label on the tragedy so they can begin to understand it. On one level, it’s because the act seems so senseless. After all, if someone would bomb a joyful event like the finish line to the oldest competitive marathon in the world, what would they not bomb? And there’s a natural curiosity that people have: how did this happen, why did this happen, and who did this?

I must confess myself impatient with the last question. While of course I want yesterday’s murderer (or murderers) brought to justice, I don’t really want to know about them. We know too much about Adam Lanza and not enough about Dawn Hochsprung, the principal at Sandy Hook. We know too much about Bernie Madoff and not enough about Thierry de la Villehuchet, the French money manager who killed himself after seeing billions in client money disappear. I really don’t want to know everything about the perpetrators of such crimes.

Life will go on, as it always does. 11 ½ years after 9/11, going to Ground Zero in New York City is still a moving experience, but the traffic noises and commercial clamor of the city seem largely unchanged. It will be the same with Boston. Our ability to adapt and move on is a source of strength.

But such tragedies still leave me with a great sense of loss.

Douglas R. Tengdin, CFA

Chief Investment Officer

Hit reply if you have any questions—I read them all.

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