"Anyone who's lived through 9/11 and the Financial Panic five years ago has to be skeptical about their ability to predict the future." Larry Summers. Former Harvard President. Former U.S. Treasury Secretary. March 2014.
Former Treasury Secretary Larry Summers was recently invited to a dinner at one of my friend's homes. The intent was to have Secretary Summers speak to and answer questions posed by twenty investors…and by two brothers who are astronauts! I was among the investors at that dinner. Astronaut Mark Kelly, the husband of former Congresswoman Gabby Giffords, after scanning the room filled with men from many cultures and backgrounds, whispered to me, "Aren't there any women on Wall Street?" I told him at my firm, there are. 50% of our employees are women, including Linda Martinson, Chairman of Baron Funds. Many of our senior executives, in addition to Linda, are also females. Although only a few of our analysts are women, we're working on that, too. But, I digress. Continue Reading »