Classmates and Friends/Family of the Wonderful Class of ’71,

“Tapering, Tightening, and Inflation” are on the front page of every newspaper every day. Those topics are also something we think about every day as we head to the grocery store or consider what do with our retirement accounts or investments. Please save the date of Wednesday, January 26 at 5 PM EST for a presentation by career-long, professional investors Bill Strong and Ken Richardson and wealth management expert Dick Hemingway to discuss

  • how tapering and tightening work
  • what caused the highest inflation since 1982
  • how long it’s here to stay, and
  • what we should be thinking about in our own retirement accounts and investment portfolios right now and in the future.

This will be a timely and excellent presentation by classmates with decades of experience and practical know-how.

Speaker Bios:

Dick Hemingway:  1971 – 2001: Northwestern Mutual Life & Robert W. Baird & Co. insurance and brokerage business in CT culminating as a Managing Partner and Branch Manager in St. Paul, MN in 1994.

2001 – 2013: Investment management and financial planning as a Wealth Management Partner at Boulay P.L.L.P. Regional Accounting & Consulting Firm Minneapolis, MN.

2013 – present: Certified Financial Planner, Hemingway Wealth Management, LLC Minneapolis, MN & Sarasota, FL.  A family business started by my son Eric in 2010 – 4th generation involved in financial services.  Dick and his son have  a niche practice that takes a multi-generational approach to advising other family businesses and individuals.

Ken Richardson:  After graduating from Harvard Business School  in 1973, Ken worked the next 12 years as an equity analyst for 3 different money management firms in Boston: Gardner Preston Moss; Loomis Sayles, and David L Babson.

In 1983, Ken launched and the managed Babson Enterprise Fund consisting of small, reasonably priced stocks.

In 1985 recruited by Peter Lynch to join Fidelity to launch and manage Fidelity Small Company Fund patterned after Babson Enterprise Fund — daily net asset pricing, all state and corporate pension fund money.

Ken managed that  Fidelity fund for next 23 years with a 13% annual return for the life of the fund net of fees, versus 7 1/2 % for the market.  When  Ken retired from active money management (Fund successfully turned  over to Forrest St. Clair , Williams ’97)in 2008, he was  longest tenured portfolio manager on a single fund in Fidelity history.

Ken fully retired from Fidelity in 2013.

Bill Strong:  After Williams, Bill worked 5 years as muni bond underwriter on Wall Street and then attended Harvard Business School from 1977-79. Job as analyst w/ NY stock investment firm run by long-time friend of Warren Buffet. Started own firm 1987…. Global long/short value hedge fund manager with special focus on emerging markets. Today still doing this …Eschaton Opportunities Fund same idea …small firm in Miami.