02 Sep 2016 A choice between Aston Martin and Bob.
Posted at 11:42h in The Friday BriefDid you know that you can buy a stroller (for a baby) made by Aston Martin? Did you know that it would cost you $4,000? I present this, for now, without comment. We'll come back to it momentarily.
Sometimes, when I tell people about the sort of work we do at Beacon, I get the sense that some view our primary mission and value as simply the building of wealth. And of course, that's part of what we do, and an important one at that. No one exactly hires us to make a nice La-Z-Boy shape out of their pile of money and just sit on it for 30 years. After all, the bank will pay them a couple pennies a year to do that. But the concept and reality of inflation would make that course of action pretty detrimental to most folks, so we build wealth for clients the best we know how, harnessing the power of the capital markets as efficiently as possible, and as effectively as human behavior allows.