Investment banking is the process by which new securities are brought to market in order to raise capital for businesses. In a broad sense, investment banking embraces all the institutions by which capital formation takes place, including: (1) the transfer of ownership of a corporate entity through investment banks which are usually brokerage houses; (2) security substitution, such as is involved in the issuance of securities by investment companies; and (3) security management, or the decision as to where investors’ funds are to be placed.
Listening to and learning from educators like Megan Hall, Steve Allen and Bill Wilson reminded me last week of two important things. First, they have so much to offer, not only to youngsters, but also to other educators and those learning to be educators. Second, their skills, insights, experience and knowledge are dramatically underused. More youngsters will succeed if we make better use of these and other talented educators.
It’s been a long cold winter. By February we are all looking for some relief, some sign that spring will arrive as promised. Sometimes it’s a simple bouquet of fresh flowers that can change the entire day. But after learning about the language of flowers, you may see them differently.
If you’re at all interested in birds, or more specifically raptors, you should definitely see the Masters of the Sky program at the Carpenter Nature Center in Hastings. Every year at this time a traveling program from the World Bird Sanctuary in St. Louis, Mo. comes to Minnesota with their raptors from all over the world and puts on a show unlike any other that you are likely to see.
On August 3, 2000 this column stated, “Twenty years ago the majority of the American public did not feel a compulsion to invest in the stock market. After nearly 18 years of a generally upbeat market, with the past five years being rip-roaring, Americans have once again ‘fallen in love with the stock market.’ However, Andrew Smithers and Stephen Wright, in their book entitled “Valuing Wall Street,” persuasively argue that stock prices in America are severely over-valued and are set for a serious fall, not unlike those of the past. While Smithers and Wright strongly believe that for most of the time the stock market is the right place to be, they, in a hard-nosed and historical way, understand that there are a few times when the market is not the place to be.”