Posts Tagged ‘Deutsche Asset Management’

A Brief History of Nantucket, Massachusetts

January 21, 2011

One of Bart A. Grenier’s favorite spots, Nantucket, Massachusetts, boasts a rich and varied history. Situated south of Cape Cod, Nantucket Island earned inclusion on the National Register of Historic Places on December 13, 1966. Nicknamed “The Grey Lady” due to the persistent fog that often clings to the island, Nantucket takes its official name from an Eastern Algonquian word of unclear meaning, though the word may possibly mean “in the midst of waters” or “faraway island.” The Wampanoag Native Americans referred to the island as “Canopache,” which means “place of peace.”

The documented Western history of Nantucket Island goes back to a potential sighting of the land mass by Norsemen in the 11th century. While tradition holds with this first European encounter, historians never definitively proved the sighting. In 1602, Nantucket Island laid eyes on another European vessel in the form of the Concord, a ship captained by Bartholomew Gosnold of Suffolk, England. Though English vessels held knowledge of the island after this sighting, the original inhabitants of Nantucket Island, the Wampanoag Indians, continued to live on the island in relative peace and solitude until 1641, when the English government deeded Nantucket to Thomas Mayhew and his son, who served as merchants in nearby Watertown and Martha’s Vineyard. Gradually, Nantucket Island grew to become the whaling capital of the world and enjoyed a booming economy from the industry until the decline of whaling circa 1850.

[Public Domain] Photograph of Nantucket street, circa 1870s, taken by C. H. Shute.

Today, Nantucket Island serves as a popular tourist destination, with its numbers regularly swelling from 10,000 to 50,000 during the summer months. Drawn to the island’s natural beauty, people from around the world travel to Nantucket to sail, fish, relax on the beach, and walk the high bluffs overlooking the Atlantic.

[By Bobak at en.wikipedia [CC-BY-SA-2.5 (www.creativecommons.org/licenses/by-sa/2.5)], from Wikimedia Commons] Nantucket harbor scene, August 2004. Photograph taken by Bobak Ha’Eri.

Michael Lewis (2/2)

November 19, 2010

by Bart A. Grenier

After settling into his role at Salomon Brothers, Michael Lewis demonstrated a notable aptitude for finance, soon placed in charge of millions of dollars in investment funds. In 1987, Salomon Brothers experienced a near-hostile takeover, an event that resulted in a great deal of upheaval at the company. Michael Lewis maintained his position at the firm despite the tumultuous atmosphere, nonetheless growing restless with his work. Determined to create a satisfying career path for himself, Michael Lewis chose to leave Salomon Brothers, penning his first book, Liar’s Poker, shortly after decamping from a professional life on Wall Street. Michael Lewis published Liar’s Poker in 1989, additionally sustaining himself through financial journalism. Garnering praise for his astute insider’s view of the financial industry, Michael Lewis quickly established himself as a cultural critic of sorts, unflinchingly describing his time at Salomon Brothers in a manner that shed light on the excesses of major fiscal players. Ten years after writing Liar’s Poker, Michael Lewis completed The New New Thing, an investigation of the Silicon Valley technology boom. In 2003, Moneyball: The Art of Winning an Unfair Game hit shelves. Extremely well received, Moneyball delves into the complex world of Major League Baseball, specifically focusing on the Oakland A’s, an under-funded yet highly successful team tin comparison to other franchises. As a financial professional myself, I like Michael Lewis’ journalism and nonfiction as it is keenly observed, appropriately objective, and enjoyable to read. His writing eschews sensationalism in favor of logic, a feat that sets him apart from many authors working in his genre.

(Part 1 of this entry here)

Hello world!

October 6, 2010

Hello everyone and welcome to my blog!