Quarterly Market Review (2016Q4): The Power of Markets
Submitted by Grunden Financial Advisory, Inc on January 10th, 2017In 1958, economist Leonard Read published an essay entitled “I, Pencil: My Family Tree as Told to Leonard E. Read.” The essay, narrated from the point of view of a pencil, describes the “complex combination of miracles” necessary to create and bring to market the common writing tool that has been used for generations.