“Damn the Torpedoes” as a Business Transition Strategy

Stuart A. Smith, III |
My Business
"Cancelled Stamp From The United States Featuring Two American Naval Officers, David Farragut And David Dixon Porter.  Farragut Lived From 1801 Until 1870 And Was An Admiral On The U.S.S. Hartford.  Porter Lived From 1813 Until 1891 And Was Admiral On The U.S.S. Powhatan."

“Damn the torpedoes, full speed ahead!!”  There may not be a more iconic statement of the American can-do spirit. Bellowed by Admiral David Farragut on August 5, 1864 while exhorting Union naval forces in the attack on Mobile Bay, his words still resonate nearly 160 years later as a unique national expression of resolve in the face of a challenge.

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Women & Investing: A Stronger Grip on Their Financial Futures

Christy L. Watkins, CFA and Meghan Shue |
Investment Management

The power of the purse is increasing at an unprecedented pace. A third of the world’s financial assets is now under the control of women. From 2016 to 2019, they accumulated wealth at a compound annual growth rate of 6.1%. Over the next four years, that rate will accelerate to 7.2%—adding $5 trillion more annually to the global wealth pool, according to a comprehensive global study.

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