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July 2001 |
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Adapted from a letter to the Chairman on Sept. 30, 1998 |
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This poem was written for an interview with Sue Herrera on CNBC's Power Lunch on Monday, April 12, 2004. |
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Reprinted from News Lite, an occasional edition of the Dallas Fed's employee newsletter. The poem reflects Mr. McTeer's frustration with defensive investment approaches, which don't try to win but try not to lose. |
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Reprinted from News Lite, an occasional edition of the Dallas Fed's employee newsletter. The FSPC is the Financial Services Policy Committee within the Federal Reserve System. Shortly after Mr. McTeer wrote this poem, he was appointed to the committee. |