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Letters from the Editor
The editor’s monthly letter, “Worthy Notions.”


Burn Rate
The Department of Commerce released the last major piece of economic news of the campaign season. Gross domestic product, the agency estimated, was up 3.7 percent (on an annualized basis) in the third quarter.
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Separation Anxiety
The pressing demographic exigencies of family business succession seem to be apparent to everyone except many family business founders themselves.
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The Triumph of Hope
As the norms against divorce have withered, legions have decided that it is better to cut their losses than to endure an unsatisfying union.
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Fear Itself
The midsummer alerts about potential terrorist attacks against financial institutions in and around New York and Washington have refocused attention on this threat, and unnerved many individual investors.
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A Secular Schism
Government budget forecasts are akin to weather predictions.
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More Art than Science
An entrepreneur in his early 60s, a lifelong collector of contemporary art, recently sold one of his companies.
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Against the Ingrained
The campus culture wars of the 1980s and 1990s, when politically correct university students tried to become the arbiters of intellectual debate, often swept away the good with the bad.
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The Opportunity of Land
Most of us are inured by experience to the idea that our investment portfolios will occasionally be a source more of dread than of comfort.
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Edifying Aspirations

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Small is Beautiful

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The Entrepreneur's Enigma
Nearly 90 percent of the nation’s entrepreneurs want their firms to remain in family hands after they exit the scene.
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The Benefits of Beneficence

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