Lee Thomas Smith, National Association of Building Owners and Contractors annual convention, 1926
Porter was writing about a different decade.
Frederick J. Sheehan Jr. is a consultant to institutional investors. He advises on asset allocation, portfolio risk management, and asset strategies to meet long-term liability commitments. He is an advisor to investment firms and endowments. He is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and is currently working on a book about Ben Bernanke. He writes a blog at www.AuContrarian.com.