Two days ago I returned from a conference in St. Louis. Our hotel overlooked Busch Stadium where the St. Louis Cardinals were playing the Washington Nationals in the first playoff series. Walking on the streets among the fans was a blast as everyone was in a good mood and it was easy to talk with strangers, particularly when I mentioned Tommy Herr, a former second baseman with the 1980s Cards. Tommy Herr is a very distant relative and I've never met him.
The theme of the conference was "Risk Reduction." The crash of 2008 and early 2009 is still fresh in the minds of investors, managers, and endowment board members.