HONOR THY FATHERS

Just a special post this evening to render homage to my Father and Uncle — no matter their faults, quirks, or eccentricities.

When World War II presented our world with the fugly head of enslavement under fascism and nazism, Bernard Olcott joined the US Army, and his older brother Edward Olcott, the US Navy.

They heeded the call of patriotism and brought the fight to the doorstep of militarist Japan and Germany.

Today, because of their efforts and those of countless fighting men and women, Japan and Germany are free and civilized countries.

Thank you Dad and Uncle Ed, for your contribution as part of the US military against the purveyors of tyranny and slavery!

 

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DUEL AND DEATH, THE AFTERMATH

This post continues the story from the last two week’s posts, “MINOU’S PREDICTION” and “REPRIEVE DENIED!

Yoshi marched outside with me hot on his heels. We took our positions out in the middle of Hackensack Plank Road like Hamilton vs. Burr almost 2 centuries before, me facing north, with the actual dueling grounds maybe a half mile away to my right. Yoshi was uphill from me looking south towards “The Shades” neighborhood of Weehawken, always in afternoon shadow at the extreme southern end of the Palisade Cliffs.

Fists raised, we glared at each other.

“C’mon James, take your best shot!” Yoshi taunted, lowering his arms and motioning me to take a swing. We started circling around each other like boxers, ready to land or parry a blow.

THE CLICK OF MY CAR SEAT BUCKLE

Today’s guest post is written by another grandchild of Bernard Olcott, Grant.  In his essay, Grant sends the entire family up the Highway to Hell, seemingly always on yet another road-trip.  When not working as an investment analyst at Investure, Grant is a college student at Middlebury College.

I love cars. Well, I should rephrase that. I don’t know all the parts or mechanics of the automobile. I can’t say I have a clear picture of the new Ford Fusion in my mind. I’ve never been to a car show, and I’m only starting to understand the difference between a BMW and a Benz.

So why do I love cars? I love being inside them. I love the warm intimacy such an enclosed space creates between two people. I love the thrill of reaching a destination, the fighting over the radio station, the comfort of drifting in and out of a drowsy sleep in the back seat, and, especially, the long meandering talks, spur-of-the-moment debates, and random lectures shared among the four seats that draw my family closer and closer together with each click of the odometer.

BUCKED OFF!

‘Twas not all gloom and doom at Olcott International.

Upon my return to the office that spring of 1992, I started hearing odd noises upstairs and soon met Bobby Edwards, the Jewish cowboy. This wisecracker could make Dad laugh endlessly. Soon Dad asked me to get involved with his (minor) investments in the Kansas oil patch.  “PANOLPY OF SWAGGER” recounts these welcome diversions.  I remain grateful to the Jewish cowboy to this day.

Speaking of foreign countries, Japan has always been an important client base for Olcott International. I’ve written a number of posts about how my Dad conquered the land of the rising sun in the 1970s, a country where American culture was imported wholesale, albeit with many local twists.

GREEN EGGS AND HAM

In April 1992, I had one foot in two worlds.

One foot was planted in the familiar lush flagship Polo Ralph Lauren store on Madison Avenue, a marvel of seductive, dazzling, stylish, and pricey eye-candy.  The other was a run-down office precariously hugging a cliff on the anus-side¹ of the Lincoln Tunnel, overlooking the double helix resounding with the roar of vehicular traffic.  I dubbed that sound in my post “THE NIGHT IS DARK AND FULL OF TERRORS,” as the ‘soul grinder.’

The first was glamorous, but offered me little future career growth.  The second was pretty much its antithesis on both counts (except, sometimes, for the travel).

To aspire to my greatest future potential, I had to risk the crushing of my essence.

ALL MY ROADS LEAD TO ROME

Ahhh! April flowers. The trees are budding. Boids are choiping psychotically.

Springtime, it’s often said, brings together hopes and promises. Well, why not? April’s the month of my birthday. Sometimes, when the weather is right, the trees bud and bloom in the latter part of the month, right around when I appeared at Mount Sinai Hospital, 103rd Street and Fifth Avenue some 50 (or so) years ago.

Spring in 1992 was an exceptionally golden era for me, especially at Polo Ralph Lauren, a company I never expected to end up in after leaving the family business and graduating from Business School. It was survival by wit, guile, charm, and, to speak plainly, a shitload of style. Ralph made sure of that!  And it was often a lot of effortless fun as well!

In addition to my triumph at Polo, several other things were going very well in my life in early 1992.

RUNNING OF THE BULLS

As an MBA business school student in the fall of 1987, in the middle of a raging bull stock market, I was in receipt of a very strong sell signal. In all honesty, I had been for a long time.

Was it from Herby Fischer, my own (and Dad’s) stock broker? (I had a very small account with one holding, Wix, which promptly went down after Herby bought it for me).  No.

Was it from Ira KawallerJimmy Rogers, Jim Freeman, John Whitney or any of the other great business school professors at Columbia Business School? Nope.

How about my pal, Arch Crawford, the famous stock prognosticator who predicted future DJIA index levels by Astrology? Nice try. But wrong.

Ok. Ya think the source could have been someone who had no experience whatsoever in portfolio theory, Elliot wave, or value investing? Someone who never quoted Peter Lynch, Warren Buffet, or even read Alan Abelson’s column in Barron’s?

Yes, it was. None other than the namesake of this blog. My own Dad, Bernard Olcott. Only problem was, he was predicting that the stock market was going to crash. Every. Single. Day. So each evening, I would review the financial news and remark to myself, boy oh boy, that stock market just keeps climbing like gangbusters!