Family Office
Viewpoint: 1961 Revisited (with apologies to Dylan)

At least one advisor sees harbingers of change for the better at
every turn. Alec Haverstick is a managing partner of Boxwood
Strategic Advisors, a New York-based advisory to
ultra-high-net-worth individuals and families.
I have become a devotee of reading entrails in recent months --
you know, where one slaughters a chicken and tries to read the
future in its innards; I slaughter nothing but see signs in
everything. And I am beginning to sense a modest change in our
world. So here are, in reverse order, are Alec's top ten picks
for believing in a better immediate future.
First, it's cold here in New Jersey. We're having a real winter:
snow is on the ground and in the air, and we're bundling up like
we haven't in years. I think that's a good sign. After all it
is January. Second, the lines at Costco yesterday were
replete with individuals buying big-screen TVs, and, for those of
us waiting in line to buy our monthly supply of paper goods,
those lines were very, very long. Third, the Arizona Cardinals
are in the Super Bowl led by a quarterback old enough to claim
kinship with the Ancient Mariner. Four through nine: Captain
"Sully" Sullenberger.
And Number 10? Number 10 is today.
Forty-eight years ago this week there was snow on the ground,
lots of it. So much, in fact, that Fairfield Country Day School,
where I had just become a third grader (my mother moved us
mid-year to Connecticut to take advantage of divorce laws less
onerous than those in New York), |image1|was closed on Jack
Kennedy's inauguration day.
Giants
The summer preceding Kennedy's election had been my first
substantive introduction to politics (hell, I was seven), and
Jack Kennedy had already become my hero. I had watched the
conventions on my grandmother's Zenith across the Canasta table
at which I sat with her and whoever else might join us, and
marveled at the political drama that unfolded before my eyes.
The Democrats went first. If I remember correctly, Kennedy had
come to the convention as the front runner but Lyndon Johnson was
nipping at his heels. Also sniffing around were Adlai Stevenson
(in danger of becoming a perennial candidate like Harold
Stassen), Stuart Symington, one of the heroes of the
Army-McCarthy hearings, and Hubert Humphrey whose time had not
yet -- and never really did -- come. Four or five of the lesser
potential nominees were from Jim Crow states, Texas, Georgia and
Arkansas included, and rumors and deals and rumors of deals were
flying right and left. Did Kennedy have Addison's disease? Would
the Southerners walk out? Would LBJ get behind JFK? And, then, in
a night of raucous voting, the man who would later accompany
Jacqueline Kennedy to Paris won on the first ballot and named
Johnson as his v.p. in a move engineered by RFK to keep the South
in the party.
The Republican Convention was less compelling. They trotted
Herbert Hoover out from his suite in the Waldorf, for a few
minutes of bathos. But my grandmother said Barry Goldwater stole
the show with a call for the conservatism that became the
Republican agenda for the next fifty years. My grandmother loved
Goldwater. I was more interested in the moderates and, to
confess, in people watching. I still am.
Nelson Rockefeller was there in his pre-Happy days, aiming for
1964 ("whoops"); George Romney was there before he was
'brainwashed" about Vietnam; John Lindsay was there, representing
the "silk stocking district." He had yet to run for mayor of New
York City and so could still say he went to prep school. A few
years later, St. Paul's would become the "high school" he
attended. I don't remember many others. Norman Thomas was
probably holding his own convention somewhere else, but his
grandson and I had yet to become friends, so I wasn't really
focused on him.
But I digress into the past -- but then that's precisely the
point I would like to make about the future.
Forty eight years ago tomorrow, my future as an American began
and was forever defined. It began when a bareheaded man stood up
in the snowy cold and issued a challenge that all of us can
quote; it began when Robert Frost, unable to read because of sun
glare, departed from his prepared text and recited "A Gift
Outright," and it began with a sense of the possibilities of life
that all of us who were then in third grade knew for a thousand
days, and know forever as "Camelot."
Tomorrow, I pray that all our futures commence anew.
We need a Camelot. We really do. -FWR
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