EDUCATORS ’ PERSPECTIVE

Year after year , whether it ’ s open range cattle ranching , stock market ploys or Bernie Madoff Ponzi schemes , the small stationary world of “ the sure thing ” continues to plague investors . One of the worst approaches to risk management is to assume that risk doesn ’ t exist .

Mark Gordon , the current governor of Wyoming , understands risk . He previously served on the board of the Federal Reserve Bank of Kansas City . Before becoming governor , Gordon was Wyoming ’ s state treasurer . In that capacity , he used his financial knowledge and experience to modernize the way the state ’ s $ 20 billion portfolio of public funds was managed .

It is ironic that Gordon , a Johnson County rancher , now holds the highest elective seat in the state . A wall in the treasurer ’ s office holds portraits of everyone who has served as Wyoming state treasurer . A colorful bumper sticker sits perched over Gordon ’ s portrait that reads , “ Johnson County : We Haven ’ t Trusted Cheyenne Since 1892 .”

Brian Grinder is a professor at Eastern Washington University and a member of Financial History ’ s editorial board . Dr . Dan Cooper is the president of Active Learning Technologies .

Note

1 . O ’ Neal disagrees , arguing , “ It has been commonly assumed that the timely arrival of the cavalry saved the defenders from imminent annihilation . But the attackers had greatly outnumbered the defenders for two days , and although some of the younger attackers had boasted about how many gunmen they would kill , there had been no move to attack the TA fortifications .” Starvation in an extended holdout , O ’ Neal believes , was the more likely scenario in the absence of intervention by federal troops .

Sources

Davis , John W . Wyoming Range War : The Infamous Invasion of Johnson County University of Oklahoma Press : Norman , OK . 2010 .

Egan , Timothy . Lasso the Wind : Away to the New West . Knopf , distributed by Random House : New York . 1998 .

Holger , Dieter and Olivia Bugualt . “ CEOs Increasingly See Sustainability as Path to Profitability .” The Wall Street Journal . October 12 , 2020 . Kay , John and Mervyn King . Radical Uncertainty : Decision-Making Beyond the Numbers . W . W . Norton & Company . 2020 .

O ’ Neal , Bill . The Johnson County War . Eakin Press : Fort Worth , TX . 2004 .

Reynolds , Nick . “ Since Winning the Wyoming Governor ’ s Race , Mark Gordon has been Busy Fashioning an Office in his Image .” Casper Star-Tribune Online . January 6 , 2019 .

Smith , Helena H . The War on Powder River . McGraw-Hill : New York . 1966 .

THE JOURNAL OF THE INTERNATIONAL BOND & SHARE SOCIETY

ENCOURAGING COLLECTING SINCE 1978 No . 113 - AUGUST 2020

The Coxes at 2004

Strasburg – page 7

➠ BUYING ON TIME

➠ IBSS FACEBOOK UPDATE

➠ BUSINESS IN PANDEMIC

Jones and Welo cover “ Covid-19 reading selections ” – pages 18 and 23

Worldwide Auctions – page 34

Auction Newton again !

– page 49

Hidden treasures – watermarks on stocks and bonds – page 20

1837 Nordbahn Binds Up Habsburg Empire

– page 28

R . G . Dun in by Caribou Consolidated

– page 13

Colenbrander – South African Adventurer

– page 30

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