We live at a time where the unthinkable has become common

By Steve Blumenthal

“We live at a time where the unthinkable has become common.”
— B. Scott Minerd, Managing Partner, Guggenheim Partners

Do you remember the story book The Little Engine That Could?  The best known version of the story was written by “Watty Piper,” the pen name of Arnold Munk, who was the owner of the publishing firm Platt & Munk.  Arnold Munk was born in Hungary, and as a child, moved with his family to the United States, settling in Chicago and later moving to New York.  Platt & Munk’s offices were at 200 Fifth Avenue until 1957 when Arnold Munk died.

In the tale, a long train must be pulled over a high mountain.  Larger engines,...