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Commentary: “Faith is taking the first step even when you don’t see the whole staircase.” – Martin Luther King Jr.

By Nancy Tengler, CEO & Chief Investment Officer

January 15, 2024. For years I taught at St. Mary’s College in Moraga, California (where I received my MFA). One of my favorite sections of the advanced composition syllabus was the persuasive essay. I always chose Dr. King’s Letter From Birmingham Jail, a literary and moral masterpiece. It never fails to delight and challenge. So, today we honor and remember Dr. King — even in a commentary on the markets — for his courage and moral clarity. His determination and kindness. And his wisdom.

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