Saturday, September 19, 2009

The neglect effect

I know that this is slightly off-topic from my usual posts about the financial markets and investment processes, but as investment analysts there is real value in neglected investments. Academics call this the neglect effect.

A friend passed the following neglected story on to me which I thought I should share with you.


Do You Know What These Two Men Have In Common?

They both died June 25th, 2009. One has been covered 24/7 by the media the other has been forgotten.

Travel back with me 44 years.....
You're a 19-year-old kid. You're critically wounded and dying in the jungle in the Ia Drang Valley , 11-14-1965, LZ X-ray, Vietnam . Your infantry unit is outnumbered 8-1 and the enemy fire is so intense, from 100 or 200 yards away, that your own Infantry Commander has ordered the MediVac helicopters to stop coming in.

You're lying there, listening to the enemy machine guns, and you know you're not getting out. Your family is half way around the world, 12,000 miles away and you'll never see them again. As the world starts to fade in and out, you know this is the day.

Then, over the machine gun noise, you faintly hear that sound of a helicopter and you look up to see an unarmed Huey, but it doesn't seem real because no Medi-Vac markings are on it.

Ed Freeman is coming for you. He's not Medi-Vac, so it's not his job, but he's flying his Huey down into the machine gun fire, after the Medi-Vacs were ordered not to come.

He's coming anyway.

And he drops it in and sits there in the machine gun fire as they load 2 or 3 of you on board.

Then he flies you up and out, through the gunfire to the doctors and nurses.

And he kept coming back, 13 more times, and took about 30 of you and your buddies out, who would never have gotten out.

Medal of Honor Recipient Ed Freeman died on Wednesday, June 25th, 2009, at the age of 80, in Boise , ID.


There is real value in neglected stocks and people, regardless of anyone's opinion of the Vietnam war.


Otto said...


Financial Journalist said...

He is a real hero!

keithpiccirillo said...

I lament what priority media has made shallow minds become, when "It leads, if it bleeds" is expected from the masses.
Dangerously outlandish role model trends are now accepted as the norm in many avenues of national culture.
Just one American Air Force veteran's short soliloquy.

Rob said...

Ed Freeman was a great man, and he and Bruce Crandall are both heroes (along with countless other men involved in that battle - everyone should see the movie, or even better, read the book, "We Were Soldiers, Once and Young). However, he passed away in 2008, this is just another one of those fake stories that pop up occasionally.

This is at least the second time since his passing that some jerk has tried to take advantage of his good name to fake a sob story. (Not you, Mr. Hui, I'm addressing the originator!!)