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Acknowledgments

Stock Market Cycles: A Practical Explanation and I are an evolutionary mosaic of experiences, pleasant and not so pleasant lessons, interactions with wonderful people, and many life-shaping events and actions done and yet to be done. I acknowledge them.

My wife, Marjorie; our three children, Brian, Fiona, and Eamon; our dog, Sadie; and a blessed lifetime with wonderful parents are great encouragement.

Early roots of this book trace back to Professors James R. Long-street and Julius Grodinsky at the Wharton School of Finance and Commerce at the University of Pennsylvania, and the works of John Burr Williams and Myron J. Gordon.

Thought-provoking twists and turns came from Professors Elton, Gruber, Ritter, Carlton, Keenan, and Altman of the Stern Graduate School of Business at New York University. A short stint at Merrill Lynch offered other insights.

Intellectual banter with colleagues at the University of Houston and the University of South Florida provided further stimulating ideas. I remember conversations with R. Charles Moyer, Richard Meyer, Jainping Qi, Bill Francis, Susan Long, Paul Solomon, Greg Marshall, Steve Kapplin, and Eugene Dunham.

Academic and professional organization activities widened my horizons. In various capacities with the Eastern Finance Association, Financial Management Association, and other organizations, I discussed ideas with Ed Moses, Diana Harrington, Robert Schweitzer,