Richard Kimball, a graduate of Andover and Yale, spent 55 years in the investment business. Starting out as a broker in his early twenties, he has participated on almost every aspect of the business over the years. As a portfolio manager he regularly wrote policy papers on the macro-scene. His intent was to look 6 months to a year ahead to anticipate the Iikely changes that would occur, thus being able to position his clients to take early advantage of market fluctuations. A selection of those papers that are included in this book present his method of looking ahead to anticipate change.