NEW YORK (TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Pro readers in his daily trading diary.
Among the posts this past week were entries about the shot heard round the world and his projections for Altisource Residential.
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The Shot Heard Round the World
Originally published on Thursday, Oct. 3 at 8:38 a.m. EDT.
By the rude bridge that arched the flood,
Their flag to April's breeze unfurled,
Here once the embattled farmers stood,
And fired the shot heard round the world.
-- Ralph Waldo Emerson, "Concord Hymn"
During confusing times like these in the investment business, I like to retreat into books or into history in an attempt to deflect and even ignore (even for a brief period of time) the ridiculous systemic issues we face in our country.
My experience is that this sort of rerouting puts it all into perspective.
Ralph Waldo Emerson was a key early American philosopher, poet and writer, particularly known for his appreciation of individualism, self-reliance and intuition. He wrote "Concord Hymn," which was sung as a hymn at a July 4, 1837, ceremony to mark the completion of the Concord Monument, to immortalize the resistance of American Minutemen to British forces on April 19, 1775.
The "Concord Hymn's" key phrase "the shot heard round the world" is now internationally famous for its description of the philosophical importance of the American Revolution. Since then, the phrase has also been used to allude to the importance of single actions in cultural and sporting events. For example the shot that killed Archduke Franz Ferdinand of Austria (which plunged Europe into World War I) was referenced by the phrase.
Baseball's Shot Heard Round the World
Bobby Thomson up there swingin'. He's had two out of three, a single and a double, and Billy Cox is playing him right on the third-base line. One out, last of the ninth. Branca pitches. Bobby Thomson takes a strike called on the inside corner. Bobby hitting at .292. He's had a single and a double, and he drove in the Giants' first run with a long fly to center. Brooklyn leads it 4-2. Hartung down the line at third not taking any chances. Lockman with not too big of a lead at second, but he'll be runnin' like the wind if Thomson hits one. Branca throws. (Sound of bat meeting ball.) There's a long drive. It's gonna be, I believe. The Giants win the pennant!! The Giants win the pennant! The Giants win the pennant! The Giants win the pennant! Bobby Thomson hits into the lower deck of the left-field stands! The Giants win the pennant and they're goin' crazy, they're goin' crazy! Heeey-oh!!! (Ten-second pause for crowd noise.) I don't believe it! I don't believe it! I do not believe it! Bobby Thomson hit a line drive into the lower deck of the left-field stands, and this blame place is goin' crazy! The Giants! Horace Stoneham has got a winner! The Giants won it by a score of 5 to 4 and they're pickin' Bobby Thomson up and carryin' him off the field!
-- Russ Hodges, WMCA-AM radio (Oct. 3, 1951)
While the government shutdown holds center stage today, this date (Oct. 3, 1951) holds a special place in baseball history (as Sir Arthur Cashin mentioned yesterday in his morning commentary). It was the day (not only on Edgecomb Avenue in the Bronx) but throughout the country that "the shot heard round the world" occurred on the baseball field.
It was Oct. 3, 1951 that Brooklyn Dodgers pitcher (and my buddy/pal/friend) Ralph Branca served up a home run to the New York Giants' Bobby Thomson in the bottom of the ninth inning of the final game of the National League pennant playoffs at the Polo Grounds.