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QUARTERLY LETTER: APRIL 2014

“They overturn the old order in a few hours or days, the whole upheaval takes a few weeks or at most years, but the fanatical spirit that inspired the upheavals is worshiped for decades thereafter, for centuries.” ~ Boris Pasternak, Doctor Zhivago

Vladimir Putin. After the blush of world attention at Sochi (albeit spiced with repeated harpooning of his penchant for bare-chested horseback riding), the Russian leader rode a wave of decisively nationalist fervor all the way into Crimea. And, as of this writing, he is poised to annex more of eastern Ukraine which he recognizes as naturally Russian territory. Though shocking to the West, these brash forays have been cheered in the streets and in the government halls of a Russia that clearly seeks to revisit the glory days of the U.S.S.R.