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PAGE 2 POST-GAZEI"rE, APRIL 7, 2017 by Prof. Edmund Turiello "A weekly column highlighting some of the more interesting aspects of our ancestry.., our lineage.., our roots. Tiberius Claudius Nero Cae- sar, second emperor of Rome, was the third of the twelve Caesars and was also the third member of the Julio-Claudian line. He was born on the Pal- entine Hill on November 16, 42 B.C., the son of Tiberius Claudius Nero and Livia. His mother Livia later married Au- gustus. His father died when Tiberius was only nine years old and at that young age he eulo- gized his dead parent from the rostrum in the Forum. While in his early teens, he and Marcel- lus accompanied the chariot of Augustus in the triumph at Ac- tium (the defeat of Marc Antony and Cleopatra). At a later age, Tiberius mar- ried Agrippina, the daughter of Marcus Agrippa, the army general, statesman and builder of the Pantheon. They lived happily for a few years, but he was forced to divorce her and to contract a hurried marriage to Julia, the daughter of Augus- tus, an act he regretted for the rest of his life. His marriage to Julia soon cooled to the point where he ceased to live with her. His first military service was as a tribune of the soldiers (commander) wherein he led a campaign against Armenia and Parthia, and was responsible for resettling forty thousand prisoners of war into new homes along the Rhine. He returned to Rome riding in a chariot, honored with the Triumphal PlUS TIBERIUS S~atue of Tiberius from Priverno, made shortly after 37 AD, now in the Museo Chiaramonti of the Vatican Museums Regalia, a new kind of distinc- tion never before conferred upon anyone. His popularity mounted and in time he held the offices of quaestor (public prosecutor), praetor (chief mag- istrate), and consul (one of the two highest magistrates). During the height of his suc- cess, Tiberius withdrew from p0litica1'life asidng for ieave Of absence because of wea_rSness of office and a desire to rest. He made a hasty departure from Rome and settled in Rhodes for about seven years. He returned to Rome and took up residence on the Esqualine Hill where he attended mostly to his personal affairs and exercised no public functions. Claudius was ad- opted by Augustus along with Marcus Agrippa. The practice of adopting adults was not uncom- mon in Rome during imperial times. During a revolt and ensuing three-year war with Illyricum, Claudius was given command of fifteen legions plus an equal number of reserve forces. His perseverance was amply re- warded by a complete victory over this territory which now makes up a part of Yugoslavia. The victory took on more im- portance because of a simul- taneous defeat of three Roman legions in Germany. Thus, through Claudius the day was saved for Rome in this area. Because of this success, a "Tri- umph" or great victory parade was held in honor of Tiberius. He was offered the surname of Pannonicus, Invictus, or Pius. It is interesting to note that this all took place in the year 9 A.D. and the name Pius in Latin means conscientious, godly, holy, motherly, brotherly, sisterly : good, sa, cred or patri= I'm otic. not complaining, just explaining. " NEXT WEEK: Tiberius the Plunderer SAVE"HE DATE Until We Meet Again Each morning when we awake we know that you are gone. And no one knows the heartache As we try to carry on. Our hearts still ache with sadness and many tears still flow, What it meant to lose you, No one will ever know. Our thoughts are always with you, your place no one can fill. In life we loved you dearly, In death we love you still. There will always be heartache, and often a silent tear, But always a precious memory Of the days when you were here. If tears could make a staircase, And heartaches make a lane, We'd walk the path to heaven And bring you home again. We hold you close within our hearts, And there you will remain, To walk with us throughout our lives until we meet again. Missing you every day, but especially on your Birthday. Love Always, Your Husband Frank, Your Daughter Jeannine, Your Son Frank Jr., and His Wife Andrea, Your Son Philip and His Wife Toniann, and Your Grandchildren, Anthony, Olivia, Pa on, Presley, Angelique and Vanessa by Chris Hanson We all remember "The thrill of victory and the agony of defeat" from ABC's Wide World of Sports. The host Jim McKay left this tidbit out: many winners were once losers who decided to change course. It's too bad the average investor doesn't embrace needed change; he lets a status quo bias dictate his investment decisions. To explore this topic, I turn my attention to someone eminently special to me, Braintree-born marathon runner Sean Quigiey. The Wicked Smart Investor had the privilege of witnessing his first steps. The significance of that milestone only became apparent when he started running track at Archbishop Williams High School. Scan was fast and won many awards. His most prestigioud award was the 2003 National Scholastic 500M trophy. I was elated for my fellow Bishop. Scan continued to rack up successes at La SaUe University and beyond. He placed well in the 2008 U.S. Olympic trials. The next year, he won the Boston Mayor's Cup during our beloved Mayor Menino's tenure. Now that Sean is running in the Boston Marathon as an elite runner, I'm beaming with pride. After all, I changed his diapers so I can somewhat lay my claim to him. He put in a lot of hard work and sacrifice to get to this point. It took a bit of trial and error for him to optimize his training program. Sean only thinks of winning. If something isn't working, he puts it far, far behind him. The average investor finds making changes harder to do. This is called the status quo bias and it can as dream-crushing as Heartbreak Hill. Simply put, investors have an innate preference for the current state of affairs. Furthermore, they perceive any change from the status quo as a loss even if that change is beneficial. Humans frequently make emotional, irrational investment decisions that can damage their financial well-being. I realize "them are fighting words" in Wicked Smart Boston. But before you get mad, remember I didn't call anyone stupid; I simply called them "human." Let me offer some proof, and HI shrink it down to fit in a nutshell. In 1991, a group of behavioral economists led by Daniel Kahmann created experiments that reliably reproduced the status quo bias. They asked a group of research subjects what they would do in the following scenario: An uncle left you some cash that must be invested in company A, B, C, or D. The subjects had some financial knowledge so they were comfortable selecting investments. The resulting choices were somewhat evenly distributed among the choices. Now, there was a second group and they were told that the funds were already invested in ciflnpany B. They could change to invest'in any of the companies. G~xess what? Although they could make any choice, most of them decided to stay with company B. That is the status quo bias. I see this bias often and it can be quite harmful. Investors have different risk tolerances and time horizons as they go through life andit's prudent to adjust investments accordingly. When I suggest changes, I can almost see, taste, hear, feel and smell investors' defense mechanisms. Think really hard before rejecting changes suggested by your advisor. Changing it up is what made Sean an elite marathoner. I wish we' could change recent marathon history, but that's impossible. We'll never forget what happened because we're a city overflowing with compassion. But a strong finish by a likable local would further assuage enduring wounds and upgrade Boston Strong to Boston Stronger. Let's root, root, root for the home team and cheer On Sean Qulgiey. North End Athletic Association ANNUAL GOLF TOURNAMENT IN MEMORY OF CARMEN "TILLY" DE MARTINO TO BENEFIT THE NORTH END ATHLETIC ASSOCIATION MONDAY, AUGUST 7, 2017 7:30 a.m. (Shotgun start) ANDOVER COUNTRY CLUB 60 Canterbury Street, Andover, MA Over 144 golfers participate in this sold-old tournament annually. It is important that you reserve your space! GOLF, LUNCH AND RAFFLE PRIZES The money raised from this tournament allows the North End Athletic Association to purchase athletic, social, educariona!, and civic activities within the community and the City of Boston. For more information, please contact Louis Cavagnaro at 617-523-7410 1