Commentary

Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

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April 1, 1999

Berkeley Chosen to Co-Head Potomac Pro-Business Group

By Staff Reorts

Nasdaq President Alfred Berkeley has been named co-chairman of a four-year-old business group in the greater Washington area that is tapping the growth potential of information-age businesses.

Berkeley is assuming the role of co-chairman of the Potomac KnowledgeWay's board of directors. An expert in computer technology, Berkeley was previously a managing director and senior banker at the former Alex. Brown & Sons, where he specialized in computer

software and electronic-commerce companies.

"The wave of innovation and new business in the greater Washington area makes it one of the most exciting technology markets in the world," said Berkeley, who will continue as Nasdaq president while working with the group.

When the Potomac KnowledgeWay was founded in 1995 by Mario Marino, who is the other co-chairman, the main employer in the Washington area was the federal government. It was then down-sizing. The new group's mission was to harness the job-creation potential of technology. Today, jobs in technology, led by Internet-based outfits, outnumber federal-government jobs in the area.