Earning an MBA from the Tuck School of Business at Dartmouth College, Tony Ehinger went on to become managing director at Credit Suisse, a financial services company headquartered in Zurich, Switzerland. Prior to retiring, Tony Ehinger specifically worked in low cost index funds, properly diversified portfolios, and retirement investments. In his free time, he enjoys attending live Bruce Springsteen concerts.
One of Springsteen’s most notable performances was when he played in London’s Hyde Park in 2009. He began his set with “London Calling,” a cover song by The Clash, and played 21 more songs. Springsteen then came out for an encore set of five more songs, ending with “Dancing in the Dark.” He turned the performance into an album titled “London Calling: Live in Hyde Park” with special appearances by other musicians.
In 2012, Bruce Springsteen and The E Street Band went back to Hyde Park to play a concert. He played a three-hour set for a crowd of 76,000 people and even brought Paul McCartney up on stage for his finale. However, the concert really made headlines when city officials cut off the power during McCartney and Springsteen’s duel rendition of “Twist and Shout” because they were playing past curfew.
Farm to Table
Now retired, Tony Ehinger served Credit Suisse for some 25 years, most recently as co-head of global securities in the investment banking division. As a citizen concerned with a sustainable environment, Tony Ehinger is involved with the farm-to-table movement, which he supports at his farm in Harding, New Jersey.
Farm-to-table is a response to the predominance of processed food in Western diets. This trend began with the introduction of mechanized transport; previously, consumers’ pantries were filled with food brought in from 50 miles away at most.
As railways and trucks carried more and more freight over the last century, that distance grew dramatically. Now, fruits and vegetables travel an average of 1,500 miles. Many times, they are picked prematurely so they will mature in transit. These long-distance foods may have fewer nutrients than food allowed to ripen on the vine and are more likely to have chemicals that can lead to health problems.
Although the farm-to-table concept is well established, it did not catch on with the public until the advent of restaurants serving local foods. As consumers want more, co-ops and farmers’ markets have stepped in to meet a growing demand.
In addition to promoting health, eating locally has other benefits. Reduced fuel consumption and greenhouse gases aid the environment. Fresh food becomes more appealing as farmers prioritize taste and health rather than ease of transport. Purchases of farm-to-table food put money back into local or regional economies and help small farmers maintain their standard of living.
An experienced financial services professional and business leader, Tony Ehinger served as a managing director of investment banking with Credit Suisse from 1986 to 2011. Outside of the professional environment, he is an avid Bruce Springsteen fan who particularly enjoys seeing him live. Tony Ehinger’s favorite show of all time is Springsteen’s 2012 concert in London’s Hyde Park.
Remaining true to his reputation for marathon sets, Springsteen played for over three hours during his headline slot at the Hyde Park Hard Rock Calling Festival. At the climax of his performance, he encouraged a reluctant Paul McCartney, who was enjoying the show from the wings, to join him for several songs. This marked the first time that the two legends shared the same stage.
Backed by the E Street Band and Rage Against the Machine guitarist Tom Morello, Springsteen and McCartney launched into a raucous version of “I Saw Her Standing There” before reworking “Twist and Shout” into an extended jam session. This jam apparently went on too long for city officials. Before Springsteen and McCartney could finish their performance, the speakers were silenced in order to adhere to local noise ordinances.
Since retiring from Credit Suisse after a 25-year career at the firm, Tony Ehinger has been involved in the local food movement through his work at Sandy Farm in Harding, New Jersey. Also a music fan, Tony Ehinger especially enjoys listening to Bruce Springsteen.
Although many people are familiar with Bruce Springsteen’s music, few may be aware that he once pitched a song for inclusion in a Harry Potter movie. Springsteen describes the song, titled “I’ll Stand by You Always,” as a ballad, which he wrote for his oldest son, Evan.
It is possible that the song was not accepted because no Harry Potter film has ever included a song with lyrics. So far, all of the franchise’s soundtracks have been orchestral scores written by John Williams, Alexandre Desplat, and other composers.
Although the song was rejected for the Harry Potter film, Springsteen does not rule out writing another song for a future film, and he hopes to one day write a song for a children’s movie.
Farm to Table
With 25 years behind him at Credit Suisse in various leadership positions, Tony Ehinger retired from his role as co-head of global securities for the bank’s investment banking division in 2011. Since then, Tony Ehinger has been farming in New Jersey at Sandy Farm, which participates in the farm-to-table movement.
The farm-to-table movement refers to the preparation of dishes with locally sourced ingredients. According to the Food, Conservation, and Energy Act of 2008, local food must not travel beyond 400 miles from its source. On average, food considered local only travels 44.6 miles, while the average for conventionally sourced food is more than 1,500 miles. Reducing the distance food has to travel minimizes emissions, which is one of the reasons many people are participating in the farm-to-table movement.
Another is to reconnect with food as a seasonal source of nutrition and togetherness. Cooking and eating simple, local food as a family or a community happens less frequently today as we have more access to processed foods that require little time to prepare. Along with offering health benefits, local food provides an opportunity to slow down.
Tony Ehinger retired from Credit Suisse in 2011, after serving as a finance executive in the company for 25 years, most recently in their investment banking division. Tony Ehinger now devotes his energy supporting his local food community at Sandy Farms in New Jersey.
The importance of eating locally has gained momentum in recent years with the promotion of the farm-to-table movement. From a practical point of view, the advantages of consuming locally sourced food makes sense for a variety of reasons.
1. Financial – Buying food grown or produced in your own city keeps money and jobs close by, supporting the local economy.
2. Health – Food from a local farmer or farmer’s market may be healthier. Often, if a farmer sells his food at a regional stand or market, the food contains less or none of the harmful pesticides used by farmers who transport their product.
3. Flavor – If fruits and vegetables don’t have to be shipped across the country to reach the consumer, they can ripen longer, yielding better flavor.
After graduating with an MBA from Dartmouth’s Tuck School of Business, Tony Ehinger enjoyed a career in the finance sector and recently retired from the investment division of Credit Suisse. As a finance professional, Tony Ehinger had to have a solid understanding of balancing risk tolerance with investment objective.
A term used in the finance sector, risk tolerance describes an investor’s comfort level with the ups and downs of the market. Descriptors for risk tolerance include conservative, moderate, and long-term, and each of these has a corresponding investment objective.
If an investor gets nervous thinking about the volatility of the stock market, his risk tolerance likely falls into the conservative category, meaning he will take a lower return in exchange for a lower risk. Moderate investors may be willing to diversify their portfolio with some volatile opportunities, hoping to be rewarded with returns that outpace the market. Lastly, investors with a long-term risk tolerance plan have a time horizon of at least ten years. They accept the daily rigors of the stock market, knowing that significant profit in the market often requires higher risk.
Farm to Table
Tony Ehinger spent more than 25 years as managing director with Credit Suisse. Tony Ehinger now oversees activities at Morris County, New Jersey-based Sandy Farm, a farming operation involved in the farm-to-table movement.
There are a number of consumer benefits when it comes to the farm-to-table movement. Locally grown food is often more nutritious when compared to food that has been transported long distances. Most fruit and vegetables travel more than 1,000 miles before arriving at a grocery store, a fact that forces farmers to harvest food before it is fully ripe. Picking fruit and vegetables before they have ripened prevents the food from spoiling during transport, but inhibits proper nutritional development.
Farm-to-table also yields environmental benefits. The average semi-truck delivering fruit and vegetables burns 1 gallon of gas every 5 miles. That means a typical 1,500-mile delivery route requires approximately 500 gallons of fuel. Food grown locally, meanwhile, may involve only a few miles of ground transport.
Finally, the local economy can benefit from farm-to-table practices. Money made by a grocery store chain that imports food from thousands of miles away, and in many cases from another country, does not always find its way back into local businesses and programs. On the other hand, the financial success of a local farm allows the farm to continue producing high-quality fruit and vegetables for the rest of the community.
Low-Cost Index Funds
A longtime financial professional, Tony Ehinger guided an international multibillion-dollar sales and trading desk with Credit Suisse. Tony Ehinger has extensive experience in properly diversified portfolios and has particular knowledge of low-cost index funds. These holdings offer fundamental security that trying to “beat the market” simply cannot. In addition to being priced affordably, they are broadly diversified, which removes the risk associated with holding individual stocks.
Warren Buffett is one of the biggest proponents of low-cost index funds, and in 2014 he gave specific advice to Berkshire Hathaway shareholders: place 10 percent of investment money in short-term government bonds. The other 90 percent, according to Buffett should be allocated for a “very low-cost” fund tied to the S&P 500 index.
Finding a truly low cost fund is not as easy at it might seem, however. Factors such as expense ration, brokerage commissions, and front-end loads can pile on costs associated with holding index funds. For this reason, it makes sense to partner with a respected financial professional in finding the right fund suited to one’s individual needs.
Farm to Table
Formerly the co-head of global securities at Credit Suisse, Tony Ehinger retired from the company in 2011. Outside of his professional interests, Tony Ehinger maintains a passion for farming and is a major supporter of the farm-to-table movement.
The farm-to-table movement started with the idea of creating community through food. Two early pioneers of the movement were Kimbal Musk and Hugo Matheson. Kimbal Musk graduated from the French Culinary Institute in New York and discovered his passion for feeding people in a meaningful way while volunteering to serve food to firefighters and rescue workers following the September 11 attacks.
Hugo Matheson, formerly the chef at Mateo in Boulder, Colorado, grew up in England. His childhood consisted of meals prepared with ingredients sourced locally. His transition into an American restaurant career made him realize that using produce and ingredients from local farmers was unusual in the United States. In an attempt to reinvigorate that tradition, he partnered with Kimbal Musk in 2003 to open The Kitchen.
The Kitchen focused initially on building trust with local farmers and creating foods using locally sourced ingredients. Previously, farmers and restaurants lacked rapport, primarily because growers were skeptical that restaurants would fulfill their intended orders. The farm-to-table movement founding fathers changed that by accepting any and all ingredients when the restaurant first opened. Over time, they were able to place orders with local growers on a regular basis.
Following these principles, The Kitchen has thrived and expanded to include Next Door, a restaurant serving flatbreads and appetizers. Along the way, the farm-to-table movement has grown in popularity across America.