Private Briefing

Private Briefing Be a Wealth Builder, not a Wealth Killer. Find the best storylines, and you’ll find the best stocks. Inc., and The Baltimore Sun.

William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints with Gannett Co. Bill has covered finance and investing, economics, manufacturing, the defense secto

r, biotechnology, and telecommunications. The companies he's covered include Eastman Kodak, Xerox, Harley-Davidson, Caterpillar, Westinghouse Electric, Verizon, MedImmune, and Black & Decker. His most-memorable interviews include: former President Richard M. Nixon, General Electric CEO John F. "Jack" Welch, Forbes magazine publisher and former Presidential candidate Steve Forbes, and business-turnaround specialist and helicopter-industry pioneer Stanley Hiller Jr. Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.

l never tire of watching this …
12/28/2025

l never tire of watching this …

The corporate comeback of Sizzler steakhouse …
12/28/2025

The corporate comeback of Sizzler steakhouse …

The chain once operated more than 700 locations across the country.

The Great Jimmy Stewart …
12/25/2025

The Great Jimmy Stewart …

When doctors told him it was time to replace his pacemaker battery, the legendary actor made a decision that stunned his family.
"I'm going to be with Gloria now."
For decades, Hollywood had called James Stewart "The Great American Bachelor." Handsome, charming, and genuinely decent, he'd dated some of the most beautiful women in the world. Ginger Rogers. Marlene Dietrich. Olivia de Havilland.
Yet something always held him back.
By 1947, Jimmy Stewart was 39 years old, a decorated war hero, an acclaimed actor, and still unmarried.
That Christmas, he crashed a party hosted by actor Keenan Wynn. He'd had too much to drink. Across the room stood a stunning green-eyed blonde named Gloria Hatrick McLean. A former model, recently divorced, mother of two young boys.
Jimmy tried to introduce himself.
It went terribly. Gloria was unimpressed.
But Jimmy couldn't stop thinking about her.
For months, he asked mutual friends about her. Finally, in the summer of 1948, Gary Cooper and his wife Rocky invited both of them to dinner.
This time, Jimmy stayed sober. This time, he just talked, told stories, made her laugh.
There was only one problem: Gloria had a German police dog named Bellow who wanted nothing to do with this strange man courting his owner.
"I had to woo the dog first," Jimmy later recalled. "I bought him steaks. Patted him. Praised him. It got pretty humiliating. But we finally became friends. Then I was free to court Gloria."
On his 41st birthday in 1949, Jimmy proposed. On August 9, they married at Brentwood Presbyterian Church. Eighteen guests inside. Five hundred fans outside.
Jimmy didn't just marry Gloria. He became an instant father to her two boys, Ronald and Michael. He adopted them both.
In 1951, Gloria gave birth to twin daughters. The delivery nearly killed her. She spent a month in the hospital.
Jimmy never left her side.
The nurse later told reporters: "I've never seen such an outpouring of love. Her husband was there around the clock. When Mrs. Stewart was ready to be discharged, he was so excited he nearly drove his car into the lobby. We got his wife ready, then he took off. But he had forgotten to put her in the car."
For 45 years, they built a life together in their Beverly Hills home. They raised four children. They gardened together. They attended church every Sunday.
In 1985, Jimmy said: "Gloria and the children continue to bring me enormous pleasure. On the whole, it's been a darn wonderful life."
But tragedy came too. In 1969, their son Ronald, a Marine First Lieutenant, was killed in action in Vietnam. He was 24. He'd had a premonition about that mission but went anyway. He died saving a fellow Marine.
The loss was devastating. But life continued, as it must.
Then, on February 16, 1994, Gloria passed away from lung cancer. She was 75.
The man who'd waited 41 years to find love was suddenly alone.
Jimmy stopped going out. He stopped accepting awards. He spent his days in the garden, talking to Gloria as if she were still there.
In December 1996, doctors told him his pacemaker battery needed replacing. A simple procedure that would extend his life.
Jimmy told his children no. He wanted nature to take its course.
He'd said it before: "If the time comes when my life has no more purpose, I won't hold on to it. I won't fight God if He wants to take me."
Gloria had been his purpose.
On July 2, 1997, surrounded by his children in the home they'd shared for 45 years, James Maitland Stewart passed away at 89.
His final words were seven simple syllables that explained everything about who he really was. Not the movie star. Not the war hero. Not the icon.
Just a man who loved his wife so completely that a life without her wasn't a life he wanted.
"I'm going to be with Gloria now."
Not sad. Not afraid.
Content.
He was finally going home.

12/25/2025
12/25/2025
Merry Christmas, folks!This Christmas card is an old one from my collection … back from the 1930s or before, I seem to r...
12/25/2025

Merry Christmas, folks!

This Christmas card is an old one from my collection … back from the 1930s or before, I seem to remember.

The card may be old — but the sentiment still holds …

Thanks for continuing to follow and comment …

Be sure to check out my investing newsletter on the BeeHiiv app (links in comments).

Private Briefing

Lost Hearts?
12/25/2025

Lost Hearts?

We’ve been asked to identify this horrific-sounding film. Does anyone know what this could be?

Okay, folks: Let’s hear “The Line” from the movie … post in the comments …“It’s a ….!” 😂 Merry Christmas, to everyone, f...
12/25/2025

Okay, folks: Let’s hear “The Line” from the movie … post in the comments …

“It’s a ….!” 😂

Merry Christmas, to everyone, from Private Briefing …

At 630 — as it has every year since 1979 — CBC Radio One reads “The Shepherd” … an xmas ghost story. Available on the CB...
12/24/2025

At 630 — as it has every year since 1979 — CBC Radio One reads “The Shepherd” … an xmas ghost story.

Available on the CBC App.

On demand later, too …

It amazes me that there’s still somuch cool stuff to discover — even in our modern world. Great story here …
12/24/2025

It amazes me that there’s still so
much cool stuff to discover — even in our modern world. Great story here …

The 120 metre wall was either a fish-trap or a d**e for protection against rising sea-levels, archeologists believe.

Great tale …
12/24/2025

Great tale …

At thirty-five, Tom Selleck was exhausted.

Not burned out. Not bitter. Just worn thin from trying.

He had been grinding in Hollywood for more than a decade. Commercials. Guest spots. Screen tests. Pilots that never made it past the first meeting. He was reliable, talented, professional, easy to work with. He did everything right.

And nothing stuck.

Now, finally, Universal Studios wanted him. A real offer. His own television series.

And he hated it.

They were driving through Los Angeles when **James Garner** glanced over at him.

“What’s eating you?” Garner asked.

Garner was fifty-two then. A star. A veteran. He had already carried hit shows, survived studio politics, and learned where the traps were buried. He and Selleck had clicked instantly when Selleck guest-starred on **The Rockford Files** a couple of years earlier. Garner liked him. Not just as an actor, but as a man. He saw discipline. Integrity. And something else. A refusal to sell himself short.

Selleck hesitated.

How do you complain to James Garner about an opportunity actors dream of? How do you admit you’re thinking about turning down your own show?

Garner waited.

So Selleck told him.

# # # The show he didn’t want

“I had an old contract at Universal,” Selleck said. “It expired, and they’ve assigned me this new series. It’s called *Magnum*.”

Garner kept his eyes on the road.

“And I hate it.”

That got his attention.

“This guy,” Selleck went on, “he’s got a Ferrari, women everywhere, always wins. He’s basically James Bond in Hawaii. Slick. Untouchable. There’s no vulnerability. No humor. No humanity. Just a guy being cool.”

He shook his head.

“I don’t want to be that guy for the next five years.”

Garner understood immediately.

**The Rockford Files** worked because Jim Rockford wasn’t glamorous. He got punched. He ran out of money. He lived in a trailer. He solved problems by thinking, not posing. The audience trusted him because he was human.

“So what are you thinking?” Garner asked.

“I might walk away.”

Garner pulled the car over.

This wasn’t a conversation you had at sixty miles an hour.

# # # The advice that changed everything

“I’m not going to tell you what to do,” Garner said, turning toward him. “That’s your call. But here’s what you need to understand.”

Selleck listened.

“You don’t have any power yet. You’ve never carried a show. You’ve been good, but you haven’t proven it at that level. And because of that, this moment right now is the most power you will ever have.”

He let that land.

“Once you sign, they own you. If the show works, you’re locked in. If it fails, you’re damaged. But right now, they want you. That means you have leverage. More than you’ll ever have again.”

Garner paused.

“That’s all I’m going to say.”

# # # The gamble

The next morning, Selleck called his agent. His hands were shaking.

“Tell Universal I’m not doing it,” he said. “Not like this.”

The silence on the other end was heavy.

“Tom,” the agent said, “this is a lead role. This is your shot.”

“I know.”

“Do you understand what you’re risking?”

“Yes.”

Universal’s response came fast and angry.

“Who does he think he is?” executives reportedly said. “He’s never had a hit. He’ll never work again.”

Every actor knows that threat. You say no, and the door slams shut forever.

Selleck’s answer didn’t change.

“Okay.”

# # # What happened next

Universal blinked.

They wanted him badly enough to try something else. They brought in **Donald P. Bellisario**, a producer who understood character before concept.

Bellisario asked one question.

“What would make you want to do this?”

Selleck told him.

Make him human. Give him flaws. Let him be funny. Let him be wrong. Let him struggle. Make him closer to Jim Rockford than James Bond.

Bellisario listened.

Then he tore the show apart and rebuilt it.

The invincible fantasy became Thomas Magnum. A Vietnam veteran with scars he didn’t talk about. Living in a guesthouse he didn’t own. Driving a Ferrari that wasn’t his. Taking cases to pay the bills. Messy relationships. Self-deprecating humor. Real consequences.

A man, not a pose.

Selleck signed on.

# # # Magnum, P.I.

The show premiered on December 11, 1980.

No one knew what would happen.

Then it took off.

For eight seasons, Selleck was Thomas Magnum. The ratings stayed strong. The mustache became legendary. He won an Emmy in 1984. The Ferrari became television history.

But the real reason it worked was simpler.

Magnum felt real.

He lost. He hurt. He failed. And people recognized themselves in him.

None of it would have happened if Selleck had taken the original version. And none of it would have happened without Garner pulling that car over and telling him the truth.

# # # The lesson that lasted

Garner taught him more than how to say no. He taught him how to lead.

How to treat crew members with respect. How to run a set without fear. How to create loyalty by earning it.

Decades later, when Selleck became the lead of **Blue Bloods**, he ran that show the same way Garner ran *Rockford*. Calm. Professional. Human.

Fourteen seasons later, when the show ended in 2024, people talked about the atmosphere on set. How rare it was. How steady it felt.

That was Garner’s influence.

# # # The power of mentorship

James Garner died in 2014.

At his memorial, Selleck spoke through emotion.

“He changed my life,” he said. “Not just my career. My life.”

That’s the quiet power of mentorship.

Not advice shouted from a distance. Not slogans. Just someone who’s been there, telling you the truth when it matters most.

Tom Selleck almost walked away from his future because he refused to compromise who he was. James Garner gave him the courage to stand his ground.

And television was better for it.

Sometimes the most important career advice isn’t about how to say yes.

It’s about knowing when to say no — and having someone wise enough to help you believe you’re allowed to.

I was listening to this “live” on the radio in my room in Murrysville (the game was blacked out on TV). It was a miracle...
12/24/2025

I was listening to this “live” on the radio in my room in Murrysville (the game was blacked out on TV). It was a miracle to my 11-year-old mind …

After the season ended, Franco and some teammates came to my school (Franklin Regional HS) and played my teachers in a charity basketball game. My Dad got tickets and took me … it’s one of my many great memories with him.

Decades later, when i was working as a business reporter for The Baltimore Sun, and Franco’s Super Bakery firm was buying Parks Sausages, i got to interview Franco … and told him both stories.

He seemed every bit the good guy we’ve always heard that he was.

Pittsburgh Steelers

🏈On December 23, 1972 one of the most famous plays in NFL history, “The Immaculate Reception”, occurred in the AFC divisional playoff game between the Pittsburgh Steelers and the Oakland Raiders at Three Rivers Stadium. With the Steelers trailing in the last 30 seconds of the game, Pittsburgh quarterback Terry Bradshaw threw a pass attempt to John Fuqua. The ball either bounced off the helmet of Raiders safety Jack Tatum or off the hands of Fuqua, and, as it fell, Steelers fullback Franco Harris scooped it up and ran for a game-winning touchdown, a 13-7 Steelers victory. The play has been a source of unresolved controversy and speculation ever since, as many people have contended that the ball only touched Fuqua or that it hit the ground before Harris caught it, either of which would have resulted in an incomplete pass by the rules at the time. Kevin Cook's The Last Headbangers cites the play as the beginning of a bitter rivalry between Pittsburgh and Oakland that fueled a historically brutal Raiders team during the NFL's most controversially physical era. NFL Films has chosen it as the greatest play of all time, as well as the most controversial.🏈

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