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Some of us older members of the industry are called experienced. You've probably heard the old sayings that experience people are just ones who have survived their mistakes. It is true and it is important. Mistakes are an extremely valuable teacher; far more valuable than the "tuition" they extract in the present when assessed with a longer-term view.

The PM40 closed Friday, 28 August 2020, at 3134.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 28 August 2020 up 11.9% from the 30 August 2019 level.

In this issue of Disconnected Comparisons, we evaluate Neenah Paper and Resolute Forest Products.

Reported insider trading since the last issue of PaperMoney.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 140 papermaking innovators and legends have been enshrined. This month, we profile the late Elis Olsson, who was inducted into the Hall of Fame in 1995.

The PM40 closed Friday, 14 August 2020, at 3102.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 14 August 2020 up 7.6% from the 16 August 2019 level.

In this issue of Disconnected Comparisons, we evaluate Domtar and Smurfit Kappa.

Reported insider trading since the last issue of PaperMoney.

This is directed at those companies with printing & writing machines shut down. May I suggest that perhaps your job today is to create demand? Yes, I know those machines are big, and turning just one on can flood us with more fine paper than we know what to do with, but perhaps it is worth a shot.

The PM40 closed Friday, 31 July 2020, at 2927.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 31 July 2020 down 7.8% from the 2 August 2019 level.

In this issue of Disconnected Comparisons, we evaluate Glatfelter and Louisiana Pacific.

Reported insider trading since the last issue of PaperMoney.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 140 papermaking innovators and legends have been enshrined. This month, we profile Curt G. Joa, who was inducted into the Hall of Fame in 2007.

The PM40 closed Friday, 17 July 2020, at 2941.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 17 July 2020 down 8.5% from the 19 July 2019 level.

In this issue of Disconnected Comparisons, we evaluate Amcor and UPM Kymmene.

Reported insider trading since the last issue of PaperMoney.

When a major event has happened in the past, we have often taken a small, collective pause and then resumed our normal activities. We are in a major event like no other. If you wait for things to return to normal, you will likely go out of business. This is the new normal. We are going to adopt practices and do things differently than we have before and these changes will be permanent.

The PM40 closed Friday, 3 July 2020, at 2753.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 3 July 2020 down 15.9% from the 5 July 2019 level.

In this issue of Disconnected Comparisons, we evaluate Graphic Packaging and International Paper.

Reported insider trading since the last issue of PaperMoney.