A financial analyst who researches the effects of laws and regulations - as well as commercial and economic fundamentals - on investments in the health sector, John R. Graham is Director of Health Care Studies at the Pacific Research Institute in San Francisco, California. Other appointments include Senior Fellow of the National Center for Policy Analysis, Adjunct Scholar of the Mackinac Center for Public Policy, and member of the Board of Visitors of the Benjamin Rush Society of medical students and physicians. Born in Canada, Graham previously served as Director of Health and Pharmaceutical Reasearch at the Fraser Institute in Vancouver, British Columbia, and commanded a platoon of infantrymen during his service in the Canadian Army in Canada, Cyprus, and Germany. Graham served on the institutional sales and trading teams of Goldman Sachs in Frankfurt, Germany and Kidder, Peabody in London, England. European financial institutions were his clients, and he achieved the position of Assistant Vice-President. Graham received his M.B.A. from the London Business School (England) and his B.A. (with Honors) in economics and commerce from the Royal Military College of Canada. He is a Chartered Alternative Investment Analyst (CAIA Charterholder) and has completed all three levels of the Chartered Financial Analyst (CFA) program.