February 15th, 2013
First Long Island Investors, LLC (“FLII”) a wealth management firm overseeing approximately one billion dollars in assets is pleased to announce a number of significant promotions. Edward C. Palleschi and Philip W. Malakoff have both been appointed Senior Vice President – Wealth Management. Both Ed and Philip had been Vice Presidents at FLII. In addition, […]
Read more > January 31st, 2013
“Time is the friend of the wonderful business. It’s the enemy of the lousy business. If you are in a lousy business for a long time, you’re going to get a lousy result, even if you buy it cheap. If you’re in a wonderful business for a long time, even if you pay a […]
Read more > January 10th, 2013
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” Sir Winston Churchill 2012 will be remembered as the year when it wasn’t easy being a long term investor, but it proved to be very rewarding. The “kitchen sink” of significant difficulties plagued investors including: European fiscal union crisis […]
Read more > November 13th, 2012
One week after the Presidential election clients and friends of First Long Island Investors met to analyze what President Obama’s re-election means to the economy and investors. FLI Chairman and CEO, Robert D. Rosenthal, and Economist, Robert DeLucia shared their thoughts on this subject. With interest rates remaining near historic lows, Robert DeLucia also discussed […]
Read more > November 1st, 2012
“In the business world the rear view mirror is always clearer than the windshield.” Warren Buffett Investment Perspective Despite a lack of clarity and many issues to be concerned with, our clients and most long-term investors experienced significant gains in the third quarter (see Part II, Third Quarter Investment Results). Our traditional equity and […]
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