3rd Quarter 2015 Report to Investors
October 29th, 2015
“In investing, what is comfortable is rarely profitable.” -Robert Arnott (investor, editor, and writer) The quarter ended September 30, 2015 evidenced significantly greater volatility and the first “correction” (a decline of 10% or greater) since 2011. Both the volatility and correction were overdue as we suggested in both our last quarterly letter and our web […]
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