April 30th, 2013
“Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.” Peter Lynch Summary Review The first quarter resulted in very substantial gains for domestic equity markets (S&P 500 +11%), treading water in bonds, and a slow but continuing recovery in […]
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 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 […]
Read more > July 31st, 2012
“The key to making money in stocks is not to get scared out of them.” Peter Lynch Investment Perspective Life has a way of injecting reality into our good time. The first quarter was a great period for investors, but one should never annualize investment returns after one good quarter. The second quarter ending June 30th […]
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