“All investment returns are not created with equal risk.  Investors should recognize this, and evaluate each investment they make to determine the risk undertaken to achieve the gain they made.”  Robert D. Rosenthal, CEO and CIO of First Long Island Investors

A strong economy characterized by accelerated corporate earnings growth as well as robust consumer and business confidence led to record highs for the S&P 500, Dow Jones Industrial Average, and NASDAQ during the quarter. Continue Reading

“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”  Warren Buffett, Chairman and Chief Executive Officer, Berkshire Hathaway

In our opinion, the second quarter was characterized by accelerating domestic economic growth while also reflecting angst over an aggressive trade posture taken by President Trump as well as a Federal Reserve Board intent on raising interest rates. Continue Reading

“Only for short-term investors and market timers is a correction not an opportunity.”

-Warren Buffett, Chairman, Berkshire Hathaway

The first quarter witnessed the return of somewhat higher than normal volatility as compared to recent years (and certainly compared to the abnormally low volatility of 2017).  Continue Reading