![]() We were confident that changes don’t happen in a vacuum nor overnight, and so far that is turning out to be the case from a policy perspective. In last quarter’s newsletter we briefly touched on our prediction surrounding the potential market reaction to the U.S. Now we’re going to shift over to Patrick and let him carry the news, illuminating some of our thoughts on current investments and the selections we have been making. As simple as it may sound, the relative valuation of the purchase price almost always decides whether or not, over time, you’ll have a profitable enterprise, a profitable investment. We might speculate on the direction of interest rates from time to time, or the push and pull of politics, but as you have heard me say many times, we’re not investing in the market, we’re investing in individual companies. Know that the wall of worry is there and we’re paying attention to it. Many of you have heard me drone on about the things we’re going to pin on our wall of worry. Now we’re looking forward to really intriguing investment challenges and finding solutions that work for our portfolios. We followed with a solid first quarter of 2017. ![]() And for the first one of those family members who recalls this and contacts us, we’ll give you an opportunity to submit yet another poem for next quarter. This poem was handed to me by a gentlemen from a northwest family that has been with us for a long time.
0 Comments
Leave a Reply. |