January 15, 2009
Expectations have, once again, gotten ahead of reality. We proceed with cash and caution.
October 16, 2008
We see significantly more economic challenges to come in the coming months and are maintaining a substantial allocation to cash in client portfolios.
July 21, 2008
We expect extraordinary challenges for the economy and the investment markets to continue; these conditions may also create some extraordinary investment opportunities for those with cash and patience.
April 14, 2008
The recovery will likely be slower and more anemic than expected. We remain defensive.
January 14, 2008
If you are willing to look across the valley, the current environment offers a rare opportunity to invest in great companies.
October 8, 2007
And with a flick of his magical monetary wand, Federal Reserve Chairman Ben Bernanke restored liquidity, stability and confidence to the financial markets as they teetered on the edge of the sub-primal abyss.
August 20, 2007
With fear, uncertainty and panic prevailing, good assets are being put on sale with the bad. We believe this is a good time to be investing.
July 18, 2007
… Hilton, that is, or so it seems.
April 10, 2007
A roller coaster ride ends where it begins, in relative calm and at full stop, in sharp contrast to the wild ride in between.
January 15, 2007
For the stock market, 2006 was a play in two acts.