We try to explain our investment philosophy by way of this monthly communication. It is important to us that our clients understand this philosophy. We want clients who are comfortable with our point of view, because it will not change. We are sure that there are managers who are successful using entirely different methods, but we will stick with the approach that we understand and that has worked for us in the past.
There will be periods in the future, as there have been in the past, when our approach does not work well, when we are out of step with what is popular on wall street, but we will stick with what we know. It is important to us that our customers understand this, and that they are comfortable with our philosophy.
This is a collection of our monthly newsletters for the last eight years. Click a selection to view a synopsis of the letters by year.
1. Client Letters 2000
2. Client Letters 2001
3. Client Letters 2002
4. Client Letters 2003
5. Client Letters 2004
6. Client Letters 2005
7. Client Letters 2006