WARM FEELING OF BEING INVESTED IN A DIVERSIFIED PORTFOLIO OF WELL MANAGED COMPANIES

June 07, 2023

Dear Friends:

During this month of June, as summer approaches with warmer weather and longer days, I am reminded of the warm feeling of being invested in a diversified portfolio of well managed companies.

The feeling of knowing that in spite of whatever is happening “out there”, we are investing capital in the long-term growth prospects of earnings, and dividends, in spite of it all- year after year.

We invest in the shares of the most stable, profitable, and financially sound companies in America, and the world.

Nothing will cause us to deviate from this philosophy and investment policy.

 

Fun Fact: The S&P 500 was 1292 on July 31, 2011, and 1733 on October 17, 2013. These were the most recent dates of the existential debt ceiling “crises” that got resolved.

 

*Diversification does not assure a profit or protect against loss in declining markets, and diversification cannot guarantee that any objective or goal will be achieved.