Taking Our Economic “Lumps”

Jul 2001

…our investment strategy is not—and never has been—dependent on perpetually smooth economic growth.  We take the economy’s lumps as they present themselves, and we do our best to take advantage of the long-term opportunities created by volatility in the economy and in stock prices.  While others may focus on nearby trees in the economic forest, we’ll be working extra hard to continue to focus on the forest itself.