Shareholder Letter

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3/31/17

Choose Your Path or Risk Getting Lost

The mixture of good and bad for the economy and markets underscores the importance of selectivity.

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Archive

12/31/16

Investing with Optimism

An investment sweet spot seems to be emerging where optimism and fundamentals intersect.

9/30/16

A Return to Independent Thinking

Value opportunities available, independent thought required.

6/30/16

The Importance of Being in the Know

Taking a page from Peter Lynch: Heightened concerns are best contained by knowing what you own.

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