So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
February 02, 2012
Today we share with you some commentary from our Q4 letter to investors as we recap 2011 and look forward to 2012.
The year 2011 was a challenging one for your equity investors as most market indices underperformed their historical averages. Fortunately, U.S. stocks ended the quarter on a positive note as most major indices posted...