Category: Client Letters
Quarterly Client Letter: Q3 2026
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: “The Committee decided to raise the target range...
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Quarterly Client Letter: Q2 2026
A recent article in The Economist on the mixed blessings of the AI revolution said, “…it is fiendishly difficult to discern who will profit the...
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Quarterly Client Letter: Q1 2026
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains...
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Quarterly Client Letter: Q4 2025
The past year delivered unexpected developments of all kinds, both positive and negative, but a major surprise to us was the performance of the economy...
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Quarterly Client Letter: Q3 2025
When the tech bubble in the stock market inflated during 1999, we don’t recall as much chatter about a bubble as we are hearing today....
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Quarterly Client Letter: Q2 2025
Our weekly investment committee meetings focus on analyzing the latest economic news and its effect on our Model Portfolio* stocks as well as on the...
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Quarterly Client Letter: Q1 2025
A tariff is a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages....
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Quarterly Client Letter: Q4 2024
I can calculate the movement of the stars, but not the madness of men. –Sir Isaac Newton The past year was one in which “animal...
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Quarterly Client Letter: Q3 2024
Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by ½ percentage point. This...
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Quarterly Client Letter: Q2 2024
Quarterly Client Letter: Q2 2024 When you find a truly wonderful business, stick with it. Patience pays, and one wonderful business can offset the many...
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