July 2010 Letter
One of the many benefits to our clients is the fact that some of us have been managing money for over forty years. I think this has helped us keep our perspective in making long-term unemotional investment decisions rather than being unduly influenced by short-term economic and financial market news.
Our enclosed letter titled "Up, Down; Round and Round," reaffirms our investment approach as we continue to work through these challenging times.
Up, Down
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