• July 2012 Letter

    In this quarter’s letter, we provide commentary on the state of the housing market and its impact on the economy.

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  • April 2012 Letter

    We have re-phrased Franklin’s famous quote to: "Nothing is Certain; Not Even Taxes" and have included commentary on this topic.

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  • January 2012 Letter

    As we write this quarterly letter, it is hard to believe that Covington Capital Management is beginning its eighth year in providing investment management to both families and institutions.

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  • October 2011 Letter

    Our commentary entitled ‘Rolling with the Punches’ attempts to put into perspective the importance of taking the long-term view in making investment decisions rather than letting short-term events materially impact our judgment.

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  • July 2011 Letter

    We thought it might be helpful to provide you with some thoughts on how one might approach the challenges in making investment decisions. The focus is on understanding where stocks are in a market cycle and the characteristics of important turning points in direction.

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  • April 2011 Letter

    Regardless of one’s political affiliation, our letter is an attempt to analyze the current economic environment and to emphasize the need for politicians to recognize the magnitude of our country’s issues. Self-responsibility needs to be promoted and optimism in the future encouraged.

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  • January 2011 Letter

    As we begin our seventh year as Covington Capital Management, this is our twenty-first memo regarding our philosophy of managing client assets. It speaks to the basic fundamental principles of sound portfolio management and reflects how we have grown our assets under supervision to over $1.4 billion.

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