Letters, Page 8

I said in my last letter, “we couldn’t be happier.” I was wrong. This was the best quarter in a long time. …

The March rally has offset our difficult January and February. The indexes are still badly in the hole, but, that’s not you. …

Our economy and most of the world is in the midst of a severe recession. Values of homes and stock portfolios have …

Mr. Baruch profited mightily from the Great Depression. He bought stocks that were cheap and out of favor. To follow his example, …

Apocalypse Now? Probably not. But we will be paying for past excesses in our economy for several years. Tom and I do …

So far, that puts us well among the winners. With the stock market indices averaging a nasty drop of 13% since January …

Barring big changes tomorrow, the indexes for the first quarter will be down approximately, Dow 8%, S&P 500 10%, and the NASDAQ …

It was no fun in the financial markets where volatility returned to levels not seen in years. Two-hundred-point gains and losses were …

Here we are in the 21st century with our own website. Please visit the site and review what’s there to renew your …

After an amazing ten consecutive months of positive investment results, we came to June 2007. Now we have one consecutive month of …