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April 4, 2000

OVERVIEW

Over the past few weeks I have spoken to many of you and I have been asked on several occasions why we have done so well this year. I would like to take this opportunity to summarize our approach in the first quarter and contrast it to economic and market events.

In order to invest successfully, it is important to know who the dominant investor group consists of, and how they think. In the 1960’s the dominant investor group was wealthy individuals. Their money was, and is, primarily managed by bank trust departments and boutique firms like Guild . . .
Continue Reading: April 4, 2000

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