Before beginning this letter I would like to express thanks to all of you who kindly expressed congratulations on our various investment calls of the last few months. There is no doubt that many of our calls have been correct and I would love to say we are smart and infallible. However, it is always better to be lucky than smart, and it is best to be intuitive and thoroughly informed. We have been correct but we want to remind you that infallibility is a myth. We have made and will make mistakes but hopefully we will learn from . . .
Continue Reading: October 20, 2003
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Meet Monty and Tony  
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