Archive for March, 2006

What We See

Friday, March 31st, 2006

As a rock on the seashore he standeth firm, and the dashing of the waves disturbeth him not. He raiseth his head like a tower on a hill, and the arrows of fortune drop at his feet. In the instant of danger, the courage of his heart sustaineth him; and the steadiness of his mind beareth him out. — Aristotle

Someone with more credentials and experience than us said something like the following: it’s not the story on page one of the newspaper that really costs an investor; rather it’s the story on page sixteen that one should be concerned with. Similarly, we should be more concerned with what the average investor is not concerned with rather than with what he or she is concerned with, since the latter is, by definition, priced into the markets. Accordingly, we present to you a few things that we are keeping an eye on.