You may have noticed that this quarter’s letter is a bit later than usual. You can blame me personally.
Insights & Other Important Communication
I remember when I was in first grade. It was 19… well, that part’s not important. It was April and the first-grade class performed for the rest of the elementary school. I had the honor of giving the first spoken lines. Young Art stepped out and said “Do you know about Spring? When days are warm, and robins sing? Listen to us and you’ll find out, just what Spring is all about.” and then the entire class sang a short song about springtime.
Happy New Year! Are you one of the many Americans who consider the beginning of the year to be an opportunity to refresh, adjust, and improve? The New Year’s Resolution has become a staple of our society. The first of January also defines an easy period to “start fresh” in regard to investment performance which creates listeners to countless pundits and soothsayers who offer up specific roadmaps for stocks. I prefer to use simple math as a guide as we enter 2018.