"The stock market is filled with individuals who know the price of everything but the value of nothing." - Phil Fisher
“Well, that was weird.” – Walter Hobbs, Elf 2003
"Every company's greatest assets are its customers, because without customers there is no company."
"The stock market is a device for transferring money from the impatient to the patient." -Warren Buffett
"Smart is when you believe half of what you hear. Brilliant is when you know which half". - Robert Orben
Given the current volatile markets, we thought that you might find the attached market update from Robert Doll at Nuveen helpful in understanding some of the current issues. We believe this report very well summarizes some of the current concerns impacting the markets and we agree that although growth may be slowing, long-term trends are still healthy.
We are always happy to talk and please do not hesitate to contact us with any questions or comments. Our best to you and your families for the remainder of the holiday season.
“If owning stocks is a long term project for you, following their changes constantly is a very, very bad idea. It’s the worst possible thing you can do.” – Daniel Kahneman
"I don't focus on what I'm up against. I focus on my goals and I try to ignore the rest."
"When markets are turbulent, hope is not a strategy." - Brown Brothers Harriman
“In investing, just as in baseball, to put runs on the scoreboard one must watch the playing field, not the scoreboard.”
— Warren Buffett
Cyber Security update from Salvus Wealth Management
Read Bob and Chuck's letter to learn more about what is new at Salvus Wealth Management this summer.
"Only when the tide goes our do you know who's been swimming naked." - Warrent Buffett
"Only liars manage to always be out during bad times and in during good times." - Bernard Baruch
"We stand today at a crossroads: One path leads to despair and utter hopelessness. The other leads to total extinction. Let us hope we have the wisdom to make the right choice." - Woody Allen
"Growth in intrinsic value is what every investor wants to see in their stock portfolio - but just about everyone gets distracted by what the share price happens to be doing from one day to the next."
-Robert J. Mark, St. James Investment Company
"We have met the enemy and he is us." - 1970 Earth Day Poster