Client Letters
Salvus Letter 2021 Mid-Year
"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
Salvus Letter - 1st Quarter 2020
“The stock market is a device for transferring money from the impatient to the patient.”
– Warren Buffett
Salvus Letter - 2nd Quarter 2019
"Every company's greatest assets are its customers, because without customers there is no company."
-Michael LeBoeuf
Salvus Letter - 1st Quarter 2019
"The stock market is a device for transferring money from the impatient to the patient." -Warren Buffett
Salvus Letter - 4th Quarter 2018
"Smart is when you believe half of what you hear. Brilliant is when you know which half". - Robert Orben
Market Update December 17,2018
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.
Salvus Letter - 3rd Quarter 2018
“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
Salvus Letter - 2nd Quarter 2018
"I don't focus on what I'm up against. I focus on my goals and I try to ignore the rest."
-Venus Williams
Salvus Letter - 1st Quarter 2018
"When markets are turbulent, hope is not a strategy." - Brown Brothers Harriman
Salvus Letter - 4th Quarter 2017
“In investing, just as in baseball, to put runs on the scoreboard one must watch the playing field, not the scoreboard.”
— Warren Buffett
Salvus Letter - 3rd Quarter 2017
Cyber Security update from Salvus Wealth Management
Salvus Letter - 2nd Quarter 2017
Read Bob and Chuck's letter to learn more about what is new at Salvus Wealth Management this summer.
Salvus Letter - 1st Quarter 2017
"Only when the tide goes our do you know who's been swimming naked." - Warrent Buffett
Salvus Letter - 4th Quarter 2016
"Only liars manage to always be out during bad times and in during good times." - Bernard Baruch
Salvus Letter - 3rd Quarter 2016
"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
Salvus Letter - 2nd Quarter 2016
"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
Salvus Letter 1st Quarter 2016
"We have met the enemy and he is us." - 1970 Earth Day Poster