Our Company |
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| Our Products | |
| Athenaeum | |
| At the Moment
• Market Performance • Questions for Your Investment Advisor |
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TO SUMMARIZE OUR THOUGHTS 4/7/2008 It’s difficult to remain steadfast when markets continuously
gyrate, reacting to the media’s flurries of negative headlines and politicians’
sound-bytes. However, it is important to
remember history has proven that panic breeds opportunity. History also has
shown trying to time the markets is a losing proposition; 99% of returns are
made in 5% of the time. We are investors – not traders. Whether the market is up or down, our goal is
always to find superior businesses at attractive prices. Many times this means buying blue chip companies
that have a problem that needs to be resolved.
More often than not, however, the market will overreact and the price
will fall far below a value that will exist once the company rights the
ship. Of course, we prefer our stocks go
up immediately, but history has taught us we cannot be too concerned about the
timing of our gains. If we believe the
company’s problems are transitory, it is our patience and willingness to endure
some volatility that will pay off handsomely. |
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