Review & Outlook

April 12, 2021

When looking through your results for the past twelve months, the sight of our Growth Stocks running up over 50% is literally breathtaking. The fact is that as good as it has been in compounding at this rate, the sunny outlook that promises to carry us even higher also reveals how far back (and down) lie more comfortable equity valuations. And as much as we can control your portfolio exposure from here, the market’s direction depends much more on collective choices, and seldom yields to wishful thinking – especially our own.

Review & Outlook

April 12, 2021

When looking through your results for the past twelve months, the sight of our Growth Stocks running up over 50% is literally breathtaking. The fact is that as good as it has been in compounding at this rate, the sunny outlook that promises to carry us even higher also reveals how far back (and down) lie more comfortable equity valuations. And as much as we can control your portfolio exposure from here, the market’s direction depends much more on collective choices, and seldom yields to wishful thinking – especially our own.