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Category Archives: REITs

Stocks post modest gains on jobs report, improved economic data

Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. – Fred Schwed Jr., professional trader and author of the book Where Are the Customers’ Yachts? The major stock averages closed modestly higher […]

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Stocks edge slightly lower in heavy news week

Here’s one truth that perhaps your typical investment counselor would disagree with: if you’re comfortably rich and someone else is getting richer faster than you by, for example, investing in risky stocks, so what! Someone will always be getting richer faster than you. This is not a tragedy. – Charlie Munger The major stock averages […]

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Major stock averages at record highs as Dow closes above 20,000

Interestingly, we have beaten the market quite handsomely over this time frame, although beating the market has never been our objective. Rather, we have consistently tried not to lose money and, in doing so, have not only protected on the downside but also outperformed on the upside. – Seth Klarman Good things come to those […]

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