Happy New Year!
Another year is before us and there’s no time to reflect upon past success. New challenges, and a constantly changing investment landscape present us with new opportunities. It’s an intellectual challenge; one we relish. As we reflect on the great year we just had, a few observations:
- Good years are often followed by another good year
- Business fundamentals are in excellent shape
- Economic growth, both domestic and international, is on the upswing
- Economic optimism is soaring.
Now, onward. Investing always requires a dose of optimism. The belief that challenges can be overcome, opportunities always abound, and a willingness to believe in the power of the incentives of a free economy within a free people. We are all very lucky to live in this great country.
Stay steady, my friends.
the Lonely Bull