SunLakes of AZ Blog

We hope you enjoyed your Labor Day weekend.

A while back, I was thumbing through my bookshelf copy of Graham & Dodd’s classic text, Security Analysis, first authored in the 1930’s.  Coincidentally, this was just before the recent Wall Street Journal article declaring the “Decline of the P/E Ratio,” among other articles that occasionally allude to their work.  Strangely, the two seem to be most readily acknowledged either in times when they’ve been dismissed as passé, out-of-step with cutting-edge quantitative techniques, or, conversely, their traditional and straightforward ways of looking at the world have been “rediscovered” by investors discouraged by complicated modern methods.
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Summer Is Almost Over, Thank Goodness!

We’ve just past an anniversary. It might have been in May but more likely in June or July. Our economic recovery is now a year old, hard to believe since there is about as much angst about the economy now as there was a year ago or two years ago. Most people in the investing world worry about the economic future all the time, but usually the worry is about just how fast we’re growing. Today the worry is whether or not we’re growing. This whole debate misses one very important point, we’re still growing!
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