Howard Marks, Co-Chairman of Oaktree Capital, is a highly successful investor. A recent letter to shareholders penned by Marks contained what I thought is excellent wisdom for investors on the topic of forecasting.
There is a long-running investment industry debate about which investment strategy is better, value stock investing or growth stock investing. “Value” stocks have traditionally been defined as stocks with low valuations (e.g. low price-to-earnings ratios). “Growth” stocks have been defined as companies with above average revenue and earnings growth.
We believe at S.R. Schill & Associates that being part of community is important especially during these difficult times. Our firm is honored to be a member of the Mercer Island business community and I am proud, as a member of the SRSA team, to serve on the Board of Directors of the Mercer Island Chamber of Commerce.
Recent interest rate reductions by the Federal Reserve have caused many banks to lower their rates paid on money market checking and savings accounts in some cases to levels of 1% or less.
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