You spend many years-perhaps decades-saving money for retirement. We believe you should invest this money very, very carefully. Your retirement investments should, first and foremost, be safe. Secondly, they should also provide you with competitive rates of return.

The last eighteen months have been difficult for almost all investors, in nearly... Read More

Throughout the last half of 2009 these reports focused upon the continuing economic problems we face. While our intermediate-term outlook has been consistently negative, one major economic problem may be receding. Unfortunately, the way in which it is being resolved is likely to lead to even greater long-term problems.

   The area that is changing involves the “big one,” consisting of the toxic mortgages still on the books of our banks (which have been estimated at $2 trillion), the $2 trillion worth of mortgages that are resetting in the next two years, and the $1 trillion worth of commercial real estate that will need to be refinanced…

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Graham wasn’t about brilliant investments and he wasn’t about fads or fashion. He was about sound investing, and I think sound investing can make you very wealthy if you’re not in too big of a hurry. And it never makes you poor, which is better.