“The function of economic forecasting is to make astrology look respectable.”
John Kenneth Galbraith,
Economist and Author
1 Source: Wall Street Journal Publications. From 1999 through 2005, numbers reflect Dow Jones Industrial Average forecasts. In 2006, the S&P 500® Index was used exclusively. Past performance is not a guarantee of future results.
“As stewards of our shareholders’ savings, it is important to share the wisdom we have acquired over more than half a century of investing.”
Chris Davis
Portfolio Manager and Chairman