There have been times during our 40+ years of history where our investment approach to smaller companies has been favored, unheeded, and at other times somewhere in the middle. The various methods of evaluating portfolio performance, and the sheer number of people willing to do that for us, make our own internal standards that much more significant.
There was extraordinary excitement surrounding this year's Kentucky Derby. This anticipation was well rewarded by a dramatic and electrifying contest. The favorite, California Chrome, took the lead roughly halfway through the race and never looked back, winning by almost two lengths. Continue Reading »