“Business is a doggie dog world….” During the “Prince Family Paper” episode of “The Office”, the inimitable Michael Scott states that business is a doggie dog world. Of course he meant that business is a dog eat dog world, and it is.
The legendary Warren Buffet is famous for investing excellence and memorable sayings, among other things. One
maxim of his that is particularly memorable to us is ”Price is what you pay. Value is what you get.” Over the past few
months the topic of price has been mentioned often when reviewing buy or sell candidates.
Question of the Day: What’s been more volatile over these past two months? (see Chart 1) A.) Kentucky Weather B.)
US Stock Market (Sadly for us living in the area, the answer is A.) Kentucky Weather. Although if you follow the
stock market on a daily basis, one might feel its much closer than the statistics show.)
The current Bull Market, which officially began March 9, 2009, turned nine years old last Friday. The S&P 500,
which closed at just over 676 on that day, has since advanced over four-fold to roughly 2800