Strategies
3507 posts
We are not optimistic that a political solution can be delivered, but at least we’ve begun to see the ECB act as a provider of liquidity.
Investors jumped into "dividend only" stocks at the end of 2011, chasing yield with reckless abandon.
The word that sums up 2011 to us is “hubris" - amazing amounts of it slimed the markets in all corners of the world.
2011 was a particularly tough year for the financial services sector, but there remains significant value in individual names and in the regional banks.
My goal is to beat the S&P 500 by at least five percentage points on an annualized basis over the coming five years.