Investment Values

Issue Number 123, July 2017

“There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash – and I don’t want to go back.”

— Charlie Munger

In this Issue:

  • Our Investment Outlook
  • Is Warren Buffett Hoarding Cash?
  • Cheerleader No More
  • Cheviot’s Graphical Interlude
  • Say it Ain’t So, Janet!
  • Credits and Disclosures

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