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The North American securities markets continue to exhibit
extreme price volatility and lack of meaningful direction. These circumstances
are largely the result of the pervasive economic and monetary uncertainty
combined with substantial investor indecision.
It is our view that investor discipline, persistence and
patience with regard to fundamental analysis, today, remain all-important factors
to future investment success. Furthermore, in the short run, we profoundly
believe that significant financial opportunities lie ahead for patient investors
who abide by these strict financial disciplines. |
