A note from the Accounting Sleuth: Stay the Course
There are two truisms we always stress: Markets do not go up in a straight line, and markets recover 100% of the time. We reminded our clients that long-term investors learn to live with corrections that occur with annoying regularity.
We wrote: "Our advice remains, as we reiterated at the end of the first quarter, do not allow the media and short sellers to distract your attention from the quality of the stocks in your portfolio." A year later, and our portfolios have gained on average
more than +25%, while the market's +15%.