April 2017 Client Letter

In 2015, when the stock market squeaked out a small gain, it was a handful of the most speculative names (the so-called FANG stocks, Facebook, Apple, Netflix, Google) that accounted for the entire return on the S&P 500.

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March 2017 Client Letter

We have shied away from purchasing the stock. At Richard C. Young & Co., Ltd., we focus on purchasing what we believe to be great businesses. But buying a great business is not our only focus. We also seek to buy companies at reasonable prices. When investors ignore value, the results can be ugly.

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February 2017 Client Letter

Sweden has long been one of our favored foreign markets. Why do we like Sweden? For starters, the Swedish stock market offers a yield almost double that of the U.S. market.

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January 2017 Client Letter

My dad has written for decades that the two most important words in investing are compound interest. Over time, the power of compounding is profound. One of Dad’s oldest friends in the investment business, Dave Hammer, recently relayed a story about the power of compounding that I would like to share with you.

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December 2016 Client Letter

The Wall Street Journal recently profiled the former CEO of the Cato Institute, John A. Allison, who was rumored to be a candidate for Treasury Secretary in the Trump Administration. Who better to help the new administration reinvigorate free-market capitalism in America than the former head of America’s leading free-market think tank?

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