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Apr 05 1995

Reducing Equities Below Normal Minimum

  • Apr 5, 1995

Reducing equities below normal minimum for the first time since the summer of 1987. Intrinsic Value work is now quite overvalued and approaching 1987 peak valuations. However, a 1987 type crash is not expected.

Jun 05 1993

Sticking With The Disciplines: Caution

  • Jun 5, 1993

Our disciplines don't currently provide much latitude, and the disciplines have usually proven to be better than the instincts. Thus, this publication's attitude remains cautious.