2nd Quarter 2013
The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults.” — Alexis de Toqueville, Democracy in America, 1835
To our clients and friends:
As we enter October, we’re now three quarters through a surprising 2012. In this letter, I hope to offer some insight into this year’s performance thus far, and what we might expect going forward. In that vein, I’ve decided to take some lines from a legendary investment guru who passed away earlier this year after 40 years in the industry—Barton Biggs. Before we get into his views, here’s a summary of 2012 to date.
About the Author
Fama Fiduciary Wealth LLC is an SEC-Registered Investment Advisory firm originally established in 2001 under the name of Andrew J. Fama Asset Management. With over 30 years of experience representing financial institutions, businesses and individuals, Mr. Fama understands the risks inherent in all types of investments.
To learn more about Andrew J. Fama click here.