Happy New Year!
That's not been said a thousand times?
The new years come, the old years go,
We know we dream, we dream we know.
We rise up laughing with the light,
We lie down weeping with the night.
We hug the world until it stings,
We curse it then and sigh for wings.
We live, we love, we woo, we wed,
We wreathe our prides, we sheet our dead.
We laugh, we weep, we hope, we fear,
And that's the burden of a year. - Ella Wheeler Wilcox
What a tough and rugged year it has been for all of us in capital markets! Who could have imagined the volatility, the fear, the panic that we, our friends, clients and employees felt at times. To our friends at Lehman, the Bear, and many others in investment banking, losses are particularly deep as victims of the financial tsunami that washed through the financial system.
We think of all of you as the old year passes and the hopes for a new year are in our hearts. We thank you for your readership, your support, and your thoughts! We are looking forward to a regular dialog through this blog and through some new and exciting alternative channels that we are developing. We appreciate the ongoing support of friends like Henry To of marketthoughts.com and David Korn of The Retirement Advisor. Special thanks to Geoff Gannon who has one of the most insightful blogs in investing. I look forward to hearing more about Geoff's ongoing publishing projects. I would be remiss in not mentioning David (Dah Hui Lau) who is determined to dedicate his life to value investing as well as a fellow Ontarioan Nurse B who continues to Triage his Way to Financial Success.
Finally, the ongoing help of The Wall Street Transcript as well as Cash Flow Analytics have helped mold and shape many of our thoughts and theories. Our friends at Seeking Alpha have also provided great support in terms of distribution of ideas as well as access to conferences.
Best of the New Year!
Finally, an Irish toast:
In the New Year, may your right hand always be stretched out in friendship, never in want.