Happy December, a Quote, and a Market Comment
We acknowledge the passing of Charlie Munger this week – close friend/partner of Warren Buffett and a very wise, famed investor. I was perusing some quotes from the two of them from over the years. I ran across:
Someone is sitting in the shade today because someone planted a tree long ago.
I find this a meaningful set of words for us all – Take a look around and see where you might plant a seed this week, month or Holiday season.
The markets became a bit more “normal” over the month of November and early December. Interest rates have moved lower, inflation seems to be becoming in check, and the stock market is moving with more broad participation from across the board than earlier in the year when mostly 7 technology stocks carried the entire market. We will see what December holds, especially as the economy gets measured by holiday-related spending and 1st quarter earnings estimates begin to materialize. More times than not historically, December has tended to be favorable.
Wishing you well as we head into the holidays. . .which always pass very fast.
Key
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