“The function of economic forecasting is to make astrology look respectable.”

John Kenneth Galbraith,
Economist and Author

Market Forecasting is a Folly

Market Forecasts are Consistently Wrong.
Following Them Can Hurt Returns.

1 Source: Wall Street Journal Publications. From 1999 through 2005, numbers reflect Dow Jones Industrial Average forecasts. In 2006, the S&P 500® Index was used exclusively. Past performance is not a guarantee of future results.

Investor Behaviors That
Improve Returns



Disregard Market
Forecasts

Be Patient

Consider Investing
When Feeling Fearful

Don't Jump In & Out of the Market

Tune Out Daily
Market Drama

Work with a Trusted
Financial Advisor

Disregard Short-Term Forecasts


“As stewards of our shareholders’ savings, it is important to share the wisdom we have acquired over more than half a century of investing.”

Chris Davis
Portfolio Manager and Chairman