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2017 Fourth Quarter Commentary

Like water, the markets are a system that adapts to its surroundings. New securities are created and others erode; new channels flow into the river, while retirement or capital expenditures act as drainage along the way.

As investors, we either sit and let the market take us–or we paddle. At times, experts tell the rafters to paddle in what appears to be a curious direction. When they do, aren’t you glad you listened to their orders?

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