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2016 Fourth Quarter Commentary

For printable version which includes all graphs and tables, please click here.​​​​ Teamwork We always try to count our blessings around here, but it seems that year-end is always a special time for reflection and appreciation for those whom are important in our lives. For us, that starts with family and our clients (and if you happen to be both, we are doubly appreciative!). The longer we are in this business, the more we realize that any success in achieving the investment objectives our clients have laid out for us is the result of teamwork. The success we have achieved for our clients over the long-term is a product of hard work and discipline on our part. We devoted much of last quart

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