Recently, I often hear from “investors” saying that fundamentals don’t matter anymore. To me, that is an indication of the rampant speculation going on in the market place. The “Jenga” tower is beginning to waver.
I've have always been a fan of holding equity securities long-term. Now, long-term can mean different things to different people. I’m talking about five to ten years or more. The critical component of that perspective is buying quality companies at reasonable prices (think discount or sale).
