Better Performance Than Warren Buffett. For Ten Years.

Over the course of the last ten years (through December, 2009) the S&P 500 has declined 6% — and that's after adding in the dividends paid on the stocks in the index. Before adding in the dividends the S&P declined from 1,469 to 1,115, down 24%. . . . .

• In those same ten years Warren Buffett’s Berkshire Hathaway, which pays no dividends, appreciated from $56,100 per share to $98,700, up 75.9%.
   
• Our benchmark account—which receives no special treatment—appreciated twice as much, up 153% from $216,635 to $548,748.
   
• Our client accounts declined just 2% in 2008, because they held long-term Treasury bonds and recession-resistant stocks such as utilities and pharmaceuticals. In December we added tens of millions of dollars’ worth of corporate bonds—names like AT&T—at a fraction of par value.

For more information please click on the Performance Tab or give us a call at (800) Lumbard, which works out to (800) 586-2273.