Better Performance Than Warren Buffett. For Ten Years.

Over the course of the last ten years, through December 31, 2010, the S&P 500 has declined 5% (although its performance would be positive if you were to add in the dividends of roughly 1.5% a year).

• In those same ten years Warren Buffett’s Berkshire Hathaway, which pays no dividends, appreciated from $71,000 per share to $120,450, up 69%.
   
• Our benchmark account—which receives no special treatment—appreciated 169% from $231,542 to $623,903.
   
• 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 of that year 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.