Del Principe O'Brien Financial Advisors letter to investors for the month of August 2019.
Q2 hedge fund letters, conference, scoops etc
Dear Fellow Investors,
“Patience is bitter, but its fruit is sweet.” - Aristotle
Wasn’t it just yesterday we were talking about how December 2018 was the worst month for the Dow and S&P since 1931? In just a few months’ time, the pullback ended, the market was back up, and we started seeing substantial gains in our investments. Though we’re happy to be back on this side of things, the swing from panic mode (for some investors) to big gains is evidence yet again of a market that is neither rational nor efficient.
And so, what do prudent value investors do...

