
INTRODUCTION
“The markets take the stairs up and the elevator down.”
– Tim Egart
While the stock market has historically delivered impressive 9-10% long-term returns, many investors fail to capture these gains. When market conditions deteriorate, prices adjust rapidly, making it challenging to exit declining positions during negative news cycles. More critically, selling after a market decline can erase years of accumulated wealth. [Read more…] about Q1 2025 Investment Letter