Please note: The articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.
By Frank Holmes
CEO and Chief Investment Officer
U.S. Global Investors
I want to begin this week by extending my most heartfelt condolences to my longtime friend Bob Moriarty, founder and editor-in-chief of 321gold.com. This week Bob lost his wife Barbara to a heart attack after 29 wonderful years of marriage. According to Bob, she was “the genius of 321gold.” Having known Barbara for years, I can say that she was much more than that—charming, gregarious and very, very funny. She is survived by Bob, her daughters and granddaughters. To my friend, on behalf of everyone at U.S. Global Investors, I wish you comfort and peace through your cherished memories. She will be greatly missed!
There are two headline items that transpired this week that I want to make sure all of my readers are aware of.
1. Passive indexing has surpassed active investing.
2. There has been a massive rotation from growth stocks to value stocks, with big moves in financials, energy and materials.
As we look at both pieces of news, we keep our analysis at U.S. Global Investors heavily focused on GARP investing – which is growth at a reasonable price. We consider ourselves more value investors as well. I encourage you to do a little research on these items, and stay tuned to my Frank Talk blog this week for a more in-depth discussion. For now, I’d like to turn your attention to Warren Buffett.