Quarterly Letters To Clients
2016 was a year full of surprises, starting twelve months ago when U.S. equity markets suffered their worst January in history. Yet contrary to the adage, “As January goes, so goes the year,” 2016 was indeed a very good year. Perhaps no surprise was greater than the emergence of political outsider Donald Trump amongst a field of established political contenders for the Republican Presidential nomination, from the back of the pack, to serious contender, to frontrunner, to President-elect.
Medley & Brown Blog
Stan Lipsey, publisher of the Buffalo News, died in November at the age of 89. As most people know, the News was, and is, owned by Berkshire Hathaway. Berkshire’s Chief Executive Officer, Warren Buffett, has always been fond of newspapers both as a reader and as an owner.
Throughout the year, our firm has kitchen counter meetings where we ask ourselves: What are we doing right? What could we do differently? How can we improve the experience of our clients? It is the final question that led to the subject of this blog: Black Diamond. I’ve got your attention now, right? Are you thinking Medley & Brown is going to start investing in diamonds? Well, not quite.
Meet Our Team
Tim C. Medley
Tim Medley has been in the investment business since 1967, founded the predecessor to our firm in 1988, and was the first person in the State of Mississippi to be awarded the CFP® certification.View Profile
Eddie Carlisle, CFP® joined Medley & Brown, LLC, in May 2006, having previously practiced law for five years at Watkins & Eager, PLLC.
Eddie serves as the firm's Chief Compliance Officer.View Profile
Doug Muenzenmay, CFA, CFP® joined Medley & Brown, LLC, in April 2010. Doug has 24 years of capital markets experience including portfolio management for individuals, institutions and endowments.View Profile
Julius Ridgway, CFA joined Medley & Brown, LLC, in July 2002. He has over 15 years of direct investment experience, and spent the previous ten years involved in various aspects of financial services, banking and real estate.View Profile
Quotes & Commentary
Since 1926, the market’s cheapest stocks have outperformed their more expensive counterparts by 4.6 percentage points annually, according to data assembled by Dartmouth’s Kenneth French. But that was then. Since February 2007, the cheapest stocks in the U.S. have lagged their more expensive counterparts by 2.6 percentage points annually....