Crossing Bear Creek Bridge

The following edition of the Blue Sheets was written the weekend before the tragic attacks of September 11.  Since that time, our Investment Committee has been analyzing the potential implications of the week’s events on financial markets and the economy.  We are reviewing every detail of our investment policy.

In the meantime, none of our research so far in any way contradicts or is in conflict with the strategies and observations contained in the Blue Sheets of September 8.

Please click the link below to read the full issue of The Blue Sheets and a separate memo concerning the terrorist attacks of September 11, 2001.