Specific Investments--3/17/2014


I've been mentioning to clients, and in my writings, that I believe the trend in the markets moving forward will move away from large macro-economic events and will become more isolated on small investment specific related stories.  I believe the markets are neither overly cheap nor overly expensive, on the whole.  However, I continue to see pockets of overlooked securities and themes within the markets.  It appears to me that the media and talking heads drive focus and attention one way, while the real opportunities are not being talked about very much at all.  I guess that highlights the need to constant independent research to discover the hidden gems.