|Three months ended December 31|
|Net change in unrealized appreciation of investments (net of taxes)||7,197,000||3,919,000|
Buying popular stocks and funds and capturing some of the market's return will not be enough.
The blueprint to successful investing is a simple one, but it's not easy to follow because most investors are chasing immediate gratification.
'New media' has fallen into the same slide toward oblivion begun by old information media companies.