Yearly Archives: 2010

2010 Summer Letter

To Our Clients and Friends of Parthenon LLC After beginning the year with a strong first quarter performance, the stock market finished the first half down following a very weak second quarter. For the year through June, the S & P 500, with dividends, was down 6.65%. Investors grew concerned in the second quarter about…

2009 Year-end Letter

To Our Clients and Friends of Parthenon LLC 2009 Market Indices Results: Standard & Poor’s 500 26.5% Dow Jones Industrial Average 22.7% As the above results illustrate, the past year was pleasant for equity investors and provided some salve to the wounds inflicted by the bear market. But if you feel the decade just ended…