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Bob -

Thanks for buying my book. I appreciate it.

Also, try to overlook Gleason's format. I just read Buffett's 2007 letter to stockholders, and the world's richest man won't win any design awards for his letters either.

As for content, I have read Gleason's e-mail letters for 2-3 years now, and I think his commentary is first-rate. Now, you and I may not like his conclusions. But, he forces us to think about issues we might prefer to ignore.

By the way, since you are a pessimist, you'll enjoy Jeremy Grantham's January 2008 letter to clients here https://www.gmo.com/America/CMSAttachmentDownload.aspx?target=JUBRxi51IIAHTDZLm9ngC5rkzeiT9EOzjWeHBQIMrJ4OdTTFzX5%2bSvlsYiAtNbmvoKc1tZoMI5euyyM53N%2f2YwDybEjMXeUnaMrx4PtB7Vo%3d. Like Gleason, Grantham expects tough times ahead.

Ditto Paul Farrell http://www.marketwatch.com/news/story/tragedy-recession-its-bad-ending/story.aspx?guid=%7B5D72D7E3-76BB-4CAB-B4D0-60F87DA734B7%7D

Since none of us know what the future holds, diversify your hard-earned wealth across several asset classes. To learn more, I recommend reading Gleason's book. The link is at the end of his letter.

One last item about Gleason's letter. Apart from the book, he is not selling anything. So, no hidden agenda. If you do not buy the book, he'll still send you his letter.



Hewitt


P.S. Baseball season is almost upon us. So cheer up!
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