One thing is sure; there will always be change. But change opens up whole new avenues for improving your portfolio. Companies, industries and our economy, as well as the world economy are in a constant state of flux. By understanding these changes and positioning assets to participate in them, we expect to increase your wealth.

Change can sometimes be as simple as a spin-off of a business from a larger company, invigorating management and setting up an attractive investment. Or demographic trends often provide fertile ground for ideas. With an aging population, for example, there is more demand for health care drugs and services that can offer new investment opportunities.

Change occurs in fits and starts. A new product or idea comes forward and may appear promising. The actual integration of change into our society is a gradual and continuous process. We integrate new portfolio ideas in the same fashion. This helps keep turnover low, costs down and portfolios efficient.

We constantly analyze the impact of change. We look for industries and companies that will benefit in the future, and we find them by poring over a voluminous amount of material and publications. We review potential companies for financial strength, growth in revenues, insider sales, the percent of shares that are sold short, the quality of management, the geographical product mix, trading history of the stock and myriad other data points that form what we call a mosaic of the company. As this data comes together in a mosaic, the "yes" or "no" becomes clear. Conviction is key. We don't invest without it.