Horizon Kinetics Commentary Q1 2019

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Includes: AMZN, K, NFLX, PEP, VOO
by: Horizon Kinetics
Summary

Our long-term, contrarian, fundamental value investment philosophy is at the core of everything we do. Since our Firm was founded, we have consistently provided differentiated investment products to our clients.

ETFs attracted $311 billion of cash inflows in 2018. While lower than the $471 billion record in 2017, it exceeds the prior record of $284 billion in 2016.

There is a certain price volatility that people accept with stock investing, an accepted tradeoff for the higher expected return.