Key Quotes from Martin Capital Management 2022 Annual Report

1. "There will assuredly come a time to buy stocks aggressively, but the herald of its arrival is not just a downturn in the index."

2. "It is a fact of experience, that when the interest of money is two per cent, capital habitually emigrates, or, what is here the same thing, is wasted on foolish speculations, which never yield any adequate return."

3. "To lose patience is to lose the battle."

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Source: Full Letter