Edgemoor Investment Advisors, a wealth management firm based in Bethesda, Maryland, recently published its Q4 investor letter – you can download a copy below.
“2017 was a year of records in the U.S. stock market, as the S&P 500 and other major indexes hit new highs throughout the year. The S&P 500 index returned 21.8%, including dividends, its best performance since 2013, and delivered a positive return in every month for the first time,” the firm said in the letter.
“Technology companies...