Edgemoor Investment Advisors Q4 Investor Letter

"Technology companies continued their strong run and were the best performers for the year, though the materials, consumer discretionary, financial services, healthcare, and industrial sectors also generated high returns. The dollar’s 7.5% drop in 2017 against a basket of foreign currencies helped U.S. exporters, whose goods became less expensive to foreign buyers. The price of oil jumped 12% during...