The market has shown great strength of late, with many stocks kicking into gear. It’s a good time to be an investor! Of course, you should keep your feet on the ground--the market isn’t a one-way street--but you should also remain bullish. Since the last Letter, we sold 40% of our LinkedIn, but we also bought D.R. Horton, and tonight we’re adding Ocwen Financial. All together, we now have 10 stocks in the Model Portfolio, with a cash position near 16%.
