The Only Cheap Asset Class “Be fearful when others are greedy and greedy when others are fearful.”                         -Warren Buffett July 4, 2008 Dear Investor: It’s sobering to write a letter at this time, with the Dow down 20% from its highs, thus triggering the official definition of a bear market. June was a particularly devastating month, with the markets down nearly 10%. It all left very little to celebrate this...