April 5, 2017 “Be fearful when others are greedy and greedy when others are fearful.”                                                                                                      –Warren Buffett Dear Investor: The contrarian warning above is the mantra of all value investors. It’s what kept us invested at Dow 6,500 in the depths of the financial crisis—and makes us wary at Dow 20,839 today. Just a year ago, markets were in turmoil....