The salesman used a piece of metal to scrape away at a competitor's soapstone, which produced significant dust while his marble reflected virtually no impact. The cooperative where we purchased the figurine went to great lengths to show us how much craftsmanship was involved and how much stronger their marble is than the less expensive, machine-made soapstone sculptures available at the airport and other touristy locations. In theory, my elephant is made of marble similar to that used in its construction. Agra is the city where the Taj Mahal was built almost 400 years ago. On a shelf in my office sits a small white elephant bought during a trip to Agra, India with my middle daughter. Congress, and the likelihood of a recession, the macro environment may not have fully loosened its grip on investor psyche, but the reprieve has been welcomed. Given the instability in the banking sector, a looming debt ceiling fight in the U.S. As fears of runaway inflation waned during the quarter, there appeared to be some return to focusing on the individual businesses underlying the shares of stocks we own. Returns will vary by fund and investment class, so please check your statements. The Fund returned approximately 17% in the first quarter.
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