The fourth quarter...

Albeit a rough start, the fourth quarter delivered respectable profit gains. More than 80% of the companies int he S&P 500 have reported fourth quarter2006 operating results. I'm somewhat sector oriented, so noted that notable upside surprises came from the consumer discretionary, materials, and industrials sectors. The biggest disappointments were seen in energy, health care, andinformation technology. Despite, could have been a lot worse. Fot those following Buffett’s six investment criteria: AMTD apeals to me a lot, as for company’s strong market share in the financial advisor arena and its efforts to attract long-term investors. I hold AMTD stock in my ASFIN fund, inception return 35.13%, days held 1246.