"Are there risks? Of course. It will be some time before we know the true cost consequences of the federal stimulus spending, including whether it leads to a period of inflation and higher interest rates. We will keep these things in our peripheral vision, but our focus is on the positive signs we see ahead."
"As always, Fenimore Asset Management will continue to put our confidence only in businesses that meet our stringent quality criteria. We believe in owning shares in businesses that can maximize their growth opportunities, but also have the financial strength and intellectual capital to weather the types of challenges we have been through over the past 12 months."
— John Fox, CEO, Fenimore Asset Management
(Excerpts: Spring 2021 Letter from Cobleskill)