DecisionMaker, a quarterly newsletter by King Investment Advisors, is KING's foremost publication for clients, investment professionals, and friends of the firm. For earlier issues of DecisionMaker, contact KING with your specific request.

DecisionMaker, Summer 2010: KING discusses how psychology, rather than the facts, can overshadow investors' perceptions of the markets.

DecisionMaker, Spring 2010: KING discusses how positive developments in the current economic environment favor equity investors.

DecisionMaker, Winter 2010: KING discusses how the recent shifts in U.S. politics are creating a positive climate for investors.

DecisionMaker, Fall 2009: KING discusses the business-led road to recovery and the resurgence of merger and acquisition activity.

DecisionMaker, Summer 2009: KING discusses money supply, the stealth credit crunch, and the economic and market outlook.

DecisionMaker, Spring 2009: KING discusses the revolutionary financial and political changes taking place in today's world and the resulting long-term consequences faced by investors.

DecisionMaker, Winter 2009: KING discusses the significant events that led to the financial meltdown of 2008 as well as the overwhelming policy responses of the U.S. government to help stabilize the financial system in 2009.

DecisionMaker, Fall 2008: KING discusses the events leading up to the October sell-off and the eventual recovery that is expected to follow.

DecisionMaker, Summer 2008: KING discusses the continued resilience of the U.S. economy despite the current mood of uncertainty and pessimism in the investment landscape.

DecisionMaker, Spring 2008: KING discusses the turmoil in the U.S. financial markets and the actions the Federal Reserve has taken to help mitigate the fallout.

DecisionMaker, Winter 2008: KING discusses how to navigate through the current turmoil in the investment landscape.

DecisionMaker, Fall 2007: KING discusses the recent turmoil in the credit markets and what lies ahead for equity investors.

DecisionMaker, Summer 2007: KING discusses the state of the economy, the current concern over the amount of leverage in the financial system, and our Business Valuation Approach.

DecisionMaker, Spring 2007: KING discusses the current worries surrounding the U.S. housing market and the impact of hedge funds on domestic equities.

DecisionMaker, Winter 2007: KING discusses the outlook for interest rates and the prospects for increased merger and acquisition activity in the public markets.

DecisionMaker, Fall 2006: KING discusses the current positioning of its equity portfolios amid the current tug-of-war in the stock market between slowing growth and inflation.

DecisionMaker, Summer 2006: KING discusses the challenges of investing during a period of Fed tightening and geopolitical risk.

DecisionMaker, Spring 2006: KING discusses the challenges and rewards of investing in today's environment of increasing globalization, soaring commodity prices, and geopolitical uncertainty.

DecisionMaker, Winter 2006: Despite a lackluster 2005 for the equity markets in the face of rising interest rates and elevated commodity prices, KING discusses why 2006 should be a more rewarding year for stock investors.

The Decision Maker, Fall 2005: KING discusses the implications of elevated energy prices, inflation, and the interest rate environment on the health of the equity markets.

The Decision Maker, Summer 2005: KING discusses the current concerns regarding the health of the U.S. economy and the implications for equity prices.

The Decision Maker, Spring 2005: KING focuses on fixed income in an analysis of the behavior of interest rates, the prospects of inflation, and the determinants of the shape of the yield curve.

The Decision Maker, Winter 2005: KING discusses the implications of the budget deficit and a weak dollar on the investment climate.

The Decision Maker, Fall 2004: KING discusses the prospects for the U.S. economy and the equity markets in an environment of high energy prices.

The Decision Maker, Summer 2004: KING discusses why investors with long-term horizons should not let current fears drive investment decisions.

The Decision Maker, Spring 2004: KING discusses why equity investors should not fear a rising interest rate environment.

The Decision Maker, Winter 2004: KING discusses what 2004 holds for the economy and the equity market given evolving geopolitical events and the upcoming election.

The Decision Maker, Fall 2003: KING discusses the sustainability of the market advance of 2003 and the potential for an acceleration of economic growth.

The Decision Maker, Summer 2003: This issue talks about our recovering economy, emphasizing how a look back at historical trends can help guide us going forward.

The Decision Maker, Spring 2003: KING discusses the situation in the Middle East, the war in Iraq, and the implications for the world. Also discussed are reasons to be more optimistic about the underlying fundamentals of the U.S. economy and why investors should be more willing to dive back into the equity markets.

The Decision Maker, Winter 2003: Economically, 2002 was not as bleak a year as many must believe. KING communicates some of the high points of the past year and discusses the factors in place that allow us to look forward optimistically.

The Decision Maker, Fall 2002: Is the end to the current bear equity market near and are bonds overvalued? KING discusses how the dynamics of the markets and of the economy may have finally begun to shift in favor of stocks.

The Decision Maker, Summer 2002: KING discusses current market environment as well as provides an update on recent portfolio decisions.

The Decision Maker, Spring 2002: The world has indeed changed dramatically since September 11. Afghanistan remains an unstable country with terrorist cells a continuing threat. The Israeli-Palestinian conflict has intensified yet again, with the stakes greater than they have been for some time. The September terrorist attacks accelerated a global and domestic economic downturn that was already in motion, with its attendant erosion of financial asset values. Roger King discusses the recession and the current weather of the economy.

The Decision Maker, Winter 2002: A recap of the disastrous and unthinkable events of 2001 including a discussion about how the violent September equity market sell-off may have paved the way for recovery in 2002. KING also illustrates Wall Street's dichotomy on the future of equity investing and where the market will go from here; KING concludes with its own opinions.

The Decision Maker, Fall 2001: KING provides an update on the potential impact on the U.S. economy from the September 11th attacks. In addition, topics such as: political world events, if the equity markets have bottomed out, and the use of fiscal and monetary policy to stimulate the economy are discussed.

The Decision Maker, Summer 2001: The potential for a recovery in the economy and in the equity markets is discussed; several catalysts are also addressed, including the mounds of cash which have been building on the sidelines.

The Decision Maker, Spring 2001: After suffering through significant declines in the equity markets over the course of 2000, especially in the tech-laden Nasdaq, investors hoped for a new beginning and an accommodating Central Bank as the curtain rose on 2001. KING discusses why disciplined investors with time horizons longer than a few quarters should be rewarded.

The Decision Maker, Winter 2001: Wow! What a year! KING explores many of the issues of 2000, as well as ponders whether or not the bear market is in retreat. A broader market, lower interest rates, and a new administration are discussed as keys to better performance in 2001.

The Decision Maker, Fall 2000: Energy, earnings and the euro wreak havoc on the markets, and the Presidential race adds to the uncertainty. KING discusses how these factors exert a major influence on the markets and why the November election bears the burden of the future of our free-market economy.

The Decision Maker, Summer 2000: KING discusses fighting the Fed and the disastrous consequences realized by some sectors of the market. Also, was the sell-off in late spring 2000 as bad as the declines experienced in October 1998 or the fall of 1987? Finally, is the government an ally of investors?

The Decision Maker, Spring 2000: How do you succeed as a value investor when value is out-of-favor as a style? KING addresses this question by describing its investment philosophy as "value with a growth twist". Also, the failure of dot-coms, value traps, and how to avoid being swept away by manias is discussed.

The Decision Maker, Winter 2000: Shareholders demand profits sooner or later, even in the so-called "new age of investing"; when the aura breaks for Internet and high-tech stocks, investors probably will find lifeboats in short supply. The old economy already shows signs that it can adjust to the new one, as well as benefit from it. For quick reference, we capsulize some major tenets of investing with KING.

The Decision Maker, Fall 1999: Is the stage being set for a real bull market? Since April 1998, what's felt like a bull market in fact has been a bear market for the average stock, overshadowed by a narrow list of large-caps which have inflated most major indices. KING discusses market excesses and how fears surrounding Y2K actually present buying opportunities.

The Decision Maker, Summer 1999: Roger E. King, Chairman and President of KING, describes the art of investing: the Business Valuation Approach, characteristics of successful money managers, and the good news about investment decisions gone wrong.

The Decision Maker, Spring 1999: Are things really different this time? The future of dot-com mania, the application of traditional valuation measures, and narrow market breadth are discussed.

The Decision Maker, Winter 1999: Small- and mid-cap stocks become increasingly attractive. Impetus: Supply and demand work anew, and investors begin a cold-turkey cure for their addiction to big, "safe" investments with heavy premiums.

The Decision Maker, Fall 1998: What went wrong? Ramifications of the meltdown in the financial markets. Do not panic! KING explains why we believe the long-term prospects look good.

The Decision Maker, Summer 1998: Japanese economic reform should eventually ease the world economic crisis. Farewell to nervous foreign money and continued large-cap dominance in the U.S. market. Hello to mid- and small-cap stocks finally getting their due.

The Decision Maker, Spring 1998: Learn more about KING, client relationships, the Business Valuation Approach, and investor psychology.

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