This was a really great letter to investors from value investor Tweedy Browne. He touches on a lot of great issues including how quickly perceptions about various markets or stocks change, and how little value is created by short-termism. There is a great rundown of many of the significant events over the last 20 years, which is a great refresher course on how things being uncertain is the normal state of things when investing.

http://www.gurufocus.com/news/236339/tweedy-browne-investment-advisers-letter-to-shareholders–semiannual-report