Summit Investment Management, founded in 1987, provides planning and guidance along with disciplined, actively managed investment portfolios for individual and institutional investors. The firm is an independent, employee-owned, fee-only Registered Investment Adviser. Our investment approaches are based on the belief that fundamental factors drive the long term performance of any asset. In the combined investment experience of our portfolio managers of over seventy-five years, investment returns will ultimately hinge upon fundamentals despite repeated flights of fancy in the market. These flights of fancy have shown themselves to be transitory while investment basics have endured throughout market history. Investors caught up in the fads of the moment are usually those who learn this lesson the hard way.