One of our holdings, Omega Healthcare Investors, Inc. Common Stock (OHI), is in the business of providing housing for seniors who cannot remain at home.
Currently, 15% of America's population is over the age of 65. By 2050, the silver tsunami is expected to have arrived and the US population over 65 will have risen to 20%.
The excited feeling that this is a good investment did not have time to set in before I calculated that both he and I will be over 80 in 2050.
Mr. Dewlar burst out laughing as soon as he understood what I was thinking. He exclaimed quote "that's right baby we are the silver tsunami" unquote.
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