May 5, 2023
April 2023 – Quarterly Letter
May 11, 2023 Investors have experienced a challenging few months despite the low level of…
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January 31, 2023
January 2023 – Quarterly Letter
January 31, 2023 It seems that we’ve passed an inflection point. Interest rates have peaked…
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November 1, 2022
October 2022 – Quarterly Letter
October 28, 2022 The term “bear market” is commonly used once prices decline 20% from…
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August 1, 2022
July 2022 – Quarterly Letter
July 28, 2022 There was no place to hide during the second quarter of this…
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May 2, 2022
April 2022 – Quarterly Letter
May 2nd, 2022 After three straight years of double digit returns for stocks, the S&P…
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February 1, 2022
January 2022 – Quarterly Letter
February 4th, 2022 The Omicron variant popped up in South Africa in late November. Just…
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November 2, 2021
October 2021 – Quarterly Letter
November 3rd, 2021 Market performance over the last three months was a bit choppy. After…
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September 13, 2021
July 2021 – Quarterly Letter
July 28th, 2021 The market continues to recover from the pandemic-induced slowdown. Earnings for U.S.…
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April 30, 2021
April 2021 – Quarterly Letter
April 30, 2021 So far, so good. The recovery that began in earnest last September…
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January 25, 2021
January 2021 – Quarterly Letter
January 25th, 2021 2020 is in the rearview mirror. Most years, turning a page on…
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