Mid-Quarter Update - February 2026
We have been struck by the number of seemingly contrasting signals within the economy and financial markets today.
Mid-Quarter Update - November 2025
We continue to focus on high-quality companies with durable cash flows, conservative balance sheets, and the ability to compound value over time.
Mid-Quarter Update - August 2025
From an investment standpoint, our position remains unchanged: keep the focus on the long term and commit to investing in high-quality companies.
Mid-Quarter Update - May 2025
In an environment such as this, we believe quality is not just a desirable trait, it is essential.
Mid-Quarter Update - February 2025
While monetary policy uncertainty, persistent inflation, heightened capital expenditures in AI, and tariff disruptions may present challenges for investors, these trends also reinforce the importance of owning high-quality businesses with durable competitive advantages.
Mid-Quarter Update - November 2024
As we move forward, we will, of course, be monitoring political events as they unfold, but we will also be focusing on the things that we can control.
Mid-Quarter Update - August 2024
Since our last update, there have been meaningful shifts in the way investors are looking at the state of the economy.
Mid-Quarter Update - May 2024
The reality is that returns are never earned in a straight line or on schedule. The important thing is to be sure the right companies are owned so that when the return picture brightens, our portfolios will participate.
Mid-Quarter Update - February 2024
Regardless of what happens in the economy and markets over the short term, these investment success factors provide a level of confidence for our investors to remain appropriately invested.
Mid-Quarter Update - November 2023
A quick review of U.S. economic activity presents a promising picture at this point in the year. Second quarter real Gross Domestic Product (GDP)...
Mid-Quarter Update - August 2023
A quick review of U.S. economic activity presents a promising picture at this point in the year. Second quarter real Gross Domestic Product (GDP)...
Mid-Quarter Update - May 2023
The rising tide of optimism that was evident in January is being followed by a period of uncertainty around what is ultimately required for the Federal Reserve (Fed) to complete their work.
