Insights

Quarterly Letters

June 2020 | Quarterly Letter

June 2020 | Quarterly Letter

The first half of 2020 will long be remembered as one of the more unusual and difficult periods in investment history.

June 30, 2020 7 min read
March 2020 | Quarterly Letter

March 2020 | Quarterly Letter

It is difficult to overstate the travail that the United States was forced to endure in the first quarter of the year

March 31, 2020 6 min read
December 2019 | Quarterly Letter

December 2019 | Quarterly Letter

2019 provided investors with financial market conditions that few could have imagined.

December 31, 2019 6 min read

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