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Quarterly Letter

Fouth Quarter 2022 Investors Letter

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Davide Accomazzo
23 December 2022

“The secret of change is to focus all of our energy not on fighting the old, but on building the new.”

– Socrates

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Third Quarter 2022 Investors Letter

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Davide Accomazzo
15 September 2022

“Inflation is taxation without legislation.”

– Milton Friedman

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Second Quarter 2022 Investors Letter

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Davide Accomazzo
11 July 2022

“Appear weak when you are strong, and strong when you are weak.”

–Sun Tzu, The Art of War

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First Quarter 2022 Investors Letter

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Davide Accomazzo
21 April 2022

“And then she went to the porridge of the Little, Small, Wee Bear, and tasted that; and that was neither too hot nor too cold, but just right.”

–Robert Southey

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