Fouth Quarter 2022 Investors Letter
“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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Quarterly Letter
Third Quarter 2022 Investors Letter
“Inflation is taxation without legislation.”
– Milton Friedman
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Second Quarter 2022 Investors Letter
“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
“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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