Fourth Quarter 2018 Investors Letter
“It is not certain that everything is uncertain.”
Blaise Pascal
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Quarterly Letter
Third Quarter 2018 Investors Letter
“Good judgment comes from experience, and a lot of that comes from bad judgment.”
Will Rogers
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Second Quarter 2018 Investors Letter
“We cannot solve our problems with the same thinking we used when we created them”
Albert Einstein
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First Quarter 2018 Investors Letter
“Fragility is the quality of things that are vulnerable to volatility.”
Nassim Nicholas Taleb
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