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Sample Investment Reports
 
 

Sample Investment Reports

Although ostensibly about individual companies, the core objective of our research is to show readers how we think about risk and value.  No other commentary or writing on our website will provide investors as much insight into what we are doing, why we are doing it and how we are thinking about protecting and growing capital as our research. 

 
 
Letters to Investors
 
 

Letters to Investors

Our letters provide operational updates on companies held in the portfolio and contextualize our decision making within the global macro environment.

 

2019

 
Market Commentary
 
Press
 
What We're Reading
 
 

What We’re Reading

"I have always imagined that Paradise will be a kind of library."
Jorge Luis Borges


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