Communications

Updates to partners takes place once per quarter in the form of a letter outlining performance, general market commentary, commentary on important holdings, post-mortem lessons learned on both triumphs and trials and anything else we think you should know as an owner of our business. Much time is spent constructing each letter so that partners can understand and get a feel for the thought process behind our investment decision making. For prospective investors, past letters can help provide a good insight into our partnership and how it operates.