Q2 2025 Market Commentary: Navigating a Shifting Macro Landscape
The second quarter presented both challenges and opportunities as central banks signaled divergent policy paths. We discuss key sector rotations and our outlook on technology and industrial value chains...
Read More →White Paper: The Enduring Value of a Margin of Safety
In an era of rapid innovation and market volatility, the foundational principles of value investing have never been more relevant. This paper explores the concept of 'margin of safety' in a modern context.
Read More →Q1 2025 Market Commentary: Identifying Growth in a Slowing Economy
The first quarter of 2025 was characterized by slowing global growth and persistent inflation. Our letter to investors details our portfolio positioning and thoughts on the current opportunity set.
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