We disdain bureaucracy. The best decisions result from open exchange in an environment of mutual trust, respect, and humility.
№ 5
We strive to be open and candid. Reviewing our writings will provide direct insight into our investment ideas, holdings, and style. We welcome you to connect with us if you are interested in receiving prior year letters or starting a conversation.
Investor Letters
Sixth Month Letter, 3rd & 4th Quarter 2023 Download PDF
Sixth Month Letter, 1st & 2nd Quarter 2023 Download PDF
Interim Letter, 3rd Quarter 2022 Download PDF
Sixth Month Letter, 1st & 2nd Quarter 2022 Download PDF
Investment Brief, Netflix Download PDF