Second Quarter 2022 Newsletter

Dear Clients, The second quarter was tough for most investors. Our benchmark, the small-cap Russell 2000 Index, was down 17.2%. The large caps didn’t fare any better: The S&P 500 was down 16.1% while the tech-heavy NASDAQ Composite was down 22.3%. Bitcoin, the most well-known cryptocurrency, was down a whopping 59.1%. Against this backdrop, we […]

1st Quarter Newsletter

Dear Clients, The stock market was highly volatile in the first quarter of 2022. The rising interest rates and Russia’s invasion of Ukraine were the two main drivers behind such volatility. At one point, the S&P 500 and the Russell 2000 were down over 10% since the beginning of the year, while the NASDAQ was […]

4th Quarter 2021 Newsletter

We are happy to report another positive performance for the 4th quarter. This marked the 7th consecutive positive quarterly return for our Separately Managed Accounts Composite (individual account performance may vary). The composite return for the year 2021 was 31.7%, outpacing all major indices. We are proud to have stuck to value investing amidst a […]