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Following each calendar quarter, our portfolio managers compose an Investment
Strategy Outlook (ISO) letter, which we forward to all of our clients and friends.
In these letters, we discuss the previous quarter, current trends in the market,
and our outlook for the coming months.
Our April and October letters generally discuss a few of the holdings in our portfolios, including the nature of each business, valuation, and management, as well as our investment thesis. The January and July letters typically cover macroeconomic and stock market information.
To view the Quarterly letters, click the links below.
