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Q4 2025 Letter
Low expectations, S&P 493, winners and losers...
Jan 30
8 min read
Q3 2025 Letter
The higher the tolerance of risk, the riskier the investment landscape...
Oct 26, 2025
15 min read
Q2 2025 Letter
Pharaoh's Egypt, LTL trucking, are we being paid enough?
Jul 25, 2025
6 min read
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