Second Quarter 2026 Letter to Investors
- 3 days ago
- 1 min read
We struck a cautious note last quarter, given the high degree of economic uncertainty. Nevertheless, stocks roared back with gains, handing our investors one of the best quarters on our record books. That seeming contradiction gave us pause. How good are we at reading the tea leaves anyhow? So we looked back at our predictions over the years with a critical eye to see just how well we have done. We also looked at the predictive power of historical parallels. Can an eerily similar economic moment in the past give us insight into our future now?
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