July 6, 2026 “I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.” Alan Greenspan I hope this letter finds you well and that you enjoyed the 250th July 4th celebrations over the past...
January 7, 2026 “Be fearful when others are greedy and greedy when others are fearful.” Warren Buffett As you may have heard, December 31, 2025, not only marked the end of the calendar year but also the end of the career for possibly the greatest investor...
October 6, 2025 “You know, we don’t—no one really knows where the economy will be….” Federal Reserve Chairman Jay Powell You know the drill by now: a quote to start us off. Chairman Powell made the one above in a response to a question at the most...
July 7, 2025 “I can calculate the motion of heavenly bodies, but not the madness of men.” Sir Isaac Newton We are just going to keep this trend going with the opening quote for the letter. The one above is attributed to Sir Isaac Newton when asked about...
January 6, 2025 “There is no normal life Wyatt, there’s just life. Now get on with it.” Val Kilmer as "Doc" Holiday I know I started last quarter’s letter with a quote as well, but after hearing of Val Kilmer’s passing this week, this line from...
