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Fourth Quarter 2022 Letter

Reading Time: 7 minutes. Click here to read the letter in PDF format. Dear GreenWood Investor:        Please pardon the delayed delivery of this fourth quarter letter. As telegraphed in the third quarter letter from December, we had…

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Third Quarter 2022 Letter

Reading Time: 10 minutes. Click here to read this letter in PDF format. Dear GreenWood Investor:                Embracing the Volatility  "Trying to determine what is going on in the world by reading newspapers is…

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First Quarter 2022 Letter

Estimated Reading Time: 10 minutes. Click here to read this article as a PDF. "Bad companies are destroyed by crisis, good companies survive them, great companies are improved by them.” -Andy Grove This letter will be briefer than usual, as…

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First Quarter 2021 Letter

Estimated Reading Time: 6 minutes Click here to read this letter in PDF format. Speed Read:  Our Global Micro Fund delivered returns of 23.3%, while the euro-denominated Luxembourg fund returned 24.6%. Our Global Micro separate accounts returned 18.5% while our…

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Fourth Quarter 2020 Letter

Estimated Reading Time: 14 minutes Click here to read this letter in PDF format. Speed Read:  We remain encouraged, but not satisfied, by the out-performance in the quarter which restored the long term, through-the-cycle, track record back to our minimum…

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