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…
This article is the 3rd in a 6-part series examining how the drivers of value creation are the same as sustainability drivers. We will outline these drivers in these 6 posts and show how recent ESG efforts to define business…
Click here to read the second quarter 2020 letter to investors. This one is highly analytical in picking apart our performance, exposures and factor drivers. In it, I explain why we’ve chosen companies off the beaten path, yet remain exposed…
Chris penned our third quarter letter on his first year anniversary with the GreenWood team. Speed Read: Exor exemplifies why "dead money," is a truism that is never true when skin in the game is involved, as Builders continuously compound…
We have posted our brief quarterly letter, which you can read by clicking here. Speed Read: Our underperformance this year reflects irrational prices that have become even less rational, particularly with the view we have on the board of our…
“Opportunity is missed by most people because it is dressed in overalls and looks like work.” Thomas Edison In studying the world’s most prodigious value creators, or Builders as we call them, we have found at least a dozen behavioral…
“The only rock I know that stays steady, the only institution I know that works, is the family.” Lee Iacocca With the age of financial-engineering-activism having failed to deliver sustained good performance, we think the timing is right to embrace…
Click here to read our second quarter letter. Results have been good, but we want them to be great. Speed Read: Through active portfolio management, we've managed to keep our portfolio's ratio of reward-to-risk at 38.3x, which is marginally better than…
If you're not traveling on this holiday weekend, let us take you to Italy for a few minutes, to review our favorite position in the country currently.
Speed Read: Updates to Leonardo, Rolls-Royce and Flybe Rolls is poised to dominate half the jet engine market Leonardo’s divisions are absolutely crushing it, new CEO looming Flybe’s growth profile moderation will enable >75% of its routes that are breakeven…