Estimated reading time: 18 minutes. Click here to read this in PDF Format. When Defense Misfires “Offense wins games. Defense wins championships.” This past quarter, much of my curiosity has been focused on the differences between offense and defense. Given…
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…
This quarter's 4-page letter discusses why we’re encouraged about the progress we’ve made on three fronts: 1) in performance (+15.4% in the fund, or 7.2% alpha), 2) further fundamental transformation at CTT which will be more evident in the quarters ahead…
Before it was cool to dump on General Electric and its “we must beat the quarter” Jack Welch-era style management, in a public manner, David Cote did so by proving there was a better way. In his new book, Winning…
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…
GreenWood’s fascination and respect for the Agnelli family, and the respective companies under its leadership, is well documented. We are Exor shareholders, which in turn, means we own an indirect stake in the legendary football club, Juventus (JUVE). To the…
“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…
Click here to read our third quarter letter exploring the implications behind who's on the other side of the trade. Speed Read: We had another good quarter of performance, +8.0% for the Traditional composite and +8.1% for the Global Micro…
Please click here to read our brief quarterly letter reviewing our opportunity set and a couple new positions. Additionally, our presentation on EXOR was selected by the Ira Sohn foundation as a finalist in the stock-picking contest. I’m convinced the…