Despite the incessant chaos throughout 2020, our strategy is unchanged and we stay focused on our long-term mandate, specifically: to grow real economic wealth with capital preservation as a primary consideration. While 2020 is certainly an outlier with respect to turmoil, our strategy anticipates the reality that market volatility happens and enables the opportunity to take advantage – therefore, we maintain a liquid, diversified portfolio and a conservative balance sheet.
The business economics observed year-to-date reinforce our research and long-term sector views, which remain:
- Long investments
- eCommerce & Digital Payments
- Software & Enterprise Computing
- Short themes
- Brick & Mortar Retail
- Commercial Real Estate
- Legacy Media
- Mutual Fund Managers
- Oil & Gas
I am very encouraged by the fundamental performance of our portfolio investments which I believe bodes well for the profit potential of our partnership. As I have written, market volatility is natural and I believe we are well positioned to navigate and take advantage of potential dislocations to enhance long-term investment returns. Thank you for your trust and partnership that make our strategy possible. Please feel free to reach out anytime.
Your partner and fiduciary,
Faris Jafar, Chief Executive Officer
Phone: (734) 678-8562