Fourth Quarter 2020 Investment Perspective

January 2021
Quarterly Updates

Our Aim is True

As stated in our last correspondence and worth highlighting again (and again), our Investment Goal is to deliver positive absolute returns over time by owning what we believe are good businesses, growing the earnings and cash flow stream yearly, and attaching ourselves to this stream at what we think is an attractive valuation.

As I reflect on 2020, and to steal a phrase from a longtime favorite Elvis Costello, our aim is true.  And like E.C., we too believe that our approach has stood the test of time, evolving for sure but always authentic at its core.

To read more, download the full Fourth Quarter 2020 Investment Perspective.