letters
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How We Find Good Opportunities Dear Investors, There's a tendency to believe that extraordinary results come from extraordinarily complex methods. This is true in some cases,…
In this month's letter, we present an international analysis that demonstrates the historical superiority of equity investments over income…
In this month's letter, we analyze market behavior during major historical crises, such as the Spanish flu, the two World Wars...
In this month's letter, we share a long-short investment case between Bradespar and Vale, exploring the holding company's discount…