2021 Midyear Client Letter
As America continued to recover from the COVID-19 pandemic in the first half of 2021, the economy and the equity markets made significant […]
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Client Letters
A Personal Letter to My Clients, Looking Back at an Unusual Time
Exactly one year ago, the March brokerage account statements from Acadium had just been published online and were just beginning to arrive in
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2021 Annual Client Letter
We have been looking forward to writing this letter for the new year for eight months. This year, we became experts at ordering
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2020 Midyear Client Letter
The first six months of 2020 saw the advent of the worst global public health crisis in a century— since the 1918 influenza
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2020 Annual Client Letter
Tom, Lindsey and Frank welcome you to our first Annual Client Letter. We are here to help you and your family preserve and
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A Personal Letter to My Clients During This Unusual Time
The stock market drawdown that we are currently experiencing is the sharpest that we have seen since 2008. As I write, the S&P500
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The Season of Darkness, The Spring of Hope
Last week, from the 5th to the 11th of April, 6.6 million more Americans filed for unemployment. This brings the total to over
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Do Opinions Matter?
Last week, I heard three separate interviews from legendary investors of our generation. Not to my surprise there was disparity in their predictions
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