October 2, 2023

Fourth Quarter 2023 Newsletter

Investing is a humbling process. Socrates stated, “the only true wisdom is knowing you know nothing,” which is a lesson for all investors. The passage of time gives us clarity on the past. What was once uncertain and unknowable only becomes clear after the fact. We attempt to view the world with an open mind, avoiding hubris and complacency, as we strive to become better stewards of our clients’ assets. Our primary focus is managing risks for our clients. Some of the greatest risks are the “unknown unknowns” requiring us to be disciplined.

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