Browsing: Letter

Getty Images When we look back. . . the nature of the forces currently in train will have presumably become clearer. We may conceivably conclude from…

champc/iStock via Getty Images Dear Partners, Performance and Positioning Review – Q1 2026 Through Q1 2026, McIntyre Partnerships’ results were approximately -19% gross and -20% net.…

bombermoon/iStock via Getty Images Dear Partners, Protean Small Cap returned 7.5% in April. The benchmark index rose 3.6%. Since launching in June 2023, the fund has…

JessRodriguez/iStock via Getty Images Dear Partners, Accounts managed by Halvio were up 14.01% for Q1 2026 compared to the major indices that were either roughly flat…

Arron Jones/iStock via Getty Images A Wild Start to the Year At year-end 2025, we published our inaugural 10 Surprises for 2026 list. The thought exercise…

Mohamad Faizal Bin Ramli/iStock via Getty Images All Along the Watchtower Song by The Jimi Hendrix Experience (1968) “There must be some kind of way out…

Milan Markovic/iStock via Getty Images During spring break this year, our family spent several days in Kiawah Island, South Carolina. What struck me most about the…

sompoch sivakosit/iStock via Getty Images It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.…

AlexSecret/E+ via Getty Images Summary Points Geopolitics dominated the quarter, as Venezuela, Greenland-related tariff tensions, and the Iran conflict disrupted trade routes, triggered an oil shock…

peepo/iStock via Getty Images Historical Summary It has been more than 32 years since I discovered the writings of Warren Buffett, Benjamin Graham, John Templeton, Philip…