May 2022 Update to Investors
by Chris Marsh on May 16, 2022 11:44:00 AM
It’s cold comfort in times like these, but no less true: calm seas never made a skilled sailor. To state the obvious, the seas are anything but calm right now. As of typing this letter, the S&P 500 index has shed ~17% of its value in the first six months of this year alone. The 10 …