We want to start by wishing you a very Happy New Year!
With this letter, we want you to know that while we have just experienced a significant decline in most major indices driven by US Large Cap Growth companies, we are emboldened by the prospects of being able to buy quality assets at cheaper prices. These cheaper prices bring fundamentals closer to historical averages, allowing for the potential for improved future returns.
We look forward to a great 2019 as prospects have improved immensely!
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