QUARTERLY LETTER: JULY 2014
~ Maya Angelou
After eight years of writing fairly accurate quarterly letters (what we said) and providing above-average performance returns (what we did), we surpassed a fairly significant milestone this quarter. Clients have now entrusted us with over $1 billion of their money. While few of you may remember the specific content of these letters or your exact returns, we recognize that we have earned your trust and made you feel confident in our guidance. We thank you for choosing to work with us.