Global Value Strategy

Letters

Q2 2026: Oil's Exhausted Buffers and the Case for Energy

Q1 2026: 2026 Iran Conflict

Q4 2025: Our Best Year Since Inception

Q3 2025: US Stocks Relatively Expensive

Q2 2025: TBC Bank Group

Q1 2025: 2025 Tariffs

Archived Letters from Previous Years

 

Factsheets

Q2 2026 Factsheet

Q1 2026 Factsheet

Q4 2025 Factsheet

Q3 2025 Factsheet

Q2 2025 Factsheet

Q1 2025 Factsheet

Archived Factsheets from Previous Years