Death, Taxes and…Drawdowns
Quarter 2: June 2022. Well, we’ve just had another quarter of reminders that the only certainty in life, is uncertainty. For us, it is good to see a lot of the themes we’ve been discussing and writing to you about play out: No one is spared from a reversion to the mean (even US tech companies); Valuation does matter; and Great investing requires you to challenge the common narrative. Josh Derrington, CIO of Alvia Asset Partners also discusses highlights from a recent interview involving one of his all time favourite investors.