March 2020 Quarterly Newsletter

In this quarterly edition, we review performance and attribution. We examine a reporting season whose relevance was lost to market chaos. Our lead article chronicles the performance of a long only, low turnover fund that started in 1935. We review Central bank policy and we highlight the new rounds of global stimulus in Infinity and Beyond. We also highlight the risk of over relying on supply chains in China. Finally, we share some links to some reading material we have found interesting during the period.