Letters · Privileged Correspondence
Quarterly notes,
from the Committee.
A short, considered series. Not commentary. Not marketing. Notes the Investment Committee would have written by hand a generation ago, set in type and circulated with the same restraint.
№ I
Spring · MMXXVI
On the Patience of Capital
Why a five-year horizon is the only honest answer to a meritorious dispute, and what that asks of those who deploy it.
Forthcoming
№ II
Winter · MMXXV
The Counterclaim, Properly Considered
An affirmative case is not the inverse of a defence. A short note on the discipline of underwriting one independently.
Forthcoming
№ III
Autumn · MMXXV
Quietness as a Discipline
Discretion is not a courtesy extended to clients. It is the operating principle from which our other commitments follow.
Forthcoming