January 2022 Monthly Letter
+31.49%, +18.40%, +28.71% – any guesses as to what these are? They are the last 3 annual total returns of the S&P 500 Index. Compounded in that sequence amounts to a 200% return in 3yrs. It’s hard to find a better 3yr string. Actually, it isn’t that hard, ’97-’99 was a better 3yr string and […]