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Investor Letters

First Quarter 2021

Market Update, September 2021
New Covid Variant, November 2021
Fourth Quarter 2021
First Quarter 2022
Market Update, September 2022
Fourth Quarter 2022
The Silicon Valley Bank
Market Update October 5, 2023
Third Quarter 2023
Fourth Quarter 2023

Market update,  August 2024

Market Update March 2025

Market Update April 2025

First Quarter 2025

Second Quarter 2021
Third Quarter 2021
Market Correction, January 2022

War in Ukraine, February 2022

Second Quarter 2022
Third Quarter 2022

First Quarter 2023

Age of Artificial Intelligence, June 2023

Second Quarter 2023

First Quarter 2024

Second Quarter 2024

Third Quarter 2024

Market Update, December 2024

Fourth Quarter 2024

First Quarter 2021

Second Quarter 2021

Third Quarter 2021

Market Update, September 2021

New Covid Variant, November 2021

Fourth Quarter 2022
Fourth Quarter 2021

Market Correction, January 2022

War in Ukraine, Februar 2022

First Quarter 2022
Second Quarter 2022
Market Update September 2022
Third Quarter 2022
Silicon Valley Bank
First Quarter 2023
Age of Artificial Intelligence, June 2023
Second Quarter 2023
Third Quarter 2023
Fourth Quarter 2023

First Quarter 2024

Second Quarter 2024

Third Quarter 2024

Market Update March 2025

Market Update April 2025

First Quarter 2025

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