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SCHW - Giverny Capital Asset Management Q1 2022 Letter
Charles Schwab Corporation
Giverny Capital Asset Management, LLC is a partnership between Giverny Capital of Montreal and David Poppe, the former president and chief executive officer of Ruane, Cunniff & Goldfarb, LLC.
Volatility, after all, is what creates the occasional dislocations in the market that allow long-term investors to buy great companies at attractive prices.
The best companies tend to weather crises better than average ones, and I believe we own a portfolio of outstanding companies.