TIAIY - GreenWood Investors Fourth Quarter 2021 Letter

• GreenWood Investors is a mostly-long, deep value investment firm focused on areas of extreme pessimism, structural inefficiencies and low competition.
• Our fourth quarter performance reflected a worldwide capitulation away from nearly everything except the large tech companies.
• We want to be optimized for both the short, medium and long-term, and seek rare investments that look attractive from all perspectives.
• We’ve given significant consideration to owning the big tech monopolies since 2012.
• We’ve been finding highly compelling short opportunities in addition to maintaining a high sense of urgency in sifting through the wreckage brought on by the most recent market turmoil.

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