GRR - Nordstern Capital Investors Q1 2022 Partnership Memo

• Nordstern Capital Investors are an investment partnership for Accredited Investors. We base our decisions on thorough business analysis with an owner's mindset.
• Outsourcing to Asia kept prices low, but the entire picture is about to change.
• The FED recently u-turned and intends to fight price increases through rate increases and ‘quantitative tightening’, both measures are essentially intended to suppress demand.
• The ideal investment is priced cheaplyin relation to the presentvalue of its future cashflows, and the future cashflows should be benefittingfrom inflation and should be antifragile in a recession.

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