PAR - Richie Capital Group Q1 2022 Letter To Investors

• Richie Capital Group invests on behalf of clients using an established investment process leveraging decades of investment experience. Our investment goal is to provide superior returns over time through the active management of long-only investment strategies.
• All signs point to our economy moving into a new stage of the business cycle. We are past the peak and rolling into the earliest stages of contraction.
• While the Fed’s quick action likely saved our economy from the worst possible outcomes during the pandemic, we are now surrounded by inflation that is having real world impact.
• The risks of the current bubble reaching larger proportions and inflation growing out of control could be much more severe than a simple recession.

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