Dear Investors,
I have the privilege to write you this annual letter for the year 2017. In this letter, I wish to share with you our investment strategy and summarize for you the logic behind our investment activities.
Generally, our investment activities are guided by the needs of the average investor who currently faces a financial market characterized by very low interest rates, very poor yields of investments in bank-managed portfolios, and poor financial performance of governmental bonds. To address the needs of our investors for a fruitful investment of their hard-earned savings, we construct