Dear Limited Investors,
Our Performance during Q1 was + 1.81%, versus our benchmark performance of -21.19%.
What happened?
Every decision we take in life is a bet. Investing is part of betting. By choosing one choice, we decide against many alternative decisions. The future has a sheer unlimited number of variables. Some investors pick variables of the past and hope that the development is quite linear. Others bet more on radical changes in new technology, political changes, high inflation, or low inflation. More rarely, are those that focus on extreme cases such as natural disasters,