We had an overweight position in Life Insurance (upto ~20% allocations in some accounts). We find this to be a very attractive industry and found valuations strongly in favor when it was hard to find value elsewhere. However, the industry has seen two regulatory actions in the last 24 months on tax saving products.
Read MoreWe have put together a brief note to explain our thought process underlying this investment
Read MoreStar Health has corrected significantly since our first purchase.
Enclosed is a note that explains why we have continued to buy Star at lower prices.
We have put together a brief note to explain our thought process underlying this investment
Read MoreDear Partners,
We have put together a brief note to explain our thought process underlying this investment
Read MoreDear Partners,
We have put together a brief note that summarizes our thoughts and how we intend to act.
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