As America continued to recover from the COVID-19 pandemic in the first half of 2021, the economy and the equity markets made significant progress. My midyear report to you is, as always, divided into two parts. First is a brief recap of our shared investment philosophy; second is my perspective on the current situation. As always, I welcome your questions/comments.
We believe we (as a firm) were put here for just that reason: to help you not get scared out of them. As always, thank you for being our clients. It is a privilege to serve you.