Art Of Boring

Digging into last year’s performance drivers, the current opportunity set, and benefits of resuming boots-on-the-ground research.   Highlights: A review of the market and our strategy’s performance in 2022 and three key learnings Why we exited Kakao, and some of the new additions to the portfolio: Salik, Vesta Risks we’re monitoring—and managing: China-U.S. tensions over Taiwan and geographic exposure in the portfolio The power of pricing power (see: TSMC) and types of ESG considerations that we look for in our investments (Petro Rio) How a shared investment philosophy and process makes for better decision making—e.g., Lonza, Hikma