

Client Update, July 13, 2025: The Rule Book.
“ Microeconomics is what you do, macroeconomics is what you put up with. ” Charlie Munger, former vice chairman of Berkshire Hathaway...
Glenn D. Surowiec
Jul 13
We post mid-year and end-of-year client updates, and post presentations and resources that give insights into our process, positions, and investing philosophy. Explore our commentary by year: