Investor LettersInvestor letters are written by our Investment Committee Chair. Read past letters below.2022-2023 Letter 2022-2023 FY 2021-2022 Letters 2021 Fall 2021 Spring 2020-2021 letters 2020 Spring 2020 Fall 2021 Winter 2019-2020 letters 2019 Spring 2019 Fall 2020 Winter 2018-2019 letters 2018 Spring 2018 Fall 2019 Winter 2017-2018 letters 2017 Spring 2017 Fall 2018 Winter