By: Live Oak Private Wealth
“Patience and discipline can make you look foolishly out of touch until they make you look prudent and even prescient.” -Seth Klarman, The Baupost Group
“Nothing like price to change sentiment.” -Helene Meisler
As we write this 3rd quarter letter, we are and have been experiencing several major headwinds for the US economy and the US equity and bond markets. While this is nothing unique to investors and markets, it seems as if an abnormal number of issues are at the forefront of markets.
Read our full investment commentary and letter to clients by downloading the third quarter 2023 letter.