Spring 2023 Client Update

David Meehan on May 1, 2023

Berkshire Hathaway Revisited. Berkshire Hathaway remains our largest individual holding (10-15%) outside of index funds in the Capital Appreciation and Outright Capital Appreciation portfolios and I’d like to provide an overview of the company so you can understand why we own it in size.  If you prefer the one-minute version, read the “reasons to own” below and skip to the planning section on page 11.

2022 Client Letter

David Meehan on January 13, 2023

The “Outright Capital Appreciation”, “Capital Appreciation”, and “Moderate Capital Appreciation” portfolios averaged -7.8%, -1.8%, and -5.0%. I expect our relative returns to do well in a down year for the indexes and lag in an up year for the indexes, but I’m still pleased by the amount of our relative outperformance.