Founder’s Mid Year Letter (July 2022)
The first six months of 2022 saw the S&P 500 decline 23.6% from its all-time high at 4,796.56 to a closing low (so far) of 3,666.77 on June 16. The Index finished its worst first half since 1970 at 3,785.38. More noteworthy even than the extent of the decline was its gathering violence: in mid-June, […]
