2017 Q2 - Investment Letter (Alphabet)

2017 Q2 - Investment Letter (Alphabet)

The S&P 500 posted a 3.09% gain during an uneventful second quarter.[1] Despite this relative tranquility, we were able to acquire a new position in Alphabet (GOOG) at what we believe were attractive prices. Because the world changes so much over time, and at seemingly accelerating rates, successful investors must wholeheartedly embrace continuous learning. We …