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2022 Q2 Investment Letter (Understanding Pricing Power)
https://vimeo.com/750383190 The S&P 500 Index returned -16.10% and the S&P Global Broad Market Index returned -15.70% in the quarter ended June 30, 2022.1 In our last letter, we discussed why we are confident our portfolio of global champions can successfully navigate a prolonged period of stagflation (though, given the fundamental unpredictability of the future, we …
