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2020 Q1 Investment Letter - (COVID Markets)
The S&P 500 Index returned -19.60% and the S&P Global Broad Market Index returned -22.33% in the quarter ended March 31, 2020.[1] In our last letter, after explaining why long-term global growth has been so strong (rising from $3 trillion in 1900 to over $100 trillion in 2015) and why we believe this growth will …
