Dear Friends,
As we reflect on the past year at Crossroads Capital, I'm pleased to share our 2023 annual letter, covering a period of notable achievements and insightful market navigation. Last year’s 25.4% net performance demonstrated our commitment to delivering robust returns.
Our investment philosophy, rooted in a long-term, research-intensive approach, continued to set us apart in 2023, as we successfully outperformed our benchmarks and matched the performance of the S&P 500. These feats are particularly noteworthy because we steered clear of the mega-cap tech stocks that drove the market's gains. We relied on our belief in the importance of individual company outlooks, rather than rushing to follow broad market...
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