Peterson Investment Fund I letter to investors for the first quarter ended March 31, 2024. “The four most dangerous words in investing are: ‘this time it’s different’.” – Sir John Templeton 1) Performance and Overview In the opening quarter of 2024, Peterson Investment Fund I (PIFI) continued to demonstrate robust gains, posting an impressive return of 6.83%, net of all fees and expenses. While the S&P 500 showed a higher uptick of 10.56%, this was predominantly fueled by the significant rise of a select few heavily weighted securities. Our strategic focus remains on ownership of the world’s leading business models,…
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