If you have noticed a sudden silence on this blog recently, it is not because I have run off to meditate on a mountain or decided to retire early (tempting as that sounds). Year-end has officially arrived, and with it comes the annual parade of meetings, catch-ups, investor reviews, partner discussions, and the usual mountain of work that insists on being cleared before the calendar flips.
I have been moving from one meeting room (virtual or physical) to another, discussing portfolio updates, expectations for 2026, and the usual “So what do you see in the markets next?” conversations. Add in some last-minute administrative work, compliance checks, and the internal pressure to close the year neatly and it has been quite a marathon.
Somewhere in between, I squeezed in the completion of the annual letter. That alone should earn me a medal or at least an extra-long coffee or tea break. Writing these letters always feels like stitching together a year’s worth of insights, lessons, wins, frustrations, surprises, and the occasional market plot twist, all into a narrative that makes sense on paper and gives readers clarity for the year ahead.
So yes, it has been busy but everything is under control. The kind of busy where you start checking if the calendar has secretly removed a few days without telling you.
I will be easing back into more regular posts soon. There is plenty to reflect on as we wrap up 2025. The markets we survived, the trends we rode (and a few we wisely avoided), the lessons that will carry us into the new year, and maybe a few stories from the road as well.
In the meantime, thank you for your patience.