Giverny Capital 2Q21 Commentary
Giverny Capital commentary for the second quarter ended June 2021. Q2 2021 hedge fund letters, conferences and more A Strong Rebound In The Second QuarterIn aggregate, company results for the second quarter showed a strong rebound from the very difficult second quarter of 2020. Aside from one or two of our holdings (among the 25 or so in our portfolio), our companies released astounding results—beyond our expectations in the majority of cases. We anticipate, at this point, an average growth in earnings per share of our companies of approximately 30% on average for 2021. More significantly, we ...