Qualivian Investment Partners 4Q20 Letter: Quality Compounders
Qualivian Investment Partners commentary for the fourth quarter ended December 2020, discussing their holdings in quality compounders. Q4 2020 hedge fund letters, conferences and more I very frequently get the question: “What’s going to change in the next 10 years?’… I almost never get the question: ‘What’s not going to change in the next 10 years?’ And I submit to you that the second question is actually the more important of the two.” - Jeff Bezos Introduction2020 was a year that tried investors souls. Between Jan. 1 and Dec. 31, the S&P 500 returned 18% which was “good” by historical standa...