This week we release our Q42021 investor letter, follow up on Grab, and link to a funny thread between two tech greats.
Dear Clients and Friends of Farrer Wealth Advisors, we are pleased to bring you the Farrer Wealth Biweekly Blast, which includes our latest blog posts, fun facts, and general articles we find interesting. Happy reading and happy investing!
Latest Blog Post
Six Months: It’s been six months since we launched our Managed Solution. Click here to read our Q42021 investor letter (scroll down and click on “Q4” under the Managed Solution section). We discuss updates to our portfolio holdings, new additions, and give thanks to our amazing clients.
Farrer Fun Fact
Tech Valuations: This was a fascinating chart on various valuations versus growth (as of Jan 7th). It illustrates several potential opportunities. The fun part is valuations have come off even more since this data was published. (source)
Articles and Videos of the Week
Ok, ok, most people don’t like hearing good things about Facebook. But this post does a great job of describing what the author believes to be an impenetrable flywheel.
This thread between Box’s Aaron Levie and Airbnb’s Brian Chesky slating web3 was quite funny (a bit unfair, but funny).
Given recent drawdowns there are a number of interesting opportunities bubbling up. A fallen tech star, Peloton, might be one of those opportunities. Read the quick thesis here (not investment advice, do your own diligence).
We enjoyed this post about how some of the world’s most famous investors don’t really do what they recommend you do.
You might have already seen this one, but Howard Marks’ letter on when to sell is one of his best in recent years.