ACR 2Q21 Commentary: Inflation, Markets And Returns
Alpine Capital Research commentary for the second quarter ended June 2021, titled. “Inflation, Markets And Returns.” Q2 2021 hedge fund letters, conferences and more Market UpdateFinancial market prices continued to rise in the second quarter with equity-market values hitting all-time highs compared to cyclically adjusted profits. The ACR investment team, while satisfied with our current holdings, are struggling to find new investments that meet our quality and return requirements. For more than 21 years we have exercised patience. We are not about to change stripes now. The value-oriented equ...