First Eagle Global Value 2020 Annual Letter
First Eagle Global Value annual letter to investors for the year ended December 31, 2020. Q4 2020 hedge fund letters, conferences and more Those who think it’s possible to predict the future of economies and markets with any sort of accuracy would have a hard time explaining 2020—a year dominated by a black swan event that descended upon the world with little warning and even less indication of the breadth and depth of its impact. In December 2019, no serious economist or public health official was predicting the emergence of a novel coronavirus that would cause nearly two million deaths world...