Investment Letters

We are always responsive to clients. In addition to regular portfolio updates and in-person meetings, Saybrook clients receive year-end investment review letters. Some past letters are attached below:

2023 | America's Underappreciated Economic Engine View Letter

2022 | Importance of Staying Invested View Letter

2021 | High-Quality Businesses: The Best Long-Term Hedge Against Inflation View Letter

2020 | Covid-19: A Great Accelerator of Digital Transformation View Letter

2019 | A Productivity Shock View Letter

2018 | Portfolio Repositioning in an Era of Disruption View Letter

2017 | A Resurgence of "Animal Spirits" View Letter

2016 | Saybrook Capital at 40 Years: A Look Back as We Move Ahead View Letter

2015 | What Worked, What Didn't Work, and Another Year of Deals View Letter

2014 | Buying before Buffett View Letter

2013 | The Year Everything Went Right View Letter

2012 | The Glass Half Full View Letter

2011 | U.S. Stocks: The Best House in a Bad Neighborhood View Letter

2010 | Overcoming Challenges View Letter

2009 | Humility and Thoughtful Management of Risk View Letter

2008 | "Fear Itself" and the Case for Long-Term Investing in Stocks View Letter