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Quarterly Letters

2020 Q2 Quarterly Letter

2020 Q1 Quarterly Letter

2019 Q4 Quarterly Letter

2019 Q3 Quarterly Letter

2019 Q2 Quarterly Letter

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2018 Q4 Quarterly Letter

2018 Q3 Quarterly Letter

2018 Q2 Quarterly Letter

2018 Q1 Quarterly Letter

2017 Q4 Quarterly Letter

2017 Q3 Quarterly Letter

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2016 Q4 Quarterly Letter

2016 Q3 Quarterly Letter

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2016 Q1 Quarterly Letter

2015 Q4 Quarterly Letter

2015 Q3 Quarterly Letter

2015 Q2 Quarterly Letter

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2014 Q4 Quarterly Letter

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