To My Investors, We had a good year in 2019. Most of you had gains in your equity portfolios of around ___%, which was ___ of the 31.5% gain for the stock market. Our portfolio businesses had a good year, in aggregate, but our stocks outperformed those business results significantly.
2019 Annual Report
2019 Annual Report
2019 Annual Report
To My Investors, We had a good year in 2019. Most of you had gains in your equity portfolios of around ___%, which was ___ of the 31.5% gain for the stock market. Our portfolio businesses had a good year, in aggregate, but our stocks outperformed those business results significantly.