Category: Intermittent Letters

Upon occasion we find opportunities that are particularly attractive. At such moments, we notify clients so they can partake to the greatest extent feasible.

While the market declined more than 20% during the first half of 2022, BlackBird outperformed by nearly 15%. This is a reflection of the conservative approach inherent in our DNA.

As we know, taxes play a meaningful role in the success of an investment program. In this letter, we discuss this topic in greater detail and provide some insight into our tax mitigation strategies (or lack thereof).

Before we can find great investments, we must understand what makes a wonderful business wonderful.