Seen a lot of posts dunking on the S2 capital guy. I’m sure it’s well deserved but it brought to mind the frugality (or perceived frugality) of Warren Buffett. It’s possible he maintained the image as a hedge in case the fund ever did take a dip.
Rishi Gupta: Muted macro growth environment and inflation. Hoping these factors to be transitory and resiliency in the portfolio. Opportunity from the buyers who over paid in 2020-2022 who have to sell.