RV Capital 4Q22 Letter to Co-Investors in Business Owner

[Valuewalk premium advertisement ad unit]() [Privacy Policy]() | [Advertiser Disclosure]() ​ ​[RV Capital 4Q22 Letter to Co-Investors in Business Owner]()​ Dear Co-Investors, The NAV of the Business Owner Fund was €526.35 as of 30 December 2022. The NAV decreased 47.6% since the start of the year and increased 430.5% since inception on 30 September 2008. The compound annual growth rate since inception is 12.4%. [Read More]()​ ​[BNP Defends $20 Billion ESG Call as Downgrades Feed Controversy]()​ The asset management arm of BNP Paribas SA said using a different interpretation of “sustainable investment” than some of its peers has allowed it to keep the European Union’s top ESG tag attached to about $20 billion worth of funds. Q3 2022 hedge fund letters, conferences and more [Read More]()​ ​[What Really Drives Cyclical Inflation [Part 2]]()​ In our previous note we broke down the main driver of cyclical inflation (credit driven demand). Today we’re going to run through how this inflationary period is historically unique and what tools we use that tell us where prices are headed next. [Read More]()​ ​[Semiconductors – The True Red Button](=)​ Q3 2022 hedge fund letters, conferences and more [Read More](=)​ ​[7 Financial Tips From the Book of Proverbs](​ Ask someone from the millennial or Generation Z crowds about tech-related topics and you’ll likely get an encyclopedia of knowledge pouring forth. Ask those same cohorts about a financial decision or money-related matter and you just might get a deer-in-the-headlights look. [Read More](​ ​ [facebook]() [twitter]() [linkedin]() [instagram](=) Copyright 2022 VALUEWALK LLC, All rights reserved. You are receiving this email because you subscribed to this newsletter on [valuewalk.com]() [Unsubscribe]( | [Manage Subscription Preferences]( 295 Madison Avenue 12th floor, New York, NY 10117 973-685-6523