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Second Quarter 2024 Letter to Investors

Hamburger prices doubling? Grocery bills eating up all your income? Consumers are tired of higher prices and are apt to believe all sorts of things about the horrors of inflation. But higher prices are here to stay. The good news is that inflation is coming down to around 3%, though consumers have a hard time swallowing that. Read our thoughts on why higher prices are driving economic and political choices now.








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