2023 Annual Letter

Metadata

• Author: sarah.e.george.1
• Full Title: 2023 Annual Letter
• Category:articles
• Summary: The 2023 Annual Letter by Permanent Equity discusses the positive changes to the company and the challenges faced. The company focuses on buying misunderstood businesses and creating a culture of taking risks. They aim to maintain their structure and fee alignment with investors as they grow and accumulate more capital. The letter also touches on the importance of work-life balance and personal growth.
• URL: https://static1.squarespace.com/static/63afabe91502f560414e426d/t/659bf20e8425887084954b14/1704718863337/2023+Annual+Letter.pdf

Highlights

• I once heard an astrophysicist say that the odds that Earth is even able to sustain life of any kind is the equivalent of playing 10,000 hands of poker and getting dealt a royal flush every time. We shouldn’t even be here. And yet, here we are. (View Highlight)