December 18, 2025

By Peter Bower
The Bull and his partners wish you not only a happy holiday season but also a safe one. It has been quite a year. Lots of ups and downs, big news events around every corner, yet here we are, another good year for returns. It just goes to show us all that it isn’t the news events of the hour that matter, but how well our portfolio companies are doing. Clearly, they have been doing well.
This is a great time for all of us to catch our collective breaths and reflect on all the things we can be grateful for. They may be different for each of us, but no less important. So, instead of providing everyone with more financial insight, the Bull wishes everyone a simple, “all the best!” Enjoy this wonderful time of the year.
-The Lonely Bull



