Investor letters Here you can read our investor letters that are released about four times a year. 2024 Spring 2024 Summer 2024 Autumn 2024 Winter 2024 2023 Spring 2023 Summer 2023 Autumn 2023 Winter 2023 2022 Spring 2022 Autumn 2022 Winter 2022 2021 Spring 2021 Summer 2021 Autumn 2021 Winter 2021