Monthly Message

For March, the Wutherich & Co. Composite was down 4.4%.

Trump Chaos 2.0 plays on. During February and March, we reviewed all our names in detail as they reported their most recent quarters. While some are struggling, the bulk of them are doing very well, with strong fundamentals and solid outlooks. While everyone has some level of concern with His Trumpness, most are getting on with business. In general, many of our names have little direct exposure to Trump Chaos. It is more the knock-on effects of his actions that could have secondary effects on them.

Of course, we will monitor all our names extremely closely as we have done with every crisis. We’ll make any necessary adjustments to the portfolio, as circumstances warrant. That being said, we are very optimistic that most of our companies will survive this crisis, forming the foundation for good long-term returns.

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