Q2 2023 Letter - Bowie Capital
Dear Partner,
Overall, the portfolio continues to perform well, because our companies adapted to a changing economy and reported solid earnings, while market sentiment also shifted to a more sanguine assessment of inflation and the economy.
Surprising to many, equity markets experienced one of the best first halves on record, in defiance of the incessant calls for a recession and more stock losses after a tough 2022. However, Bowie benefits from our collective experience...