Every quarter I read letters from a short list of fund managers. These are the ones worth your time, each linked to the manager's own site.
Free to read. No sign-up, no paywall. Most letter aggregators ask you to register or pay before you can open a single letter. Here you click and read.
The list is mine. The archive checks for new letters every week. 414 letters from 15 managers so far.
Latest letters
- Q3 2026 Joe FrankenfieldSaga Partners Read The Growth of Knowledge (Aug 2026) by Joe Frankenfield ↗
- Q3 2026 Yaron Naymark1 Main Capital Read Q3 2026 letter by Yaron Naymark ↗
- Q3 2026 David RolfeWedgewood Partners Read Q3 2026 letter by David Rolfe ↗
- Q3 2026 Adam WilkGreystone Capital Read Q3 2026 letter by Adam Wilk ↗
- H1 2026 Andrew CarreonEmeth Value Capital Read H1 2026 letter by Andrew Carreon ↗
- Q2 2026 Bruce FlattBrookfield Corporation Read Q2 2026 letter by Bruce Flatt ↗
- Q2 2026 Fred LiuHayden Capital Read Q2 2026 letter by Fred Liu ↗
- Q2 2026 Scott MillerGreenhaven Road Capital Read Q2 2026 letter by Scott Miller ↗
- Q2 2026 Yaron Naymark1 Main Capital Read Q2 2026 letter by Yaron Naymark ↗
- Q2 2026 Ryan O'ConnorCrossroads Capital Read Q2 2026 letter by Ryan O'Connor ↗
- Q2 2026 Dan RollerMaran Capital Read Q2 2026 letter by Dan Roller ↗
- H1 2026 Terry SmithFundsmith Read Semi-annual letter by Terry Smith ↗
- H1 2026 Matthew SweeneyLaughing Water Capital Read H1 2026 letter by Matthew Sweeney ↗
- Q2 2026 Adam WilkGreystone Capital Read Q2 2026 letter by Adam Wilk ↗
- Q1 2026 Bruce FlattBrookfield Corporation Read Q1 2026 letter by Bruce Flatt ↗
The managers
- Chris Bloomstran Semper Augustus
- Andrew Brenton Turtle Creek Asset Management
- Andrew Carreon Emeth Value Capital
- Bruce Flatt Brookfield Corporation
- Joe Frankenfield Saga Partners
- Fred Liu Hayden Capital
- Scott Miller Greenhaven Road Capital
- Yaron Naymark 1 Main Capital
- Ryan O'Connor Crossroads Capital
- David Rolfe Wedgewood Partners
- Dan Roller Maran Capital
- Terry Smith Fundsmith
- Matthew Sweeney Laughing Water Capital
- Rob Vinall RV Capital
- Adam Wilk Greystone Capital
Missing a letter or a manager? Run a fund and want your letters here? Write to letters [at] ezrasnotes [dot] com.