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Concentrated Compounding

Willis Cap

Finding secularly growing companies and holding them for the long-term

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PricingOnly free issuesPublishesInfrequently
Issues24Founded5 years agoLast Issue2 years ago
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Latest Issues

2023 Annual Letter

Dear Investors,

The stock market returned 25.8% in 2023. As a reminder, 2022 saw significant losses for US stocks, and most of 2023’s performance reverses those losses, with cumulative returns over those 2 years at 3.2%.

Thanks for readi...

2 years ago
22

Some Thoughts on Banks

Quick note: I am not a banking expert although I know generally how banks work. Thanks especially to my friend Searching for helping me along that learning process. Given I am not an expert, this post will stick to discussing broad issues....

3 years ago
24
2

2022 Annual Letter

Dear Investors,

The stock market was down 19% this year. High inflation caused the central bank to raise interest rates to attempt to bring it in check, and those higher interest rates rippled through the economy and asset prices.

Thanks...

3 years ago
18

2022 H1 Letter

To My Clients,

Through the first half of 2022, our stock portfolios are down roughly 20-22%, while the stock market is down 20%.

Thanks for reading Concentrated Compounding! Subscribe for free to receive new posts and support my work.

I...

4 years ago
10
5

2021 Annual Letter

To My Investors,

The stock market had another strong year in 2021, gaining 30%. Our stock returns were around 23%, with most of your portfolios up about 18% after taking cash balances into account.

This is the second straight year of unde...

4 years ago
15
5

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  • Willis Cap

    Discussing stocks. Mostly durable, long-term secular growers with good management teams.

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