2022 Annual Letter to Shareholders
March 29, 2022
Many of the challenges faced by the economy in 2020, several as a result of the COVID-19 Pandemic, continued to persist in 2021. These additional challenges included items such as supply chain disruptions, inflationary pressures being other than transitory and the emergence of virulent COVID-19 variants combined to impact a wide variety of businesses across the economy. Given this, we continue to be mindful of the human toll that this Pandemic has claimed, and wish to acknowledge the loss of so many. They and their families remain in our thoughts daily and we remain indebted to the medical professionals who continue to battle the virus and its effects
