The Sextant newsletters: the best testimony of our investment philosophy

Day after day, we “live” our investment philosophy, and our newsletters bear witness. We write what we do, and we try to do what we write, which is not always easy….

Click on the document below to view a collection of excerpts from our investor newsletters that best illustrate our management philosophy.

Collection of excerpts from our investor newsletters


2010

March 2010 Letter

2009

December 2009 Letter

April 2009 Letter - Making the distinction between risk and uncertainty

2008

October 2008 Letter - Mistakes in 2008

February 2008 Letter - Launch of Sextant INC.

January 2008 Letter - Sales on Midcaps

2007

December 2007 Letter - Launch of Sextant Peak Oil

April 2007 Letter - The theory of efficient markets

2006

October 2006 Letter - Not at all happy

June 2006 Letter - The theory of Peak Oil

March 2006 Letter - Review of 2005, perspectives for ... 2026

2005

September 2005 Letter - Vacation in Canada

June 2005 Letter - Launch of Sextant Autour du Monde

April 2005 Letter - Madame Irma and the cost of petrol

Februrary 2005 Letter - Assessment of 2004

2004

September 2004 Letter - Volitility and orangutans

April 2004 Letter - Pilgrimage to Omaha

January 2004 Letter - Assessment of 2003 and a conversation with Mr. Market

2003

August 2003 Letter - The incredible Mr. Market

July 2003 Letter - Launch of Sextant Grand Large

March 2003 Letter - Amiral Gestion and Sextant Grand Large

January 2003 Letter - Assessment of 2002

2002

October 2002 Letter - Benjamin Graham and the new market

Septembre 2002 Letter - The Internet bandwagon

June 2002 Letter - He who loses wins

April -May 2002 Letter- Sextant INC.


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