Category Archives: For Investors

Letter to Investors: Tarpon Folio – June 2020

Dear Tarpon Investors, Several quick notes before updating you on Tarpon: 1. The topics I was hoping to cover in this year’s Annual Investor Meeting will be delivered via a series of emails later this summer. 2. Goldman Sachs is … read more…

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Historic Unemployment and the Months Ahead

From an email sent May 13, 2020: Good morning, IIM investors. Given the nature of this COVID crisis, recent unemployment numbers are particularly important to understand. Below is some context for how we’re thinking about them.  It’s also the time … read more…

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An Economy in Recession

From an email sent April 30, 2020: Good evening, IIM investors. This week’s GDP report formally confirmed what you probably already knew: the economy is either already in recession, or soon will be. That report was unique not only because … read more…

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