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  • About Us
  • People
  • Philosophy & Discipline
    • Core Strategy
    • Research Process
  • Communications
    • Letters to Clients
    • Commentary
    • Videos
    • Press
  • Products
  • Contact Us

Letters to Clients

Succession

October 2025

A storied pizza chain with sinking sales. The reluctant in-house acknowledgment that a lousy product was to blame.

Letters to Clients Archive

Commentary

October 2025 Commentary

Our portfolio lagged the S&P 500 Index modestly this past quarter. Color us not surprised.

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Videos

2025 Highlights of Marshfield Investor Conference

Watch the highlights from the 2025 Marshfield Investor Conference.

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Press

Forbes

Why Warren Buffett, David Tepper And Other Top Billionaire Investors Are Piling Into Floundering UnitedHealth Stock

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