Laughing Water Capital, an investment management company, released its second-quarter 2024 investor letter. In the second quarter, Class A interests in Laughing Water Capital returned about 2.5% bringing year-to-date returns to 11.1%. The SP500TR and R2000 returned 4.3% and -3.3% in the second quarter and 15.3% and 1.7% year-to-date, respectively. The strength of the market is now concentrated in a small number of mega-cap stocks. The SP500's "artificial intelligence"-related equities increased 14.7% during the second quarter, while the overall SP500 fell 1.2%. The firm does not own any of...
Create a free account, or log in to read the full article
No credit card required.
We may use your email to send marketing emails about our services. Click here to read our privacy policy.