Emeth Value Capital’s Q2 2026 Investor Letter

Emeth Value Capital, an investment management company, released its second quarter investor letter. Emeth Value Capital returned -9.8% in the first half of 2026 compared to 11.65% for the MSCI ACWI, brining year to date returns to 17.30% versus +23.92% for the index. The letter outlined a chaotic yet revealing market landscape, where memory chip companies are exceeding their past market valuations, and once-stable utilities are becoming high-growth stocks. Amidst this turmoil, advancements...