How Shift4 Payments (FOUR) is Shaping the Future of Transactions

Emeth Value Capital, an investment management company, released its second-quarter investor letter. A copy of the letter can be downloaded here. 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...