Moon Capital Management’s Q4 2022 Investor Letter

Moon Capital Management, an investment management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. For the year 2022, the S&P 500 declined almost 20%, which was the largest annual decline since the 2008 Great Recession. The fund declined by approximately 7% for the same period. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.