O’keefe Stevens Advisory’s Q4 2023 Investor Letter

O’keefe Stevens Advisory, an investment advisory firm, released its fourth-quarter 2023 investor letter. In 2023, the fund’s largest position, Nvidia (NVDA), experienced a 200% increase as AI became more widely used. Despite cautious comments from analysts and management, the market, particularly in technology, had an exceptional year. The firm anticipated a lower-than-average return year after analyzing several conference calls with similar themes. Setting a low bar can lead to...