Old West Investment Management’s Q4 2023 Investor Letter

Old West Investment Management, Llc, an investment management company, published its fourth quarter 2023 investor letter. The stock market ended 2023 on a positive note, with the S&P up 11% in the fourth quarter and 24% overall. The Russell 2000 Small Cap Index rose 17%. At the end of the year, many individual investors displayed a bullish sentiment, seemingly ignoring numerous risks both at home and around the globe. In 2023, the Old West portfolios failed to meet their benchmarks, marking the first time in the past four years that the fund underperformed. In addition, please check the fund’s top five holdings to know its best picks in 2023.

A copy of Old West Investment Management’s Q4 2023 investor letter can be downloaded here.