St. James Investment Company’s Q2 2023 Investor Letter

St. James Investment Company, an independent, fee-only, SEC-registered investment advisory firm, released its second quarter 2023 investor letter. A copy of the same can be downloaded here. The letter discussed the investment manager’s views on market crashes and according to him, each generation fails to learn from past lessons and financial markets are not immune to fads and trends. The firm invests in high-quality businesses focusing on long-term returns. In addition, please check the fund’s top five holdings to know its best picks in 2023.