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Stock impact report

Giverny Capital Asset Management Q1 2024 Letter [Seeking Alpha]

Liberty Broadband Corporation - Class A (LBRDA) 
Last liberty broadband corporation - class a earnings: 2/8 04:44 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.libertybroadband.com/stockquote.cfm
Company Research Source: Seeking Alpha
The bigger picture is this: our recent run of outperformance followed a year, 2022, of disappointing results. Yet, the portfolio didn't change all that much between 2022 and now. I like to believe that I am a consistent investor while Mr. Market, my judge and jury, is a manic depressive who delivers wildly inconsistent verdicts on my efforts. Over the past year we have outperformed the S&P 500 Index ( SP500 SPX ) by 10 percentage points. During calendar 2022, our portfolio lost more than 22% of its value vs. 18% for the Index. In that very unpleasant year, I was not asleep at my desk or otherwise unfocused on my job. In both cases, I was the same guy doing the same things: mostly drinking coffee and reading if you must know. As I have written to you in prior letters, a sound investment process works, but not in a linear fashion. Mr. Market is, obviously, the composite of all active managers setting prices every day. Figuratively speaking, he is a smart fellow who is both judged b Show less Read more
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