A little over two years ago, we embarked on the journey of founding White Falcon with the goal of achieving two seemingly straightforward yet inherently challenging objectives: Buy good quality business at dislocated valuations & manage risk at a portfolio level by diversifying exposures and duration. We are glad that the seeds sown in 2022 sprouted in 2023, paving the way for a prosperous year in the markets for White Falcon.
We also strive to provide quality service to our partners and were fortunate to welcome new partners to White Falcon and deepen relationships with our existing partners. You, our partners are an important competitive advantage for White Falcon and, as the year comes to a close, we want to take a moment to express our appreciation and gratitude for your trust and partnership.
On a personal level, 2023 was a difficult year. Even as we navigate these days without my father's physical presence, we cherish the beautiful moments we shared and find solace in the love and joy he brought into our lives. This experience really makes me cherish the moments I have with friends and family - a conscious choice and an acknowledgment that the past has shaped us, the future awaits, but the true magic resides in the here and now.
"Do not be sad that all the roses will die,
Be glad that they once grew in your garden.
Do not grieve over the withered petals,
Rejoice in the beauty of the bloom."
- Rumi
As we reflect on the past year, we are energized and optimistic about the opportunities that lie ahead for White Falcon. In all this, our focus remains on navigating the complexities of the financial markets with agility and discipline and our mission remains to compound capital on a risk adjusted basis.
From my family to yours,
Happy Holidays, Merry Christmas, Happy Gurpurab and a Happy New Year.
Wishing you all health and happiness in the New Year.
