“Some people don’t like change, but you need to embrace change if the alternative is disaster.” – Elon Musk • PERFORMANCE – Serenity...

“To be or not to be…that is the question” – Hamlet, Act 3, Scene 1 TO BUY REITS? – REITs are undeniably cheap relative to private market...

“Survival can be summed up in three words – never give up.” – Bear Grylls PERFORMANCE – Serenity Alternative Investments Fund I returned...

“You cannot say with any reliability that a certain remote event or shock is more likely than another … but you can state with a lot more...

“This is no time for ease and comfort. It is time to dare and endure.” – Winston Churchill PERFORMANCE – Serenity Alternative Investments...

“That which is not good for the bee-hive cannot be good for the bees.” – Marcus Aurelius • PERFORMANCE – Serenity Alternative Investments...

“HE GOT ALL OF THAT ONE!” – Bill Murray as Carl Spackler in Caddyshack PERFORMANCE – Serenity Alternative Investments Fund I returned...

“And now for something completely different” – Monty Python PERFORMANCE – Serenity Alternative Investments Fund I returned -0.76% in...

“The mountain decides whether you climb or not. The art of mountaineering is knowing when to go, when to stay, and when to retreat.” – Ed...

• PERFORMANCE – Serenity Alternative Investments Fund I returned -3.40% in September net of fees and expenses. Year to date the fund has...

“You have to let it all go, Neo. Fear, doubt, and disbelief, Free your mind.” Morpheus – The Matrix • PERFORMANCE – Serenity Alternative...

“Let it roll, baby, roll Let it roll, baby, roll.” – Roadhouse Blues – The Doors • PERFORMANCE – Serenity Alternatives Fund I returned...

• PERFORMANCE – Serenity Alternatives Fund I returned +0.99% in May net of fees and expenses versus the FTSE NAREIT REIT index at +0.82%....

PERFORMANCE: – Serenity Alternatives Fund I returned +5.8% in March net of fees and expenses versus the FTSE NAREIT REIT index at +5.5%....

“Always mind your surroundings.” – Henri Ducard, Batman Begins • PERFORMANCE – Serenity Alternatives Fund I returned +7.6% in February...

PERFORMANCE – Serenity Alternatives Fund I returned -0.40% in January net of fees and expenses. SHORT SQUEEZE – Frenzied rallies in...

“All the world’s a stage, and all the men and women merely players.” – As You Like It – William Shakespeare • PERFORMANCE – Serenity...

“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” – Winston Churchill...

** This newsletter was originally distributed to Serenity investors in November of 2020 POST RECESSION POWERHOUSE – REITs on average have...

“Accidents on big mountains happen when people’s ambitions cloud their good judgment. climbing is about climbing with heart and with...