2025 marks the tenth year that Triple Summit Advisors has been in operations, and the nineth full calendar year of results. We take the new year as an opportunity to reflect and share our views in our annual letter to clients. Here is our 2025 Annual Letter, which includes our thoughts on our performance last year as well as our thoughts on recent life and market events. As always, we welcome your comments, questions, and feedback, and we hope to see many of you (online or in person, hopefully!) throughout the year.