We hope this finds you and your family healthy, discovering new joy despite our current state of physical isolation. We have been tax-loss harvesting, rebalancing, connecting with managers and beginning to take advantage of the tremendous opportunities created recently. One of the most important things an investor can do in times of volatility is to stay invested. Courage is required and we are heartened by client responses. Thank you for letting us do our best work. Opportunities to take advantage of market dislocations are coming so keep looking forward and expect that we will heal from this, because we will. Below is a chart reminding us of the results of staying invested during times of volatility. We are touching bases with everyone regularly. Please, don’t hesitate to reach out in the interim; we appreciate every phone call, every check-in email.