Lessons from the Pandemic: A new book from Bireme

As the year 2022 drew to a close, we wanted to take some time to reflect on our experience investing through the unprecedented turbulence of the pandemic era. We’ve produced a booklet with that goal in mind.

Over the past three years, financial time compressed by an order of magnitude. Crashes came and bubbles went – and then crashes came again. We had a full round-trip cycle in monetary policy, with record easy conditions followed by record tightening. We saw oil trade hands at negative prices, only to see energy prices spike to records across Europe two years later. We watched retail investors worship at the altar of SPAC snake-oil salesmen, and watched cryptocurrency devotees condescendingly tell the rest of us to have fun staying poor, only to see their castles in the sky crumble around them.

You can find a PDF of our writing at the link below. If you have a strong preference for a physical copy, we do have a few on hand; please reach out to us directly at info@biremecapital.com.

Investing through the Pandemic: Letters from Bireme Capital