Annual Report Letters

  • People, By Steve Sherwood

    What does it take to create a great company, one that can thrive for 50 years and aspires to be highly successful for another 50 years? I believe it starts... Read More

  • Philosophy, By Gary Carmell, CFA

    CWS is celebrating its 50th anniversary in 2019. This is a pretty remarkable feat as only approximately 50% of businesses are still around after five years... Read More

  • Platform and Processes, By Mike Engels

    Many attributes guide a company through 50 years of economic cycles, in good times and bad, to produce the solid, long-term results that CWS has provided... Read More

  • Portfolio, By Bill Williams

    Having a high quality portfolio has been a very important variable to generating competitive, risk-adjusted returns over the past 50 years. Here’s CWS’... Read More