Annual Report Letters

 
  • Precursors, by Steve Sherwood

    04/01/2022

    Years ago we looked at potential markets where we wanted to do business and used a set of criteria we felt would be important in predicting which markets... Read More

  • Momentum, by Gary Carmell, CFA

    04/01/2022

    The theme of this annual report is the Perfect Storm. It's to be expected that one would have a negative connotation regarding the perfect storm, particularly... Read More

  • The Surge, by Mike Engels

    04/01/2022

    CWS feels fortunate to be invested in apartments, an asset class that has had solid performance with continued good prospects. And while others may have... Read More

  • Reflection, by Bill Williams

    04/01/2022

    As I recently achieved the milestone of having reached my 90th birthday, one thing I can tell you unequivocally is that the importance of having a strong... Read More