The All-Star Portfolio is designed to achieve long-term capital growth through an actively managed selection of equity and equity-related securities. This includes temporary investments in money market funds and short-term debt securities. As always, we approach investments with a business-owner mindset, patiently waiting for opportunities to acquire quality companies at prices that offer both capital safety and satisfactory returns. Our primary focus will continue to be on companies that demonstrate consistent profitability through economic cycles, passionate and ethical management, loyal customer bases, robust growth prospectus, and prudent capital allocation.