When it comes to investor sentiment, 2025 has been a tale of two very different quarters. During the first quarter of 2025, GDP decreased at an annualized rate of 0.2%, consumer spending only marginally increased, and the ongoing risk of recession grew. As we officially transition from the first half of the year to the second, investors hope to continue what has been a historic recovery over the last three months.
As emerging investor optimism for the rest of 2025 washes away the Q1 uncertainty and pessimism, in this week’s post we focus on two key questions related to growth, risk, and the meaning of the family business: investment decisions and distribution policy.