One of the most important letters, and one that is not well followed, the FRMO Corporation Annual Shareholder Letter has posted. It has some very interesting details on some of the activities happening in FRMO / Horizon Kinetics operations. The creation of a tradable diamond security as a crypto token.
The annual report is also available here.
Growth in book value has been impressive and many small private equity and angel style investments are starting to compound into more significant operations.
