2020 was an extraordinarily difficult year for the entire world with 1.8 million lives lost to COVID-19 – a toll that has since sadly grown to nearly 2.8 million. However, with the roll-out of vaccines we, at last, have hope that our families and communities can be protected and we can lay the foundations for economic recovery.
Last year was also extremely challenging for Exor Global Group of Companies. However, difficult times are character-revealing, and reflecting back on last year, I believe we acted effectively and responsibly and that our companies responded by showing the very best of who they are. Throughout this period, we remained true to our values, which I shared with you in last year’s letter. We express these as a set of dualities that guide our operations, decisions, and culture:
Humility & Ambition
Staying grounded and open to learning, while constantly striving to achieve bold, industry-leading milestones.
Curiosity & Focus
Exploring new markets, trends, and technologies while maintaining absolute clarity on our core objectives.
Patience & Drive
Exercising long-term strategic patience to allow assets to mature, paired with the relentless drive to execute daily.
Courage & Responsibility
Taking bold calculated risks to capture opportunities, while upholding strict accountability to our members.
Our priority throughout the pandemic has been to protect the health and safety of our people, which we did while managing a very high level of financial and operational complexity. The second quarter was one of the toughest periods we have had to face in our history, but one that has also made us stronger.
I would like to thank all my colleagues at EXDI and our branches for the fortitude they are demonstrating throughout this difficult period and for their generosity in supporting, in a variety of ways, those impacted by the pandemic.
Sincerely,