---
title: The Boyar Value Group's 3rd Quarter Letter 2023 - Boyar Value Group
description: "In volatile times like the current one, reacting to short-term swings can be costly. Instead, we invest with the long term in mind, remembering that history is on the side of those who do not panic during market corrections: despite average intrayear declines of 14.3%, annual returns were positive in 32 of the past 43years."
---

[Boyar Value Group Blog](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog)

# [The Boyar Value Group's 3rd Quarter Letter 2023 - Boyar Value Group](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/uncategorized/the-boyar-value-groups-3nd-quarter-letter-2023)

 Written by [Jonathan Boyar](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/author/jonathan-boyar) | Oct 24, 2023

The Boyar Value Group just released our [latest quarterly letter to clients.](https://www.blog.boyarvaluegroup.com/hubfs/3Q_2023_BAM.pdf)

Please find an excerpt of the letter below:

* In volatile times like the current one, reacting to short-term swings can be costly. Instead, we invest with the long term in mind, remembering that history is on the side of those who do not panic during market corrections: despite average intrayear declines of 14.3%, annual returns were positive in 32 of the past 43 years.*

[Please click here to read the entire letter.](https://www.blog.boyarvaluegroup.com/hubfs/3Q_2023_BAM.pdf)

[View full post](https://www.blog.boyarvaluegroup.com/boyar-value-group-blog/uncategorized/the-boyar-value-groups-3nd-quarter-letter-2023)

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