Getty Images When we look back. . . the nature of the forces currently in train will have presumably become clearer. We may conceivably conclude from that vantage point that. . . the American economy was experiencing a once-in-a-century acceleration of innovation, which propelled forward productivity, output, corporate profits, and stock prices at a pace not seen in generations, if ever. ¹ The Broyhill Equity Composite declined 6.0% in the first quarter, net of all fees and expenses, lagging global equity markets as the MSCI All Country World Index declined 3.1%. ² Individual performance may vary depending on individual account allocations, legacy positions, and capital flows. Detailed quarterly reports, including account and benchmark performance, portfolio holdings, and transaction history, have been posted to our investor portal. After a strong start to the year for the portfolio, global stocks fell sharply following the strikes on Iran.…