The following segment was excerpted from the Third Avenue Small-Cap Value Fund Q2 2025 Letter.

Good morning and happy Monday! We’ve got a hot and humid day on the way for some with temperatures inland reaching the low 90s. Coastal areas will be in the low and mid 80s. Plenty of ...

A blistering heatwave gripped southwest France on Monday, sending thermometers soaring to 43 degrees Celsius (109.4 Fahrenheit) in parts of the Charente and Aude. In Aude, a patchwork ...