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— Original content from the team at Alesco Advisors —

The waterwheel was an early source of mechanical energy replacing that of humans and animals, and was first utilized for tasks such as raising water, fulling cloth, and grinding grain. Lauded for its stability, consistency, and efficiency, this product of human ingenuity shares the same qualities as our investment philosophy.

Waterwheels have been common in western, central, and upstate NY. Rochester's High Falls neighborhood has featured a 25 foot, 20-ton waterwheel for many years.