Insights

Hedge Fund Launch

  • Peter Lynch

Jon Gattman, who I’m privileged to say is a cool friend, is in the process of launching Cloverdale Capital, a Dallas-based, value focused long/short equity hedge fund. He has capital committed, and the fund is set to launch in October of this year. Everything is lined up with one exception: junior talent.

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365 Days of Models

  • Peter Lynch

The image above is a screenshot from Google Analytics showing activity by country since I launched the website one year ago today on the 4th of July. It has been awesome to see the site move across the globe.

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You Have to be Uncommon

  • Peter Lynch

I wanted to share two passages that touch on a recent post, and add some heavy-hitter commentary advocating contrarian thought and concentrated investing. The first is one of Howard Marks’ favorite interview questions (or riddles), which he claims has never been answered correctly:

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Against the Herd: Value Investing & Internet-Related Businesses

  • Peter Lynch

As an investor I believe value investing is the only kind worth any trouble, that highly concentrated portfolios provide an advantage, and that time horizon should be massively flexible with a long-term focus. Generally, however, I find that these principles are rarely mentioned in the context of investing in Internet-related businesses or other technology-focused sectors. For that reason I enjoyed a recent article in Barron’s that profiled Mario Cibelli, the founder of Marathon Partners. According to the article, Cibelli “likes companies with disruptive, usually Internet-based business models that have the potential to change industries.”

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I'd Rather Wrestle Grizzlies

  • Peter Lynch

Great investors tend to be excellent at asking the right questions. In his book The Warren Buffett CEO, Robert Miles tells the story of the CEOs responsible for Berkshire’s history. The material is incredible, and much of it collected through first-hand research. Within these accounts, it is also fascinating to read how the CEOs came to meet Buffett and become part of the Berkshire family. What I wanted to share from the text is the question he posed to himself in deciding to acquire the Nebraska Furniture Mart from founder Rose Blumkin (Mrs. B):

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