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2020 Review Letter.pdf

Year-End-2020-Commentary_FINAL.pdf
Preview of 2020 Review Letter
🔗 Source: rgaia.com
📊 Size: 595 KB
👤 Author: [email protected]
⬇️ Downloads: 48

Summary

The authors reflect on 2020, a year of immense challenges due to the pandemic, and express gratitude to their clients for their trust and tenacity. They caution that the year's results are unique and may be challenging to replicate. The authors discuss their investment process, highlighting the importance of learning from mistakes, such as their decision not to invest in Shopify in 2016 due to a lack of confidence in their own analysis. They contrast this with their successful investment in Roku in 2018, which was driven by their conviction in the company's potential and the gap between their expectations and consensus estimates. The authors emphasize the importance of continuous learning and improvement, striving to be better today than yesterday and better tomorrow than today.

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Description

The authors reflect on 2020, a year of immense challenges due to the pandemic, and express gratitude to their clients for their trust and tenacity.

Technical Information

  • File Format: PDF
  • File Size: 595 KB
  • Pages: 26
  • Language: EN
  • Author: [email protected]
  • Total Downloads: 48
  • Last Updated: 1 week ago

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