Horos Asset Management 3Q18 Commentary: Value Stocks In Spain

Jacob Wolinsky

Published onFebruary 4, 2019

Updated on February 4, 2019

Horos Asset Management commentary for the third quarter ended September 30, 2018.

Table of Contents

Q4 hedge fund letters, conference, scoops etc

Dear co-investor,

This month, we continue with the series of quarterly communications started last July (read letter). If in the last letter we devoted an extensive part to explaining what it is for us to be a value investor, on this occasion we would like to delve deeper into the concept of a “safety margin” and, more specifically, into two situations that substantially increase it: convexity and optionality.

In addition, we will review the most noteworthy movements in the portfolios of the products we...

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Jacob Wolinsky

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid

Horos Asset Management 3Q18 Commentary: Value Stocks In Spain

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