John Burbank presented his bullish thesis on Japanese company Digital Garage, Inc. (TYO:4819) in the 4th Annual Excellence In Investing Conference held in San Francisco in October. The third quarter letter of Burbank's hedge fund Passport Capital, a copy of which was obtained by ValueWalk, also discusses this bet among others.
Passport Capital's Passport Global fund netted a 7.2% return in Q3, however the fund was down 2.2% in October, trimming the total gain to +15% for the year.
Internet stocks recorded whopping returns
Two of the major themes in Burbank's investment...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
