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Elm Ridge 1Q19 Letter: “Madoff Or Laid Off”

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Jacob Wolinsky
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Elm Ridge letter to investors for the first quarter ended March 2019, titled, "Madoff Or Laid Off."

Q1 hedge fund letters, conference, scoops etc

Elm Ridge


Reward Without Risk: Decade at Bernie’s

“The risk for me would be in not taking one - that's the only thing that's really risky for me. –Kanye West

“The only time you can be completely free from risk is when you're in prison.” –Edward Snowden

The fact that the best risk quotes I could find are from Kanye and Edward Snowden should tell me something. In any case, I recently received a text from an artist friend1 who, in addition to teaching me what I should be...

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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 covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.