Farnam Street letter to investors for the month of January 2020, titled, “Thought Experiment: Rise of the Auto-Buyers.” Q4 2019 hedge fund letters, conferences and more Imagine ten people sitting around a table. They’re all very different, spanning the spectrum of age, belief, creed, lifestyle, and risk preference. At the center of the table lies a black box. Once per year, the box prints bonafide dollar bills. The ten people all have pieces of paper which we’ll call claim tickets. These tickets confer the right to a proportion of the newly created bills. No one knows how many bills will…
Farnam Street January 2020 Letter “The siren’s song of the auto-buyers is strong”
Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.