Emerging Value Capital Management letter to investors for the third quarter ended September 30, 2019.
Q3 2019 hedge fund letters, conferences and more
Dear Partners and Shareholders,
EVCM Fund net returns to investors are shown in the following table.
"Be fearful when others are greedy and greedy when others are fearful" -- Warren Buffett
Q3-2019 Overview:
Q3 was a flattish quarter for us. Investor remain concerned about escalating tariffs between the US and China and a slowing global economy. Trying to forecast and react to short term economic swings is not a reliable path to...


