Farnam Street January 2020 Letter “The siren’s song of the auto-buyers is strong”

Jacob Wolinsky

Published onJanuary 23, 2020

Farnam Street letter to investors for the month of January 2020, titled, "Thought Experiment: Rise of the Auto-Buyers."

Table of Contents

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 be printed every year. Every weekday from 9:30am-4pm ET, the ten people are allowed to trade claim tickets with...

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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

Farnam Street January 2020 Letter “The siren’s song of the auto-buyers is strong”

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