Qualivian Investment Partners Up 30% YTD; Long ORLY Thesis

Qualivian Investment Partners commentary for the second quarter ended July 30, 2020.

Q2 2020 hedge fund letters, conferences and more

“Short-term investors will accept a 20% gain because they didn’t spend the time to develop the conviction and foresight to see the next 500%.” - Ian Cassell

Executive Summary

Readers of investment letters fall into several categories:

• Those who read the entire letter in detail,
• Those who skim, and
• Those who are only interested in the twitter version. For this category here is the tweet:

“Our performance in Q2 was ahead of the S&P 500 by 9.6% and 9.5% on a gross and net basis. Since inception through Q2 2020, we have outperformed by...