Vltava Fund 2Q20 Letter: The Dam Has Broken

Jacob Wolinsky

Published onJuly 3, 2020

Updated on May 14, 2021

Vltava Fund letter to investors for the second quarter ended June 30, 2020, titled, 'The Dam Has Broken', discussing the harmfull effects of negative interest rates.

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Q2 2020 hedge fund letters, conferences and more

If you are interested mainly in how our companies are getting on in the recession, you can jump straight away to the second part of this letter. I nevertheless would recommend you come back afterwards to the beginning of the letter, which is dedicated to a more general view on current goings-on in the markets.

Ideological Revolution

I don’t really care much for using grandiose words, because they often are spoken under emotional pressure and may prove exaggerated with hindsight. This time, however, they seem to...

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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