“$430,000 for THAT?”
Q2 2021 hedge fund letters, conferences and more
My colleague nearly spat coffee on his laptop when I showed him the house my mom just sold.
It’s the white door on the right:
This was the house I grew up in. It gets damp and moldy in the winter. The walls have water damage. The paint is peeling.
And it’s tiny—with two rooms upstairs and two rooms downstairs. It measures just 678 sq. ft.
It’s not in some swanky Beverly Hills-style neighborhood, either. A few murders take place on the surrounding blocks every year. It’s the type of place where “the Pitbulls go around in pairs,” as my grandad would...
