Vltava Fund 4Q19 Commentary: Price And Value (A User’s Manual)

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Jacob Wolinsky
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Vltava Fund commentary for the fourth quarter ended December 31, 2019, titled, "Price And Value (A User's Manual)."

Q4 2019 hedge fund letters, conferences and more

The year 2019 ended for us with a gain of + 25.4%. Our shares in the UK and Russia performed best, and our investments in South Korea, Canada, the USA and Japan also made a significant contribution. We will return to the investment returns later, but first I want to look at another topic.

In October, we held our regular autumn seminar for shareholders. During the questions-and-answers part we touched...

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Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.