Thru this series of quarterly updates/reviews/letters, we will discuss performance of our recommendations, individual companies, share some views on the investing and general musings of interest. The idea is to give to share as much information we can for you to have a clear idea on out thought process and approach.
Equity Midas Capital’s greatest asset is having like-minded investors, all who approve the concept of EVM. As we have always said, this is a greater responsibility and we owe you clear and open communication from time to time to maintain your trust & approval.
As Howard Marks (Oaktree Capital) says “It’s one thing to have an opinion, but something very different to assume it’s right and bet heavily on it.” On the same thoughts, we do not mix our personal opinions with the investing approach. What we discuss in these letters will not impact the our investing principles & strategy; that will continue to be guided by the Expectations Value Model (EVM).
You can access all our letters below: