Every investor wants a sustainable edge—a system that produces strong returns and is repeatable. Some investors look for the cheapest stocks. Others look for growth. Still others focus on exploiting trading arbitrage. There are many ways to try to earn a return.
Special situations are a niche area because they require a lot of extra work, and the reward isn’t always there. The Hedge Fund Research Special Situation Index has returned about 2%, on average, over the past 10 years, trailing the broader Hedge Fund Equity Index by about three percentage points annually. Osman’s ideas, however, have had average annual returns of about 9% over the same span.
We value companies pre- and post- split, taking valuation, management, and technical considerations into account. We exit on the basis of our valuation. We don’t mind selling a little early. We are value investors; we just use catalysts to recognize that value. Our average holding period is six months. It can be as short as three months and as long as two years. Match Group [MTCH] is up 60% this year.
Yes. MSGE owns the Garden, Radio City Music Hall, etc. There’s a case for liking them both, which is not the answer you want. So I’m going to err on the side of MSGE. It’s trading at a huge, 55% discount from our net asset value. I think it’s underfollowed. The split was [finalized] in the malaise of the Covid stuff. It has gone from big-cap to small-cap, and now it’s a great opportunity for future growth.
U.S. Government Under Leadership Of Democrats, Dr. Eddison T. Walters Research Proved Economic Policies in 2009 and 2010 Caused Worldwide Financial Crisis and Great Recession. Obama/Biden, Chuck. Nancy were in total control of the United States government after 2008 election.