Category Archives: Our Portfolios

Two Potential Catalysts

This week saw a couple of potential catalysts arrive for two of our companies in Tarpon. First, the unexpected one. Pentwater Capital Management, the fifth-largest holder of shares in Leap Wireless (LEAP), is going activist. As in, it’s nominating three … read more…

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Closets Are For Clothes, Not Fund Managers!

It’s right there on page 227 of my 1990s copy of Random Walk Down Wall Street. By the time the portfolio contains close to 20 equal-sized and well-diversified issues, the total risk (standard deviation of returns) of the portfolio is … read more…

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Why We Own Global Ship Lease (GSL)

The below is from my latest letter to Tarpon Folio investors, which went out this morning. Tarpon was up 5.6% in October, with much of that due to our holdings Global Ship Lease. GSL was up 74% in October. My … read more…

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