Crystal Cove Capital Management letter to investors for the first quarter ended December 31, 2015.
Dear Investor,
From inception to March 31, 2015 investors of Crystal Cove Capital experienced a 17.6% return compared to an 11.4% return from the S&P 500. Below, I share thoughts on why we present cumulative returns as well as thoughts on the predictability of short term vs. long term returns.
Mohnish Pabrai On Waiting For The Perfect Pitch
