From Whitney Tilson’s latest email to investors on a second time of the advanced seminar on short selling – see our extensive coverage of the prior conference here
We have scheduled our next short selling conference on Monday, Sept. 24, so please put this in your calendar. It will be in the same venue, the NYAC, with a similar format, but with an even greater emphasis on actionable ideas and 20-minute speaking slots to allow for a few questions after each presentation. I will send you the registration link when it’s ready, along with a special discount code only for those who joined us earlier this month.
VW readers can use VW10 for a big discount
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
3) Based on the enthusiastic response to the conference, we have developed a new one-day Advanced Seminar on Short Selling (see attached and below for details) that we’ll be teaching in New York City a week from Tuesday (June 12) and then again in London on Wednesday, July 11 (both will be offered in combination with our bootcamp and investment fund seminar over five consecutive days; further information and registration is at www.kaselearning.com and posted here).
If you register by Monday, you can save 20%? using discount code,VW10.
4) In the weeks before the conference I wrote a four-part series on short selling, Lessons from 15 Years of Short Selling, which you can read here:
4) The stock Gabriel Grego exposed as a total fraud, Folli Follie, immediately plunged by 70% and last Friday the shares were halted (and, I suspect, will never trade again).
5) Berna Barshay, who pitched Ralph Lauren, just published this update on the stock:
The Pony Isn’t That Pretty: An Analysis Of Ralph Lauren’s Q4 Earnings.
Further details on our Advanced Seminar on Short Selling
Unlike the conference, the short-selling seminar will be an intimate group – no more than 20 people – because each person who participates will be expected to present their favorite short idea in 10 minutes or less, plus five minutes for Q&A. In this way, participants will gain experience pitching an investment idea in a clear and concise way, a critical skill to have in this business, as well as hearing everyone else’s fresh, actionable short ideas.
In addition, participants will learn from Glenn and me as we teach our module on Lessons from 15 Years of Short Selling (which includes case studies of Lumber Liquidators – which worked – and Wingstop – which didn’t) as well as a veteran short seller (two speakers from the conference, Sahm Adrangi of Kerrisdale Capital and Mark Hiley from The Analyst, will be the guest speakers in NYC and London, respectively).
Lastly, we will be looking for especially talented investors to whom we can offer a speaking slot at one of our future short-selling conferences, which we’re planning to host twice a year in NYC. This is an extraordinary opportunity for anyone looking to make a name for themselves.
The seminar will start with breakfast at 7:30 a.m., followed by the program from 8:00 a.m. until 6:30 p.m. (with morning, lunch and afternoon breaks), and end with cocktails, leaving ample time for networking.
VW readers can use VW10 for a big discount
Advanced Seminar on Short Selling-Kase Learning PDF (1)
