Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Greenhaven Road Capital’s Q1 2019 Investor Letter

Greenhaven Road Capital is a long-biased, concentrated boutique hedge fund, founded by Scott Stewart Miller. Prior to launching his own investment management firm, Scott Miller ran his portfolio in public equities for almost 10 years, outperforming the market by 1000 of basis points annually. He started his investment career right after graduating from Stanford Business School in 2000. Recently Greenhaven Road Capital released its Q1 2019 Investor Letter, a copy of which you can download below. Among other things, the fund reported return of more than 16% for the first three months of 2019.

Dear Fellow Investors,

Net returns for the partnership in the 1stquarter were in excess of 16%. Please check your individual statement as returns will vary based off of the timing and share class of your investment. As you likely remember, the end of last year was a brutal period for the partnership and for a good portion of the market. It felt like we lost money every day. When I say “we,” I really do mean we. This is not an anonymous pool of capital. My parents lost money;my wife lost money;my kids lost money,as did my in-laws, cousin, best man, college roommate, mentors, former bosses,and friends. As the partnership has grown, it now also includes people that I have never actually met in person. I knew we would encounter challenging periods eventually.What I did not know was how everybody would react. How strong would the partnership be? How patient? How much time would I spend talking people off the ledge?We have always sought to build a base of likeminded limited partners, but it can be difficult to keep your eye on the long term when the market is highly volatile today

You can download a copy of Greenhaven Road Capital’s Q1 2019 Investor Letter here:

Greenhaven+Letter+(2019+Q1)

You can also see the list of our 2019 Q1 investor letters and download them on this page.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...