Right Tail Capital’s Q1 2023 Investor Letter

Right Tail Capital, an investment management company, released its first quarter 2023 investor letter, a copy of the same can be downloaded here. Today, Right Tail does not own any dealerships among its limited roster of investments. The sausage is in the test kitchen, but the recipe is still being optimized. According to the fund, they take investing your wealth seriously and only want to invest when they feel it’s one of their best 10-12 ideas. The longer-term questions around the business model are their primary concerns. This research is beneficial and will stay in the Right Tail library. In fact, the majority of Right Tail’s current investments were not made immediately following the initial work. Rather, Right Tail invested later either due to uncovering additional insights about the businesses or a more attractive price. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2023.