Right Tail Capital’s Q2 2022 Investor Letter

Right Tail Capital, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. At quarter end, Right Tail was 60% invested across 12 companies that meet our standards – durable competitive advantages, high returns on incremental invested capital, excellent management – and, critically, are currently priced at a discount to intrinsic value. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.