NKLAW - 2020 Position Review

• While I got a whole lot right this year, I'm much more satisfied that I got so little wrong. It's the mistakes that rapidly detract from performance, and with the exception of Altisource, I did not have any serious mistakes that cost me substantial capital.
• When looking at the winners, I had multiple multi-baggers. Adding ballast to the portfolio, Event-Driven opportunities produced unusually strong cash to re-deploy into my favorite value names.
• The year was volatile, and I had a few big wins that reversed. But by being disciplined, they didn't actually hurt much, and some were satisfactory gainers from my basis.

For further details see: