WTLLF - Draco Global Q3 2020 Letter To Shareholders

• DRACO GLOBAL's value proposition is to invest in the best of two worlds: mega-caps known to all, and the other extreme, unknown micro-caps with nil or low analyst coverage.
• We look for a scalable business model, the existence of long-term secular growth, attractive sector structure, presence of recurring revenue, high return on invested capital, and one competitive advantage.
• We believe that there is a unique opportunity to do our research in small companies, because they aren’t investible by most large funds and hedge funds.
• Since the official change of management on September 1, 2020, the profitability of DRACO GLOBAL is -0.34%.

For further details see: