- Silver Ring Value Partners utilizes a concentrated intrinsic value approach in seeking to safely compound capital over the long term.
- At the end of Q3 2020 the portfolio was very attractively priced, with the Price to Base Case value ratio at 55%. The portfolio had 13 investments, cash at 0% and option-adjusted net exposure at 88%.
- During the quarter, I added two new positions in special situations that were out of the market’s limelight and continued to execute my disciplined investment process.
For further details see:
Silver Ring Value Partners Q3 2020 Letter