2H20

2020 was a trying year for everyone, but I worked to make the best of what I could control and stay consistent. I want to express my sincere gratitude to the people I connected with in the first year of Hindsight Capital and increased engagement on Twitter. I made new friends and learned a great deal. You’ve served as an inspiration and a motivator, and I’ve surely found some new ideas...

2Q20

This is my first letter. I'm starting to write letters because I do not give nearly enough attention to portfolio management. This is my investing “journal” that will help me progress on that.   I am very pleased with 2Q20 as the 30%+ drop in equities during February and March presented some incredible opportunities to buy some new names, add to current holdings, and trade around a bit. My...

Watsco Inc. (NYSE: WSO)

Watsco is North America’s largest distributor of heating, ventilation, air conditioning and related products (HVAC/R), owning > 10% of a $40 billion distribution market, 3x the share of the #2 player. Watsco is a prime example of what it means to be a member of the Good Business Repository: They’re a leader in a relatively predictable industry that is not sensitive to the economy The...

Vericel Corporation (NASDAQ: VCEL)

Vericel is a leading producer of autologous cell therapies with two unique FDA-approved products: MACI for cartilage defects in the knee and Epicel for severe body burns. The company has also signed an exclusive license and supply agreement for NexoBrid, a registration-stage product for the debridement of severe burns with an expected commercial launch in early 2021. Background: Aastrom...