Value Hive Podcast
Q3 2024 Investor Audibles: Upslope Capital, Rowan Capital, JDP Capital Management
Nov 1, 2024
Explore the impressive Q3 performance of Upslope Capital with a 14.8% return and clever market strategies. Discover insights on navigating distressed valuations in China and growth prospects for companies like Tencent, Alibaba, and Caesars Entertainment. Dive into Rowan Street's philosophy that compares investing to baseball, promoting patience and strategic selection. Learn about the powerful 20-punch card metaphor that emphasizes disciplined decision-making over impulsivity for building lasting wealth.
24:54
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Quick takeaways
- Upslope Capital's Q3 strategy showcased a shift toward value investing, achieving a 14.8% return amidst market skepticism and geopolitical concerns.
- The disciplined risk management approach led to proactive exits from high valuation positions while maintaining a focus on market mispricings.
Deep dives
Upslope Capital's Q3 Performance Overview
Q3 presented favorable market conditions for Upslope Capital, particularly contrasting with previous challenges faced by their investment strategy, which favored defensives, mid-caps, Europe, and value stocks. The fund achieved a net return of 14.8%, with an average net long exposure of 34% over the quarter. Market participants expressed significant cynicism, with high valuations and geopolitical uncertainties impacting investments. Despite this atmosphere, there were noteworthy additions to the long positions, such as CME Group and Compose Secure, suggesting optimism in specific sectors.
