RV Capital's 2020 Letter to Co-Investors

Rob reads out his 2020 Investor letter. The Letter includes:

• A discussion of the short attack on Grenke;
• Some further thoughts on investing in early-stage listed businesses in the context of our recent investment in Slack;
• A critical look at the concept of margin of safety;
• A discussion of the pros and cons of being contrarian;
• How I got podcasting "religion";
• Why RV Capital's 2021 Annual Gathering will not be on Zoom.