RV Capital 2Q21 Commentary: Alibaba
RV Capital commentary for the second quarter ended July 30, 2021. Q2 2021 hedge fund letters, conferences and more Dear Co-Investors, The NAV of the Business Owner Fund was €994.14 as of 30 June 2021. The NAV increased 14.0% since the start of the year and 901.9% since inception on 30 September 2008. The compound annual growth rate since inception is 19.8%. Part 1: HumilityIt continually takes my breath away how differently things can turn out compared to what might reasonably be expected at the time. It is what makes investing endlessly fascinating but also incredibly hard. I was reminded of ...