Silver Ring Value Partners 4Q20 Letter: long Mednax
Silver Ring Value Partners letter to investors for the fourth quarter ended December 31, 2020. Q3 2020 hedge fund letters, conferences and more Dear Partners: Happy New Year! I hope that you are staying healthy and safe. 2020 was a good year for the partnership, even though it was a hard year for all of us in many other ways. As I have said in the past, the more irrational other market participants are in response to news and events, the more our rational, disciplined value investing process has a chance to shine. Despite the market heavily favoring high-priced growth stocks of the kind outsid...