Grey Owl

Grey Owl Capital Q1: How It Ends, Nobody Knows, Not Even Stan Druckenmiller!!

Grey Owl Capital Management's letter to clients for the first quarter ended March 31, 2015.

“See, there were these two guys in a lunatic asylum... and one night... one night they decide they don't like living in an asylum any more. They decide they’re going to escape! So like they get up on to the roof, and there, just across the narrow gap, they see the rooftops of the town, stretching away in moon light... stretching away to freedom. Now the first guy he jumps right across with no problem. But his friend, his friend daren . . .

SORRY!

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