Stephen J. Errico’s Locust Wood Capital Advisors had a mixed start to the year. According to the firm’s first quarter letter, a copy of which has been reviewed by ValueWalk, Locust Wood declined 1% net in the quarter. While this may seem like a lackluster performance, it should be noted that the broad market, as measured by the S&P 500, also declined 1% in the period despite significant volatility. As Rates Rise Dispersion Of Earnings Yield Of S&P 500 Hits A New High Klarman On Softbank According to the letter, Locust Wood benefitted from what Errico believes was one “of…
Locust Wood Is Loving This Market Volatility
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk