JDP Capital Management 2019 Annual Partnership Letter: How We Found This Buffett Backed Latin American Stock; What role does really terrible timing play in beating the market?

JDP Capital Management’s annual letter to investors for the year ended December 31, 2019. Q4 2019 hedge fund letters, conferences and more Dear JDP Partner, Two thousand and nineteen was a strong year of profitable growth for all of our portfolio companies. The Partnership was up 24.6% (net) for the year despite prices of our holdings not catching up with their business progress. The S&P was up 31.2% driven by attractive valuations at the start of the year and surging profitability of the largest companies in the index. JDP’s goal is to do better than the market in most years,…