Light Street Capital: To Survive Society Must Shift to “Maximum Dependence” on the Cloud

Glen Kacher’s Light Street long/short fund returned 18.1% during the first quarter of 2020. That’s compared to a loss of -19.6% for the S&P 500 and – 13.9% for the Nasdaq Composite over the same period, according to a copy of the fund’s first-quarter letter to investors, which ValueWalk has been able to review. Q1 2020 hedge fund letters, conferences and more In comparison, Light Street’s long-only fund lost -8.9% during the first three months of 2020. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Shorts help cushion losses…