Vltava Fund 3Q19 Letter: Japan And Lapland

Vltava Fund letter to investors for the third quarter ended September 30, 2019; titled, “Japan And Lapland.” Q2 hedge fund letters, conference, scoops etc This summer, I had an opportunity to visit two places the names of which almost rhyme (and in fact their names in Czech differ by just one letter): Japan and Lapland. Although I had been in Lapland previously, this was the first time Japan found its way into my travel plans, and it was the 75th country I had visited. Wherever I travel, I always look at the world in part through my investing eyes. It…