Blue Tower Quarterly Letters to Investors
2022
Q4 2022: Value Still Looks Cheap Even with Higher Yields
Q3 2022: Revisiting our Enova International Investment and Other Market Updates
Q2 2022: Updates on our European Investments
Q1 2022: Consequences of the Russian Invasion of Ukraine
2021
Q4 2021: Inflation Discussion, Updates on Georgia Capital and Cornerstone Building Brands
Q2 2021: Strong Returns Continue
2020
Q4 2020: The End of a Memorable Year
Q2 2020: Historic Valuation Spreads in US stocks
2019
Q3 2019: Reflections on Momentum and Exiting Portfolio Positions
Q2 2019: Cornerstone Building Brands
Q1 2019: Charles Schwab Corporation
2018
Q4 2018: Investor Uncertainty Leads to Spike in Volatility
Q2 2018: Sberbank Update and Healthcare Acquisitions
2017
Q4 2017: Joban Kaihatsu Co Ltd
Q1 2017: Updates on EZPW and Subprime Auto Lenders
2016
Q4 2016: Looking Forward Towards 2017
Q3 2016: Our View on Tyson Foods
Q2 2016: Updates on EZPW and ESRX
2015
Q3 2015: Star Gas Partners Investment Thesis
Q2 2015: Small-Cap Investing and Illiquidity
Q1 2015: Hindsight Bias in Investing
Investment Thesis on Express Scripts
2014