The following is an excerpt from Eagle Point Capital’s most recent letter to clients. Every six months, EPS writes to clients to explain what they own and why they own it. The portfolio-specific portion of that letter is for clients only. Wesco continues to try more to profit from always remembering the obvious than from grasping the esoteric. … It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. There must be some wisdom in the folk saying, `It’s the strong swimmers who drown.’
Replication Mode
Replication Mode
Replication Mode
The following is an excerpt from Eagle Point Capital’s most recent letter to clients. Every six months, EPS writes to clients to explain what they own and why they own it. The portfolio-specific portion of that letter is for clients only. Wesco continues to try more to profit from always remembering the obvious than from grasping the esoteric. … It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. There must be some wisdom in the folk saying, `It’s the strong swimmers who drown.’