Thinking Big About Small Companies

A New Venture

June 5th, 2018 | Posted by Torin in General | Investing | Uncategorized - (Comments Off)

I am pleased to tell you that I have partnered with a longtime colleague, James F. Basili, to form a new firm, Lightsail Capital. Lightsail employs the same concentrated investment strategy as Monte Sol, but does so through a single pooled investment fund rather than many separately managed accounts. As part of this transition, Monte … Read more

The Noblest Pursuit

September 2nd, 2016 | Posted by Torin in General | Investing | Uncategorized - (Comments Off)

Is what I believe to be true, actually true? This question underpins all science and analysis. But it is a very hard question to answer. Answering it honestly to ourselves proves especially difficult. The difficulty arises from a number of causes. The chief among them is that we never fully comprehend the truth; we only … Read more

How Not to Write Research

August 28th, 2015 | Posted by Torin in General - (Comments Off)

There is a short-focused online publication called StreetSweeper. I subscribe to its RSS feed, and in the past I’ve liked some of the work it has published. I have short-sold shares of companies brought to my attention by StreetSweeper articles. Unfortunately, yesterday StreetSweeper put out a very negative piece on GTT Communications (f/k/a GTLT) that … Read more