August 24, 2016

Askeladden Capital Management

Why primary research is overrated.

Charlie Munger would be proud.

Loading PDF

More from Askeladden Capital Management

Samir Patel, Askeladden Capital Management

Askeladden Capital Q3 2019 Investor Letter - "Earn It"

YTD through 9/30/2019, Askeladden Capital Partners LP returned in excess of ~ +41% gross and ~ +32% net, compared to ~ +17% for our benchmark. The Q3 2019 letter discusses how we intend to earn our keep as we rapidly scale

Oct 30, 2019

Samir Patel, Askeladden Capital Management

Askeladden Capital Q2 2019 Letter

YTD through 6/28/2019, Askeladden Capital Partners LP returned in excess of ~ +37% gross and ~ + 30% net of all fees, compared to +17% for our benchmark, the S&P 1000 Total Return, extending our track record of outperformance. The Q2 2019 letter ...

Jul 01, 2019

Samir Patel, Askeladden Capital Management

Askeladden Capital Q1 2019 Investor Letter

YTD through 2019-04-05, Askeladden Capital Partners LP returned in excess of +28% gross, and +24% net, versus a +17% gain for our benchmark, the S&P 1000 Total Return.

Apr 08, 2019

Samir Patel, Askeladden Capital Management

Askeladden Q4 2018 Letter: A Better Life

In Askeladden's Q4 2018 letter, I discuss the agency problems traditionally associated with small asset managers scaling, and why clients can be confident that I'll avoid them.

Jan 28, 2019

Samir Patel, Askeladden Capital Management

Howard Marks is Dangerously Wrong

I've long been a great fan of Howard Marks, but his new book misses the mark. It's not just wrong - it's dangerously wrong - and attempting to implement its ideas will likely damage, rather than help, your returns. Explore why in our thorough, ...

Oct 31, 2018

Samir Patel, Askeladden Capital Management

Five Counterintuitive Lessons from Five Years of Professional Investing - Askeladden Capital Q3 2018 Letter

Our Q3 2018 letter, overviewing five counterintuitive, mental-models driven lessons we've learned from five years of investing.

Oct 26, 2018

Samir Patel, Askeladden Capital Management

Poor Ash's Almanack - A Learning Journey

Here is the Q2 2018 letter , formally announcing the launch of Poor Ash’s Almanack – a website with ~half a million words of content that is the best free mental models resource on the internet by a wide margin. I’ve been working on it in one manner ...

Jul 02, 2018

Samir Patel, Askeladden Capital Management

Askeladden Capital Q1 2018 Letter: "The Asterisks"

My Q1 2018 letter, " The Asterisks ," looks beyond the surface of ACP's stellar results since inception to identify areas for improvement.

Apr 03, 2018

Samir Patel, Askeladden Capital Management

Askeladden Capital - Q1 2017 Letter

Below is Askeladden Capital's Q1 2017 letter to investors.

Apr 01, 2017

Samir Patel, Askeladden Capital Management

Why Value Investors Need Systems Thinking

Tunnel vision is dangerous, y'all.

Jan 11, 2017

Samir Patel, Askeladden Capital Management

Community Spotlight: Samir Patel

View Profile  Samir Patel , Askeladden Capital Management Founder + Portfolio Manager at Askeladden Capital Samir Patel is a 22-year old Texan value investor running a concentrated, long-term, small-cap value strategy. Prior to founding Askeladden, ...

Aug 26, 2016

Samir Patel, Askeladden Capital Management

Franklin Covey: A Compelling High-Return, Low-Risk Pitch… And I’m Swinging

Summary: the "All Access Pass," a new go-to-market offering for performance-improvement company Franklin Covey, which is the equivalent of a season pass at Six Flags, is resulting in the company lowering reported guidance. On the other hand, ...

Jul 02, 2016

Global Climate Investing Survey 2025

Sponsored by Robeco

Our fifth annual survey shows that enthusiasm for climate investment continues to vary by region. Europe has reclaimed its leadership from Asia-Pacific, which topped last year’s survey, while interest in the US has dropped to new lows.

The most important insight of the day

Get the Harvest Daily Digest newsletter.

Support
Privacy Policy
GDPR
CCPA
Terms
Copyright

© 2025 Harvest Exchange Corp

What is Harvest?

Harvest is a digital marketing platform that connects investors with financial firms, products and services through behavioral data.

Become a publisher

Distribute your firm's investment insights on the world's largest investor community. Learn more