Some good weekend reading here from Whitney Tilson of T2. Jay at MarketFolly provides an excellent overview and summary of Tilson’s positions, however, I would still recommend reading the letter in its entirety. Tilson’s commentary on managing positions and shorting is excellent:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.