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Jul 9, 202015 min read
Rowan Street Q2 2020 Letter
Spotify Investment Thesis.
Volatility and Market Timing.
Our Investment Process.
Mar 31, 20206 min read
Rowan Street Q1 2020 Letter
What would you do if the stock market shut down for the next 5 years?
Feb 29, 20203 min read
Market Correction And Coronavirus Scare
Tuning out the noise.
Jan 23, 20209 min read
Rowan Street 2019 Year-end Letter
Alibaba - taking advantage of the trade war headlines. Investment in Facebook and Tencent. Why we sold Under Armour?
Sep 10, 20196 min read
Rowan Street Q2 2019 Letter
Chipotle (CMG) Case Study and lessons learned.
Apr 29, 20196 min read
Rowan Street Q1 2019 Letter
Volatility and how to think about it? Why we would sell a position?
Feb 1, 20197 min read
Rowan Street Q4 2018 Letter
How our 2017 investments played out in 2018. Our behavior during the market’s second worst December since 1931.
Oct 28, 201810 min read
Rowan Street Q3 2018 Letter
Why we sold Chipotle, Tractor Supply and Gilead Sciences. Our view on the macroeconomic worries.
Jul 24, 20188 min read
Rowan Street Q2 2018 Letter
Revisiting our Under Armour investment thesis.
Apr 24, 20184 min read
Rowan Street Q1 2018 Letter
10 Player All-Star Team (our sports analogy).
Feb 18, 201811 min read
Rowan Street Q4 2017 Letter
Relative-performance vs. Absolute-performance orientation. Under Armour (UA) investment thesis.
Oct 30, 20173 min read
Rowan Street Q3 2017 Letter
Unusual amount of activity in Q3.
Aug 8, 20177 min read
Rowan Street Q2 2017 Letter
Admitting mistakes: selling Priceline and Bank of America.
May 15, 20173 min read
Rowan Street Q1 2017 Letter
Akorn (AKRX) Acquisition.
Feb 15, 20178 min read
Rowan Street Q4 2016 Letter
The next 5 years for Rowan Street Capital. PRA Group Investment Thesis.
Oct 25, 20165 min read
Rowan Street Q3 2016 Letter
Sold Dicks Sporting Goods (DKS). Sold Cimpress (CMPR).
Jul 29, 20167 min read
Rowan Street Q2 2016 Letter
Brexit. Three basic choices available to investors. Merger Arbitrage.
Apr 26, 20165 min read
Rowan Street Q1 2016 Letter
The Importance of Margin of Safety.
Jan 18, 20166 min read
Rowan Street 2015 Year-End Letter
Four Phases of a Typical Equity Cycle.
Oct 27, 20158 min read
Rowan Street Q3 2015 Letter
A Short History of Financial Euphoria.
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