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A $1 Million Device To Travel Back In Time To Hear His Profound Current-Day Wisdom

Asia Trip & Presentation; Chinese Tech Bubble Insanity

Whitney Tilson‘s discussing his packages, Classes from the Trenches: Worth Investing Bootcamp and two seminars on The right way to Launch and Construct an Funding Fund and an Superior Seminar on Brief Promoting, at the moment are out there on video and why he needs to construct a time machine = -presented with out commen


I’m writing to share with you some thrilling information: for the primary time (and just for a restricted time), we’re making movies obtainable on-line of all three of the packages that Glenn and I’ve developed over the previous yr: our Classes from the Trenches: Worth Investing Bootcamp and two seminars on Find out how to Launch and Construct an Funding Fund and an Superior Seminar on Brief Promoting.

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Get all the 10-part collection on Charlie Munger in PDF. Reserve it to your desktop, learn it in your pill, or e-mail to your colleagues.

Q3 hedge fund letters, convention, scoops and so forth

Our packages, rooted in our mixed half century of expertise within the funding enterprise, are designed not just for professionals but in addition avid amateurs who merely need to grow to be higher buyers. In them, we share every part we’ve discovered about investing (each lengthy and brief), launching and constructing a number of hedge funds and mutual funds, reply all questions, and invite veteran buyers as visitor audio system to share their knowledge. Our objective is to assist others stand on our shoulders and obtain even larger success. It’s equal doses of studying, self-improvement and enjoyable!

We’ve taught all three seminars a number of occasions, each in individual and by way of webinar, to a whole lot of individuals from each nook of the globe, at each degree, from school college students to retirees, to younger analysts at massive funds to seasoned business veterans.

The unimaginable suggestions we’ve acquired (see a number of the testimonials under) reinforces our view that what we’re educating is exclusive – to my information, nobody else is educating this – and useful. I’m biased in fact, however I feel it’s value exponentially greater than what we’re charging for it. For some buyers, in truth, it might actually be value hundreds of thousands of dollars.

I do know as a result of I’m certainly one of them: I’m not exaggerating once I say that I’d gladly pay $1 million to ship a video of our seminars again in time to my youthful self. I constructed a heck of a enterprise from scratch, rising belongings from $1 million to $200 million, but when I’d had the information that we’re now imparting to the subsequent era of buyers, I might have made far more through the good years – and prevented some fateful errors that finally value me my enterprise.

Right here’s an summary of the key subjects we cowl in every (a full description and extra info on Kase Studying is posted right here):

Classes from the Trenches: Worth Investing Bootcamp

  • The rise and fall of Kase Capital – investing and enterprise classes
  • Find out how to obtain superior efficiency
  • The most effective of worth and progress: become profitable investing
  • Avoiding worth traps
  • Efficient portfolio administration
  • Overview of classes from 15 years of brief promoting
  • Activism
  • Case research: Berkshire Hathaway, McDonald’s, Google, Fb, Netflix, Valeant, Spark Networks, SodaStream, Canadian Pacific, CSX, JetBlue, Spirit Airways, Hertz
  • The right way to keep away from – and revenue from – manias, bubbles and investor irrationality
  • Methods to domesticate mentors, make pals and develop deep relationships
  • The 5 calamities that may destroy your life – and the right way to keep away from them

The 36-hour video collection consists of 32 educating modules, totaling 24 hours, 5 visitor audio system, and 57 solutions to questions.

The best way to Launch and Construct an Funding Fund

  • The choice whether or not/when to launch your personal fund
  • Making a hedge fund vs. separately-managed accounts enterprise
  • The perfect administration charge, carry and redemption phrases
  • The best service suppliers
  • Partnerships and seed offers
  • Hiring the best individuals on the proper time
  • Find out how to make a reputation for your self and stand out from the gang
  • Concentrating on the suitable buyers
  • An efficient fundraising plan to boost $1 billion (or not)
  • Nice investor pitch decks
  • Compelling investor letters
  • Methods to survive durations of poor efficiency
  • How one can create nice slide shows and make killer inventory pitches

The 12-hour video collection consists of 12 educating modules, totaling eight hours, three visitor audio system, and 12 solutions to questions.

Superior Seminar on Brief Promoting

  • Our historical past on the brief aspect
  • Arguments for and towards shorting
  • Don’t get sucked in for the mistaken causes
  • Charlie Munger’s recommendation to me
  • Learn how to mitigate danger in a bull market
  • “Guerilla shorting”
  • The three varieties of shorts we’ve been unsuccessful with
  • The one sort of brief through which we’ve been profitable
  • Tips on how to discover collapsing earnings
  • Being too sensible may be painful
  • Search for apparent bubbles
  • Keep away from valuation shorts – and by no means brief accelerating progress
  • Don’t use choices
  • Sources of excellent brief concepts
  • Case research: The bursting of the housing bubble, Lumber Liquidators, Tesla, Plus 500, Wingstop, Okay12, Zillow

The 10-hour video collection consists of seven educating modules, totaling 6½ hours, one visitor speaker (Mark Spiegel on Tesla), one scholar presentation (on Zillow), and 13 solutions to questions.

Watching the movies is the one solution to take our packages proper now, as we’ve suspended all reside educating to concentrate on a brand new funding publication enterprise we’re launching in 2019.

Whereas nothing can absolutely match the in-person studying expertise, the movies supply many benefits:

  • No have to take day off of labor: You possibly can watch the movies at any time, day or night time.
  • No have to journey: Anybody, anyplace on the planet, can watch the movies utilizing a smartphone, pill or pc.
  • Limitless viewing for a full yr: You’ll be able to watch (and re-watch) them as a lot as you need for a full yr.
  • Extra reasonably priced: Individuals gained’t incur any journey or lodge prices and, as a result of we don’t need to pay for renting a room, offering meals, and so on., we’re pricing the movies at a small fraction of our regular tuition.

Right here is the pricing for every of our packages:

To our readers Pease use “VW10” for a reduction!

After we launch our publication early subsequent yr, we’ll not be promoting the movies, so please register now!

To offer you an concept of what we’re educating, we’ve made obtainable at no cost the introduction/overview/agenda video in addition to an excerpt from the primary educating module of every program – to observe them, merely click on the “Register here” hyperlinks above.

The mixed worth of those three packages is $1,985, however for those who register for the bootcamp and both seminar, we’ll provide the different one totally free – decreasing the whole value by 25% to $1,490.

Use “VW10” for a reduction!

We need to make our packages reasonably priced to younger buyers and college students, so are providing a 25% low cost to anybody underneath age 30 and a 50% low cost to any full-time scholar. To reap the benefits of this, merely take an image of your drivers license (or anything that has your date of start on it) or your scholar ID, e-mail it to me, and I’ll ship you a reduction code you should use.

Please e mail me as quickly as you register for any of our packages and I’ll ship you the hyperlink to a folder with all the slides we train from plus loads of background supplies.

Please let me know when you have any questions, and I welcome your suggestions!

Greatest regards,

Whitney Tilson

Founder & CEO

Kase Studying, LLC

5 W. 86th St., #5E

New York, NY 10024

(646) 258-0687

[email protected]

PS–Listed here are a few of the testimonials:

  • It was an exquisite, virtually life-changing expertise. In a nutshell, it felt like an intensive infusion of knowledge and sensible recommendation.” – Gabriel Grego, Quintessential Capital Administration LLC
  • I might completely advocate this seminar to anybody aspiring to run their very own funding administration enterprise. What’s taught on this seminar is pure gold. It’s not taught anyplace else and there aren’t that many individuals on the planet who actually perceive what it takes to boost a billion-dollar fund. I feel that that is an unimaginable product. It’s not likely a proxy for enterprise faculty or Columbia’s worth investing program. It’s extra superior and for somebody farther forward of their profession. There are such a lot of start-up, rising managers who do not know how you can increase cash and the place to start out.” – Nameless
  • I’m misplaced in phrases whereas expressing my appreciation. It was the mom of all seminars. Actually. It was invaluable: so many clever teachings, ideas and reflections, and alternatives for private progress. Once I received again to work, I spent all the afternoon sharing with my group the various learnings from our week collectively. Your humility, candor and selflessness are all nice logos of yours and have been evident through the week. You’re a heck of a task mannequin and I’m so fortunate to have you ever as my cherished good friend.” – Paco Carrillo, Mexico Worth Companions
  • Firstly of Whitney’s course, I didn’t know what to anticipate and had little concept of the way to arrange and market my enterprise, however after just a few days it’s not an understatement that the seminar will make me hundreds of thousands of dollars and save me quite a lot of hassle. Whitney laid out the whole lot he did proper in launching and rising his fund for greater than a decade after which, maybe extra importantly, very truthfully detailed what he did flawed.” – Angelo Martorell, Martorell Capital Companions
  • As a younger analyst making an attempt to get forward, this was the shot within the arm I wanted. I do know the hedge fund world has turn into more and more troublesome and aggressive, so I’ve been in search of any leg up I might discover – and the seminar delivered, far surpassing my expectations. I used to be blown away by the one-on-one, personalised consideration and may’t think about a greater solution to study than from Whitney’s case-based format. I left the seminar a greater investor, entrepreneur and, unexpectedly, higher individual. Extremely beneficial!” – Jeremy Lichtman, SevenSaoi Capital