Welcome to Y'all Street
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Transcript of Welcome to Y'all Street
Welcome to
Y’all Street!
The story of the Tarpon Folio.
Something is wrong with Wall Street.
"It's only when the tide goes out that you learn who's been swimming naked."
- Warren Buffett
Wall Street is like
a giant salad bar.
while steering you towards
certain items.
Both give the illusion of choice
DID YOU KNOW?
Investors pay $40 billion a year in fees to mutual funds.
DID YOU KNOW?
80% of mutual funds fail to beat the market.
DID YOU KNOW?
There are more mutual funds in the US…
8,000
…than Taco Bells.
Only 5,800
Why?
Three Things Mutual Funds Don't Want You to Know
Secret 1:
Most of us have the same problem...
Lots of time to live
Not enough savings
Need for guidance
Secret 2:
Most funds are built for brokers to sell… not for investors to buy.
Secret 3: You are on your own.
But there is another way: value investing.
It's not exciting, but it works.
Value investing is like spinach…
…in a world of chocolate.
Ten good Value funds Clipper Fund Oak Value
FPA Capital Oakmark Select
First Eagle Global Tweedy Browne American Value
Fairholme Fund Third Avenue Value Fund
Weitz Value Fund Longleaf Partners
And then there's ours.
It’s a new kind of fund…
...combining the best parts of these...
Mutual Fund
Hedge Fund
Separate Account
Margaritas!
…from a different kind of company…
…in a different kind of place.
Islamorada, Florida Keys
Introducing…
The Tarpon Folio
Tarpon. The silver king of the Florida Keys.
We have invested most of our own savings in it.
"We eat our own cooking!"
We are paid more when the fund does well…
and less when it does poorly.
We select just a few stocks with painstaking care…
…and hold those stocks for years.
Despite long hours of research…
Late nights + an open home office door = tattoos.
and lots of time with our investors…
…our fees are about half those of the average mutual fund.
The Tarpon Folio has three levels of insurance…
- SIPC up to $500K
- Lloyds of London up
to $9.5 million
- FDIC up to $5.75M
(or $11.5M for joint accounts)
and minimizes trading, taxes and turnover.
The Tarpon Folio has a secret, too.
It's not a mutual fund.
Or a hedge fund.
We call it a Spoke Fund.
(As in “hub and spoke.” Catchy, right?)
It was built around a “hub”...
the life savings of our portfolio
manager’s family...
connected by “spokes” to investors’ separate accounts.
So your portfolio manager owns the exact same investments you do.
(And not much else.)
It isn't sold through any brokers,
so you don't pay any commissions…
...anyone can invest...
…and you’re not just another face
in the crowd.
It's the difference between this…
…and this.
(We're all in it together.)
Your money is held in your own secure account….
customized to your preferences…
Minimize my capital gains taxes. Exclude tobacco companies.
Let me vote all proxies.
Dear Tarpon Guys,
– Me
…and led by a portfolio manager…
…who is a steward, not a salesman.
What are we most excited about?
The Tarpon Folio is now open.
Tarpon Folio seeks investors. Must desire to be part of something new. Disgruntled and ornery investors welcome.
Give us a shout anytime!
www.islainvest.com [email protected] (305) 522-1333 Twitter: @CaleInTheKeys Blog: www.caleinthekeys.com
Presentation modified from an original design template by Nancy Duarte posted on Guy Kawaski's blog.
www.duerte.com
blog.guykawasaki.com
Islamorada Investment Management
Brought to you by:
One geek in the Keys
equals
two suits in the city.