Seeking Alpha

Andvari Associates - Q1 2019 Letter

by: Fund Letters

Andvari means “careful one” in Old Norse, and thus a careful attitude drives our approach to research and investing.

For the first quarter of 2019, Andvari was up 28.1% while the S&P 500 was up 13.6%.

For some of the taxable accounts Andvari manages, we took on leverage to invest in several companies whose share prices had fallen far too much.