Posts | Canterbury Tollgate

Sep 30, 2019

Everybody's bearish

An expert from our 2019 Investor Letter II Click here to read the full letter Pessimism is in vogue. Everyone seems to be positioned...

Aug 5, 2019

Market crashes... is this the real deal?

The market seemed to fall apart Monday with the Dow down more than 900 points (more than 3%) at the low. This is what we are positioned...

Jul 22, 2019

The art of selecting a good investment manager

First let's define what we mean by "investment manager." We do not mean someone who gives investment advice. Nor do we mean an asset...

Jul 8, 2019

A question of "k": why discount rates are so important to valuation

It can be confusing, what happens on a day like Friday the 5th of July, 2019. The jobs report comes out better than expected and markets...

Mar 22, 2019

Return Expectations & Drawdowns

Say you invest $100 at x date. What are the chances your market value will be higher or lower than $100 at x + n(months)? The answer may...

Jan 31, 2019

Letters & Notes

General Introduction to CTG Factsheet Investor Letters 2020 Investor Letter III (Year-End) 2020 Investor Letter II (Summer) 2020 Investor...

Jan 21, 2019

2018 Year-End Letter

When Tides Don’t Roll Headed into the NCAA Football Championship game on January 7th, the Alabama Crimson Tide were favored by more than...