The Synopsis Interview. Right Tail Capital's Founder on Fund Management, Stock Selection, and 3 Quality Companies
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Mar 25, 2025 Jeremy Kokemor, Founder of Right Tail Capital and a seasoned investment expert, shares insights from his nearly three-decade career. He explains his philosophy of focusing on long-term investments in high-quality companies. Topics include strategic stock selection and the potential of the gas station industry, with a spotlight on Murphy USA's operational advantages. He delves into the home building sector, discussing NVR's innovative approach, and the significance of aligning with clients for mutual growth in investments.
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Cash Flow and Fund Performance
- Cash flow pressures can force fund managers into bad investment decisions.
- Fundraising pressures, especially during down times, can compound poor performance.
Patient Capital Deployment
- Deploy capital patiently, prioritizing high-quality investments over quick deployment.
- Jeremy Kokemor started with 40% invested and gradually increased as opportunities arose.
Prioritizing Absolute Returns
- Seek absolute returns of around 15% IRR by targeting investments that can double in five years.
- Prioritize new investments with above-average return potential relative to the existing portfolio.
