September RESEARCH LETTER-Three Themes Coalescing

Crescat Capital Monthly Research Letter

September 21, 2021 Dear Investors: Three Themes Coalescing With unsustainable imbalances in the global economy and financial markets today, we see unprecedented opportunities to grow and protect capital in both the near and long term. Crescat is focused on investment strategies that offer uncommon value and appreciation potential. We believe that all of Crescat’s strategies offer an incredible entry point …

August RESEARCH LETTER – The Tech Bubble Then and Now

Crescat Capital Monthly Research Letter

August 30, 2021 Dear Investors: The Tech Bubble Then and Now In our analysis, the US stock market today is historically overextended and poses substantial risks. To understand, we need to start by comparing it with the tech bubble in 2000. When Bill Gates retired as CEO of Microsoft that year, he was the richest person in the world. His …