Quality Investing with René Sellmann

Quality Investing with René Sellmann

Share this post

Quality Investing with René Sellmann
Quality Investing with René Sellmann
One of My Most Underrated Tools for Investment Idea Generation: Fund Letters
Copy link
Facebook
Email
Notes
More
Processes & Mental Models

One of My Most Underrated Tools for Investment Idea Generation: Fund Letters

Rene's avatar
Rene
Nov 12, 2024
∙ Paid
8

Share this post

Quality Investing with René Sellmann
Quality Investing with René Sellmann
One of My Most Underrated Tools for Investment Idea Generation: Fund Letters
Copy link
Facebook
Email
Notes
More
1
Share

When it comes to generating investment ideas, one of my absolute favorite and often overlooked resources is reading letters from investment funds. Known by various names—like “letters to LPs (limited partners),” “fund letters,” “shareholder letters,” “hedge fund letters,” or simply “letters to investors”—these documents offer unique insights straight from the minds of seasoned fund managers.

Fund letters provide a window into the strategies and thought processes of successful investors—as well as unsuccessful investors; more on this further down below.

Thanks for reading Quality Investing with René Sellmann! Subscribe for free to receive new posts and support my work.

While the content of such letters can vary widely, a common theme is the sharing of high-conviction investment ideas and updates on existing holdings.

Many of these letters are freely accessible to the public, and occasionally, confidential letters make their way into the open too, adding a layer of intrigue and exclusive insight.

Why Fund Letters Are a Gold Mine for Investors

What makes fund letters so valuable is that they often include a distilled investment pitch focused on just a few key metrics that drive a thesis.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 René Sellmann
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More