Disclaimer: This letter is an archived letter to shareholders of the SaltLight Investment Holding company prior to the formation of the SaltLight SNN Worldwide Flexible Fund. The purpose of this archive to provide a historical narrative of our thinking and how it has evolved over time. We find that writing down our thoughts and allowing the passage of time to judge them are helpful in our learning and improving the art of investing. Results, past investments held and our thinking may have changed.
Archive 2Q 2020 Letter
Dear Shareholder This quarter shall probably be remembered in the history books as the quarter…
Archive 1Q 2020 Letter
Breakfast, Burgers and Complexity Early in March, in what seems like a lifetime ago and…
Archive 4Q 2019 Letter
Build Something That’s Enduring In December 2015, I took a giant leap and apprehensively redirected…
Archive 3Q 2019 Letter
Dear Shareholder, A reputation once broken may possibly be repaired, but the world will always…
Archive 2Q 2019 Letter
Dear Shareholders, During the first half period, SaltLight Capital generated a growth in net worth…
Archive 2Q 2018 Letter
“Moderation is better than muscle, self-control better than political power”– Proverbs 16:32 To our partners, this…
Archive 1Q 2018 Letter
Dear Fellow Shareholders, During the quarter, our Growth in NAV per share was [redcated] vs….
Archived 3Q 2017 Letter
Dear Fellow Shareholders, This quarter has been a particularly difficult one to digest. As political…
Archive 2Q 2017 Letter
Year-end Letter: 4th quarter for the financial year ended June 2017 SaltLight Capital is an…
Archive 1Q 2017 Letter
Dear Fellow Shareholders, SaltLight Capital is an investment holding company that seeks to invest your…
Archive 4Q 2016 Letter
Quarterly Update: 2nd quarter for the financial year ended June 2017 Dear Fellow Shareholders, SaltLight…
Archive: 2Q 2016 Letter
SaltLight is currently invested in nine businesses that are listed on the JSE. When allocating…