Alpine Capital Research 3Q20 Commentary: A Value Depression Opportunity

Alpine Capital Research commentary for the third quarter ended September 2020, titled, “A Value Depression Opportunity.”Q3 2020 hedge fund letters, conferences and moreInvestors have much to worry about today: a global pandemic, severe recession, and a polarizing election. Yet, we believe these events will soon recede into the rearview mirror of American history, while productivity and profits will continue their long-run upward trajectory. We also think that presidents have far less impact on the macroeconomy than is commonly believed, and that recovery from the pandemic and recession is like…

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HEDGE accordingly