Worm Capital Up 373% In Last 12 Months; Q3 Late On The Disruption “Super Cycle”

Worm Capital commentary for the third quarter ended September 30, 2020, discussing the disruption super cycle.Q2 2020 hedge fund letters, conferences and more”Pessimists sound smart. Optimists make money.” – Nat Friedman, CEO of GitHub October 2020Dear Partners,Year-to-date through Q3 2020, our long/short equity strategy has returned 171.64%, and our long-only strategy has returned 125.43%, net of fees. This was compared to the S&P 500 TR of 5.58% over the same period. Please see below for results since inception.It’s been a strong year so far, but it’s my belief that, long-term, we’re really …

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HEDGE accordingly