Cable Car’s portfolio is hedged because the firm is usually agnostic as to whether the market is more likely to rise or fall in the near term, barring extreme valuations and unusual market environments. Over the long term, Cable Car believes there is a cost to equity and that a net long bias is appropriate. Unless it is represented in client portfolios, Cable Car’s view on any particular stock or asset class is not likely to be informative. In no case should anyone rely on any discussion of any security on this website for investment advice. Cable Car’s investment advice is limited solely to the purchase and sale of securities in client accounts.
That said, Cable Car welcomes new ideas and is always happy to discuss any company or security.
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