Epstein Secrets

ver an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: I want to take this opportunity to update you on our portfolio. While 2013 and the first quarter of 2014 drove

got to work repairing his new Diamond Resorts. But by late 2008, the credit tsunami began to take down timeshare companies one by one. Fortunately, Diamond was in a position to play offense while the whole industry was busy playing defense. With the help of private capital sources like Soros and Guggen

h to mirror transactions like the joint venture the Company structured with Dorsett (a large Asian hotel company) last year. A deal like this allows Diamond members access to new resorts in Asia without having to purchase the resort outright. These arrangements not only enhance Diamond's consumer value

ver an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: I want to take this opportunity to update you on our portfolio. While 2013 and the first quarter of 2014 drove

got to work repairing his new Diamond Resorts. But by late 2008, the credit tsunami began to take down timeshare companies one by one. Fortunately, Diamond was in a position to play offense while the whole industry was busy playing defense. With the help of private capital sources like Soros and Guggen

h to mirror transactions like the joint venture the Company structured with Dorsett (a large Asian hotel company) last year. A deal like this allows Diamond members access to new resorts in Asia without having to purchase the resort outright. These arrangements not only enhance Diamond's consumer value

ver an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update -- Our Patient Approach at Work: While the Fund is not always in a position to discuss names in the portfolio be

iamond Resorts International (NYSE:DRII) We initially profiled our investment in Diamond Resorts (DRII) in our 1Q 2014 letter. We were attracted to Diamond by the highly recurring nature of the Company's cash flows, the imminent refinancing opportunity available, and the Company's extremely high insider