Epstein Secrets

t better in the second half of the quarter and we are optimistic about the trends." That doesn't mean crap to me unless a "fix" was made, and in Buffet's case it never happened. You can't let short term nonsense jerk you out of a long term trade that should probably work. I think under the curre

go find good mentors." If you go back and study the great investors throughout history—the Medicis, the Morgans, the Rothschilds, and recently Buffett—these great investors with terrific records share a common trait: they were always in a position to be liquidity providers. Each was willing to

lan and be you. Win, lose. or draw, do it on your own terms. For better or worse, there is only one David Einhorn, Mike Krensavage. Jeff Ubben, Warren Buffett, Jim Chanos. Roland Keiper. Stan Druckenmiller. Be your own person because otherwise it just all gets diluted and you can't beat the market or d

Group, a fundamentally- oriented investment firm, managing approximately $10B primarily on (Conenued 00 page (4) Adam Wyden Adam Wyden '10 of ADW Capital Adam Wyden founded ADW Capital in January 2011 and acts as sole portfolio manager to the Fund. The Fund is focused on maintaining a concentrate

ly 81% when including reinvested dividends. Investment Philosophy • Modeled after philosophy and structure of Buffett Partnership, Ltd (managed by Buffett from '56 to '69) • Similar partnerships include Joel Greenblatt's Gotham Partners and ESL Investments, Inc. • Evaluate all investment ideas as if

ing "Alpha" and not simply "Beta" ADW Capital Partners, L.P. 5 EFTA00620152 Investment Philosophy — "Best Offense is Superb Defense" • Part of Warren Buffett's investing credo involves a specific set of rules: Rule #1: "Don't lose money" Rule #2: "Don't lose money" Rule #3: "Refer to rules #1 and #2 • A

ADW Capital Investor Presentation October 2015 Strictly Confidential / Not For Distribution EFTA00620148 Disclaimer • Opinions expressed are current opin

ly 81% when including reinvested dividends. Investment Philosophy • Modeled after philosophy and structure of Buffett Partnership, Ltd (managed by Buffett from '56 to '69) • Similar partnerships include Joel Greenblatt's Gotham Partners and ESL Investments, Inc. • Evaluate all investment ideas as if

ing "Alpha" and not simply "Beta" ADW Capital Partners, L.P. 5 EFTA00287315 Investment Philosophy — "Best Offense is Superb Defense" • Part of Warren Buffett's investing credo involves a specific set of rules: Rule #1: "Don't lose money" Rule #2: "Don't lose money" Rule #3: "Refer to rules #1 and #2 • A

ADW Capital Investor Presentation October 2015 Strictly Confidential / Not For Distribution EFTA00287311 Disclaimer • Opinions expressed are current opin