Horizon Kinetics 4Q 2017 Letter

Check out the Horizon Kinetics Q4 letter and presentation. The letter touches on market conditions, stocks with inflation protection, the marine drilling and shipping sector, precious metal royalty companies, and, of course, Bitcoin. The appendix contains stock write-up on AC, CVEO, TPL, and IEP.

Full letter and deck here:
Horizon Kinetics 4Q 2017 Letter
Horizon Kinetics 4Q 2017 Portfolio Update Deck

More Hedge Fund Fourth Quarter 2017 Investor Letters

How Horizon Kinetics prepares protects against inflation:

Horizon Kinetics 4Q 2017 Inflation Stocks.jpg

Horizon Kinetics on Bitcoin:

Horizon Kinetics 4Q 2017 Bitcoin.jpg