Intra-market mispricing acute, says Sanborn Kilcollin

High-momentum, well-known growth names hugely overpriced


We view longs and shorts identically, and invest in the most mispriced stocks we can find. Mispriced means, to us, that the market price is substantially different to our estimate of true intrinsic value, which is what an omniscient and dispassionate investor would pay to own the business in its entirety. We aim to invest in longs at 60% of our estimate of intrinsic value and to invest in shorts trading at twice our estimate of intrinsic value. One can view us as lazy ‘public leveraged buyout'

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here