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CONCENTRATED INVESTING · RICHMOND, VIRGINIA
Own a few exceptional businesses.
Hold them for years.
Right Tail Capital is a one-person investment firm in Richmond, Virginia. We buy 15 undervalued, high-quality public companies at a discount to what they're worth — and think like business owners, not stock traders.
OUR VISION
We aim for the right tail of outcomes — in three ways:
1. Returns.
We aspire to generate above-average returns over multi-year periods. Not every year — over years.
2. Businesses.
We invest in undervalued, excellent businesses with durable competitive advantages, bought at a discount to their intrinsic value.
3. Learning.
We continuously study companies and industries — through company visits, annual meetings, and conversations with the people who run them — and we grow alongside our investors.
HOW WE INVEST
A focused portfolio, researched deeply.
Long-term ownership changes the questions we ask. We concentrate on business quality, durable advantages, management, and the value received for the price paid.
10–15
3+ years
One
core public securities
our investment horizon
decision-maker, personally invested
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