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Voss Capital

Hedge fund writing about markets, history, psychology, stocks and anything else we’re interested in at the time

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PricingOnly free issuesPublishesWeekly
Issues26Founded5 years agoLast Issue3 months ago
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Latest Issues

Voss Capital Q4 2025 Quarterly Letter

An ancient writer said there are three great powers in the world: sagacity, strength, and luck. Perhaps the third is the most efficacious but ideally as little as possible in life should be left to its agency. Luck is like the wind that rus...

3 months ago
27
5

The Price of Time

The Price of Time Summary and Analysis

“The Price of Time,” by Edward Chancellor, is almost two distinct books. The first third of the book is primarily a historical, even philosophical discussion of interest rates. How did our long-ag...

4 months ago
23
1

Flywire's Flywheel

"We’re not competitor obsessed; we’re customer obsessed. We start with what the customer needs and we work backwards. And that’s the essence of the flywheel." – Jeff Bezos

"No matter how dramatic the end result, the good-to-great trans...

10 months ago
44
16

PAR’s Path to $80 Redux

Elevator Pitch

We believe PAR Technology Corporation (PAR) is worth more than $80/share today based on our expectation of margin expansion and growth acceleration becoming evident in the next couple of quarters, combined with the scal...

2 years ago
56
9

Paving the Road to Alpha

While the market has been focused on GPU chips and AI scripts, our attention has been on cement blocks and crushed rocks. We've enthusiastically made CRH one of our largest positions ever at cost due to what we believe is very limited downs...

3 years ago
40
3

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