Richie Capital: Grossly Incompetent Is An Understatement The resident liar besttobe who has lost his a$$ and has been posting lies or repeatedly twisting the truth about VMD thought to post the reasons why Richie Capital Group exited VMD. But who is Richie Capital? How competent is this fund manager? Which are the picks of this fund manager? Check these facts:
(1) Richie Capital Group: “INS Remains One of our Best Ideas”
Intelligent Systems (INS) has been a laggard since 2019. Check its 2-yeart chart. INS has been largely flat despite the fact that S&P stands at all time high! Specifically:
"INS delivered a -21.99% return since the beginning of the year, while its 12-month revenues are down by -4.11%. The stock closed at $31.29 per share on July 19, 2021."
(2) See also this excerpt, Richie Capital was even unable to beat the benchmarks (!!!):
"Richie Capital Group, an investment management firm, published its second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio net return of 2.6% was recorded by the RCG Long Only strategy for the second half of 2021, while the RCG Long Short Fund lost 2.5% for the same period.
The fund's closest benchmarks, the Russell 3000 Index and the Equity Long Short Index gained 8.2% and 2.6% for the quarter respectively."
3) Read the full article about Richie Capital:
https://finance.yahoo.com/news/richie-capital-group-ins-remains-164440573.html