Welcome to

Y’all Street!

The story of the Tarpon Folio.

Something is wrong with Wall Street.

"It's only when the tide goes out that you learn who's been swimming naked."

- Warren Buffett

Wall Street is like

a giant salad bar.

while steering you towards

certain items.

Both give the illusion of choice

DID YOU KNOW?

Investors pay $40 billion a year in fees to mutual funds.

DID YOU KNOW?

80% of mutual funds fail to beat the market.

DID YOU KNOW?

There are more mutual funds in the US…

8,000

…than Taco Bells.

Only 5,800

Why?

Three Things Mutual Funds Don't Want You to Know

Secret 1:

Most of us have the same problem...

Lots of time to live

Not enough savings

Need for guidance

Secret 2:

Most funds are built for brokers to sell… not for investors to buy.

Secret 3: You are on your own.

But there is another way: value investing.

It's not exciting, but it works.

Value investing is like spinach…

…in a world of chocolate.

Ten good Value funds Clipper Fund Oak Value

FPA Capital Oakmark Select

First Eagle Global Tweedy Browne American Value

Fairholme Fund Third Avenue Value Fund

Weitz Value Fund Longleaf Partners

And then there's ours.

It’s a new kind of fund…

...combining the best parts of these...

Mutual Fund

Hedge Fund

Separate Account

Margaritas!

…from a different kind of company…

…in a different kind of place.

Islamorada, Florida Keys

Introducing…

The Tarpon Folio

Tarpon. The silver king of the Florida Keys.

We have invested most of our own savings in it.

"We eat our own cooking!"

We are paid more when the fund does well…

and less when it does poorly.

We select just a few stocks with painstaking care…

…and hold those stocks for years.

Despite long hours of research…

Late nights + an open home office door = tattoos.

and lots of time with our investors…

…our fees are about half those of the average mutual fund.

The Tarpon Folio has three levels of insurance…

- SIPC up to $500K

- Lloyds of London up

to $9.5 million

- FDIC up to $5.75M

(or $11.5M for joint accounts)

and minimizes trading, taxes and turnover.

The Tarpon Folio has a secret, too.

It's not a mutual fund.

Or a hedge fund.

We call it a Spoke Fund.

(As in “hub and spoke.” Catchy, right?)

It was built around a “hub”...

the life savings of our portfolio

manager’s family...

connected by “spokes” to investors’ separate accounts.

So your portfolio manager owns the exact same investments you do.

(And not much else.)

It isn't sold through any brokers,

so you don't pay any commissions…

...anyone can invest...

…and you’re not just another face

in the crowd.

It's the difference between this…

…and this.

(We're all in it together.)

Your money is held in your own secure account….

customized to your preferences…

Minimize my capital gains taxes. Exclude tobacco companies.

Let me vote all proxies.

Dear Tarpon Guys,

– Me

…and led by a portfolio manager…

…who is a steward, not a salesman.

What are we most excited about?

The Tarpon Folio is now open.

Tarpon Folio seeks  investors. Must desire to be part  of something new. Disgruntled and ornery investors welcome.  

Give us a shout anytime!

www.islainvest.com csmith@islainvest.com (305) 522-1333 Twitter: @CaleInTheKeys Blog: www.caleinthekeys.com

Presentation modified from an original design template by Nancy Duarte posted on Guy Kawaski's blog.

www.duerte.com

blog.guykawasaki.com

Islamorada Investment Management

Brought to you by:

One geek in the Keys

equals

two suits in the city.