Posts | Canterbury Tollgate

Rates and Crises

Consensus has converged around a +25bp hike tomorrow (Wed. 3/22). This after conceding that no one knows how deep the banking carnage is...

2022 Year-End Investor Letter

Read our 2022 Year-End Investor Letter.

2022 Investor Letter II (Fall)

A preview of our second investor letter for 2022. Click here to read the full letter. “In order to outperform, by definition, you have to...

Surviving the Tempest

At a certain point in every market the focus shifts from (1st) making money to (2nd) not losing money to (3rd) simply surviving—making it...

2022 Investor Letter I (Spring/Summer)

Below is a preview of Canterbury's 2022 Investor Letter I. Read the full letter here. Key points: Most valuation metrics show robust,...

A Note on Meta Platforms

Meta, formerly known as Facebook, reported Q4-2021 results after the market close on Wednesday, 2-February-2022. The market's reaction...

Preview: 2021 Year-End Letter

Below is a preview of our 2021 Investor Letter III (Year-End). Click here to read the entire letter. “Knowledge grows, but wisdom, though...

Preview: 2021 Investor Letter I

A snippet from our first investor letter of 2021. Download the full letter here. Dear friends and valued investors, CTG Fluxion, LP...

Preview: 2020 Year-End Letter

A snippet from our 2020 Year-End Letter. Download the full letter here. Dear friends and valued investors, The historian Eugen Weber...

Lions, partisans & discretionary income

Aside from life-threatening situations, one does not need a study to show that humans often struggle to incorporate new or conflicting...