WETF Update: Winter (Vanguard) is Coming!

Just a quick post to record my thoughts for future evaluation.  I purchased WisdomTree (WETF) earlier this year for ~$9 per share.  I am going to sell 2/3 of the position @ ~$12 and just let the 33% profit run (in a tax deferred account, or I would not bother).  The basic evaluation when I bought was that I liked the business, insiders/founders are in control (reducing principal-agent conflicts), and it was trading with an enterprise value of around 2% of AUM.   Continue reading “WETF Update: Winter (Vanguard) is Coming!”