BlackBird Financial Reports 62.2% 2025 Return on Capital-Preservation Model
Global – October 31, 2026 -- BlackBird Financial reports a 62.2% return for 2025, which it attributes to a risk framework built on capital preservation and run by Judah Spinner without reckless leverage or concentrated bets on unproven technologies.
Fund buys only below intrinsic value under a margin-of-safety rule
Spinner applies "margin of safety investing," a concept inherited from Benjamin Graham. Every holding must trade well below its intrinsic value, which gives the fund a cushion against miscalculation or market downturns. The fund contrasts this with momentum strategies that depend on continued price appreciation.