Right Tail Capital Q4 2025 Letter

HAKINMHAN/iStock via Getty Images Can you recall a time when everyone in the room was looking at you funny? This is how I felt recently at the gym, when I was walking on the treadmill. I was walking slowly. I was walking on an incline. And I happened to be walking backwards. I had been dealing with persistent knee soreness from training for a half marathon, so I've been incorporating physical therapy exercises into my routine. Walking backwards is one such exercise. It looks unusual, but it has real bene ...