Torsten Asmus/iStock via Getty Images Dear Co-Investor Our letter to you is arriving somewhat later in the quarter than usual. Admittedly, it has been a busy earnings season, but the more honest answer is that we have been working on some very intriguing potential investments for next year. As ever, we are unrepentant opportunists . We end up pulling on a thread of an idea and suddenly find ourselves tumbling down the rabbit hole. Over the years, we have trained our noses to follow the subtle scent of o ...