This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus. Manages hedge funds and mutual funds and is a registered investment advisor the general motors building 767 fifth avenue, 18 th. Former hedge fund manager whitney tilson recently updated his valuation estimate for berkshires classa shares. Joe, which is also closely tied to the real estatehousing market. Whitney tilson i buy investments that are so hated, you would be embarrassed to say you own them at a cocktail party. Heres the analysis on berkshires hathaways q2 2018. Applying behavioral finance to value investing the warren. When life gives you lemons we all have had hardships and made poor decisions. Whitney tilson picks 5 stocks for his daughters college funds. Raj rajagopal has provided a guest post outlining his argument for a short position in berkshire hathaway inc.
Its true that the acquisition of burlington northern has pushed their noninsurance operating earnings to a new level. Whitney tilson is betting big on buffett and tech the. Get the entire 10part series on warren buffett in pdf. Former hedge fund manager whitney tilson says legendary investor warren buffett wont be retiring for at least five more years. Get the entire 10part series on charlie munger in pdf.
Nov 09, 2015 investment funds managed by whitney tilson own shares in berkshire hathaway. Hedge fund manager whitney tilson is reportedly shutting down his hedge fund at a time when industry assets are growing but returns continue to lag. Whitney tilson on value, reinvention, and the hedge fund. Tilson march 2016 berkshire valuation free download as pdf file. Whitney tilsons email to investors discussing his readers thoughts and. Alphabet is the greatest business on earth it dominates its sectors globally, is growing rapidly, has enormous, sustainable competitive advantages in the form of brands, habits, and network effects, and has a lowcapital. Its an insurance company transforming itself into an operating business as whitney tilson has pointed out before. As you can see in our latest analysis of berkshire hathaway, which is always posted at. Now that is has been sent out we can post the full thing. All books are in clear copy here, and all files are secure so dont worry about it. Charles thomas munger born january 1, 1924 is an american investor, businessman, former. Whitney tilson may 6, 2014 berkshire hathaway presentation. Former hedge fund manager whitney tilson says the key to bershires strong performance isnt apple. Berkshire hathaway 2008 annual meeting tilson funds.
Brk released their third quarters earnings over the weekend. In a bonus podcast, hedge fund industry veteran whitney tilson shares his thoughts on the future of value investing and what aspiring fund managers need to. Traits of successful money managers successful longterm money managers, whitney tilson says, share 16 traits, divided equally between personal characteristics and professional habits. Compensation arrangements at brk are created and agreed upon in. Prior to creating empire financial research, whitney tilson founded and ran kase capital management, which managed three valueoriented hedge funds and two mutual funds. A, general growth properties ggwpq, and iridium irdm. Mike segarreuters hedge fund manager whitney tilson, the founder of kase capital, is a big berkshire hathaway bull. The mungers gave a major gift to stanfords green library to fund the restoration.
Whitney tilson is the founder and ceo of empire financial research, which aims to provide advice, commentary and indepth research and analysis to help people. View the current portfolio and top holdings for whitney tilson. Appendix a summary of top 15 long positions and top 5 short positions ranked in descending order of size in the t2 accredited fund as of 72211. Sharing investments to create open dialogue and discussion. Pb paul anka and warren buffett sing a duet in the opening movie. Tilson funds collectively the funds, individually the focus fund and the dividend fund. Heres glenns take as always, our slide presentation is posted at.
Read online an analysis of berkshire hathaway tilson funds book pdf free download link book now. Providing opportunity technology training whitney tilson. Whitney tilson tries to come up with an estimate of intrinsic value at brk and analyzes berkshire hathaways 2018 letter to. Oct 01, 2012 8th annual new york value investing congress october 1, 2012 new york, ny my favorite ideas whitney tilson, t2 partners join us for the 8th annual spring value investing congress in las vegas. Find out what the chairman of berkshire hathaway thinks about investing. Berkshire hathaway annual meeting 2014 may 3, 2014 these notes are recollections only, without the aid of a recording device. Dont guess what buffett is buying, buy berkshire hathaway. Berkshire hathaway brkab resource page for investors annual meeting notes 2000 2015 2014.
Former hedge fund manager whitney tilson, the founder of kase learning, has his childrens college savings accounts in only five stocks the value investor and father of. After two failures, whitney tilson is back with another. Former hedge fund manager whitney tilson has called berkshire hathaway nyse. Understanding these traits not only helps you identify exemplary professional. Recently, whitney tilson and glenn tongues hedge fund t2 partners gave a presentation at the boys and girls harbor investment conference that took place on february 3rd, 2010. Berkshires huge hoard of liquid assets, the quality and diversity of its. Tilson update of berkshires intrinsic value docshare. Have access to all of tmfs online and email products for free, and be paid for your contributions to tmf. Whitney tilson is shutting down his hedge fund cnbc. Over the same period, the average bond mutual fund. Berkshire hathaway annual meeting omaha, nebraska may 3, 2008 the majority of the content has come from the typewritten notes of peter boodell. Overview erkshire hathaway has everything we look for in a stock. Below is an excerpt from his latest email discussing performance issues and more. A in his fund t2 partners monthly letter to shareholders, with.
B with our data and independent analysis including price, star rating, valuation, dividends, and financials. Whitney tilson berkshire hathaway slides business insider. Klarman, the manager of baupost group since 1983, is a value investing legend who has compiled a spectacular track record. May 06, 2014 investment funds managed by whitney tilson own shares in berkshire hathaway. Apr 28, 2011 an overview of t2 partners, what worries us, our view of the market, and some stock ideas presentation to the cfa society of nebraska april 28, 2011. Save it to your desktop, read it on your tablet, or email to your colleagues. By vw staff from whitney tilson s latest email to investors.
Whitney tilson explains general growth, iridium and. Its an incredible collection of highquality businesses, run by the greatest investor of all time, and has the ultimate fort knox balance sheet. Whitney tilson born 1966 is an american investor, former hedge fund manager, newsletter publisher, author, and philanthropist. An overview of t2 partners, what worries us, our view of. Detailed information include number of shares and portfolio weight. I first bought the stock when i launched my hedge fund on january 1, 1999. I hope you had wonderful holidays and wish you a happy new year. An overview of t2 partners, what worries us, our view of the. Sep 01, 2018 whitney tilson is the founder of kase learning and foundedran kase capital management for nearly two decades. Mutual fund shares are not deposits or obligations of, or guaranteed by, any depository.
Tilson march 2016 berkshire valuation share repurchase. Whitney tilson is an american hedge fund manager, and the founder and former managing partner of kase capital. Download an analysis of berkshire hathaway tilson funds book pdf free download link or read online here in pdf. Berkshire hathaway brkab resource page value seeker. Doug kass questions whitney tilsons berkshire valuations. The latest version of this presentation is always posted at. Manages hedge funds and mutual funds and is a registered investment advisor the general motors building 767 fifth avenue, 18th floor. Whitney tilson is the founder and managing partner of t2 partner llc and the tilson mutual funds.
Hedge fund t2 partners berkshire hathaway analysis brk. Investment notes investor who is looking to learn as much as possible to be the best investor i can be. Doug kass questions whitney tilsons berkshire valuations and tilson responds march 06, 2012 about. Start a 14day free trial to morningstar premium to unlock our take on. Mar 01, 2018 by vw staff from whitney tilson s latest email to investors. Importantly for all investors and especially retirees its incredibly safe.
Oct 31, 2007 annual report 2007 focus fund dividend fund october 31, 2007 this report and the financial statements contained herein are submitted for the general information of the shareholders of the tilson funds collectively the funds, individually the focus fund and the dividend fund. In each annual letter this is my 14th i seek to frankly assess the funds performance, reiteratemy core investment philosophy, and share my thoughts on various matters. B, buffett released his annual letter last saturday morning the full annual report is posted here and, as usual, its a great read, with lots of information for berkshire hathaway shareholders its the only stock thats been in my fund continuously since inception more than. Whitney tilson puts all his childrens college savings in. This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by sorfis investments, llc sorfis or any other entities related to or owned by sorfis.
Whitney tilson says warren buffett is here to stay thestreet. The coronavirus panic is overblown, so its time to buy. Value investing congress presentationtilson10112 csinvesting. I just updated my valuation model for berkshire hathaway brkb. Jacob wolinsky is the founder of, a popular value investing and hedge fund focused investment website. An analysis of berkshire hathaway tilson funds pdf. When the investment income that an insurer earns from holding policyholders funds the float is taken into account, a combined ratio in the 106 110 range typically produces an overall breakeven result, exclusive of earnings on the funds provided by shareholders. Warren buffetts berkshire hathaway hailed as the no. Tilson piles into his best ideas, so the fund typically keeps more than 70% of its assets in its top10 holdings. Whitney tilson on the rise and fall of kase capital. Why berkshire hathaway is the top retirement stock to own. The former t2 partners llc manages three valueoriented private investment partnerships, t2. Manager whitney tilson is a deepvalue investor who seeks firms trading at big discounts to his estimate of their future cash flows. Weve come across a lot of resources as of late from whitney tilson and glenn tongues hedge fund, t2 partners.
Below you will find their indepth presentation on the bullish prospects for shares of warren buffetts berkshire hathaway brk. Applying behavioral finance to value investing by whitney tilson t2 partners llc. He has coauthored several books on investing including poor charlies almanack. The hedge fund founder explains why his fund was sucking the joy out of his life and why hes turning its failure into a teachable moment. Understanding these traits not only helps you identify exemplary professional money managers, but may also help you understand. I bought these 2 stocks after warren buffett explained why he didnt buy them. Berkshire stock a dollar for 75 cents t2 partners founder and tilson focus manager whitney tilson on his valuation for top holding berkshire hathaway. Whitney tilson is the founder of kase learning and foundedran kase capital management for nearly two decades. Raj is an mba student at johnson graduate school of management at cornell university graduating in may this year. In a new presentation, tilson asserts that berkshire hathaways a shares could. Whitney tilson is betting big on buffett and tech this former hedge fund manager and closely followed investor is putting his kids college funds in just five stocks. At least thats the message former hedge fund manager whitney tilson, who now runs empire financial research.
Former hedge fund manager whitney tilson has put his daughters college funds in just five stocks. Former hedge fund manager whitney tilson named berkshire hathaway nyse. Sit down with them and find out if they love the business or love the money. Whitney tilsons 2007 wesco annual meeting notes pdf. Tilson s firm, t2 partners, has run a similar strategy at its hedge funds since 1999. Notes from the berkshire hathaway annual meeting whitney tilson is back from the woodstock for capitalists. Whitney tilson has a new teaser pitch out for his entrylevel. The challenges facing hedge funds though hope is not lost, how his investing style. Whitney tilson praises berkshire hathaway stock dailyalts. Whitney tilson harvard business school club of ny december 4. Read the story of a fool who started from nothing, and looks to gain everything. Whitney tilson i buy investments that are so hated, you. Sep 28, 2017 hedge fund manager whitney tilson is reportedly shutting down his hedge fund at a time when industry assets are growing but returns continue to lag. The former firm manages three valueoriented hedge funds while the latter is comprised of two mutual funds, tilson focus fund and tilson dividend fund.
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