Investor Letters
Alan Howard BH Macro Global 2015 Letter – Volatility Ahead
Farnam Street Investments January 2016 Client Letter: Yarak, Profit First, and Automation
Steve Romick's FPA Crescent Fund Q4: In Bull Markets “Smarter” are those who invest in the most financially-leveraged entities
Dodge & Cox Stock Fund 4Q15 Commentary
Blue Tower Asset Management 4Q15 Commentary – Losses On ENVA, EZPW, NICK
Barac Value Fund 4Q15 Commentary
Pershing Square Annual Presentation: Valeant (VRX) Mistakes And More [Slides]
FPA Capital Fund [UPDATED]
Donville Kent: The Pendulum Is Swinging For The Next Bull Market – Valeant
Longleaf Partners 4Q 2015 Commentary – Hit Hard On Chesapeake Energy, CONSOL Energy
Emerging Value Capital Management December 2015 And Annual Letter
Seth Klarman: Now's Not The Time To Give Up On Value
Seth Klarman: Now’s Not The Time To Give Up On Value
Alluvial Capital Management 4Q15 Letter To Clients: Long Paul Mueller Company, Regency Affiliates, Moleskine SpA
Ariel Appreciation Fund 4Q15 Commentary
Klarman "Catching Knives" Experiences Rare Yearly Loss, Looks Forward
Austin Value Capital December 2015 Commentary: Book Value – Price And Returns
Horizon Kinetics 4Q15 Commentary: An Important Time; The Dangers Of ETFs
