Trapeze Asset Management 2014 Letter – Proceed With Caution

Eddie Lampert's 2015 Letter to Sears Holdings Corp (SHLD) Investors

It Looks Like Ken Heebner Closed His Disastrous UST Short Trade

Baupost Details Risk Management, Hedging In Q4 Letter

Warren Buffett 1965 Letter

Denali Investors = Value + Special Situations + Hedges

Warren Buffett's Berkshire Hathaway Notes From 1965-2013

Crispin Odey "I Am Amazed To See So Many Are Fully Invested Given That Equities Are Already Fighting The Downtrend"

Cheyne Funds Wrap Up 2014 With Strong Sharpe Ratio; 18% Return

Bretton Funds 2014 Annual Letter – Big Banks

Patient Capital Management: So Much For Peak Oil!

First Eagle Global Value On A Gloomy Macro Picture

Allan Mecham Unloads Berkshire; Bets On Outerwall

Crispin Odey "There Is Really No Place To Hide"

After 66% Return In 2013, Denali Investors Up 19% In 2014

East Coast Q4 Letter: Twenty-Four Lessons I Learned From Andrew Carnegie

Allan Mecham On The Bullish Case For Sony And Alleghany

Morgan Creek Q4 Letter – Reflexivity: The Virtuous & The Vicious

Gator Capital H2 2014: Municipal Bond Insurers in Run-off

Allan Mecham’s Arlington Value Capital 2014 Annual Letter