Below please find Mason Hawkins' Longleaf Partners Q1 2011 letter. Longleaf is a well run mutual fund that has a fantastic long-term record. In the letter they discuss how their insurance holdings illustrate one of their major advantages in generating superior long-term returns, how rising energy prices are affecting certain key holdings, and why they’re finding more opportunities today outside the U.S. than in it.
Enjoy.
Southeastern - Q1'11
No comments:
Post a Comment