Below please find T2 Partners' Q1 2011 letter (technically its their monthly letter but seeing as how it covers the end of Q1 I have labeled it as such). Hat tip to marketfolly for posting the letter so quickly.
Performance was down -4.3% in March and -3.1% for the year. This trails the S&P 500, which is up 5.9% in 2011. They do briefly address the Sokol situation and Berkshire Hathaway (which they are shareholders of).
Without further delay...enjoy.
T2 Partners - 4-4-11