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Tuesday, Dec 25 2012 by

Another little tidbit that I culled from my old Circle posts from 23 Jul 2011:

Maybe Whitney Tilson is not the investing genius I thought he was. During the period from 26 Jan 2007, the date his Tilson Focus fund started, his fund is down 7.6%, compared with 6.0% of the S&P 500.

Update: since inception, his fund is down 35.2%, compared with S&P 500 of being down only 0.3%. Morningstar give him a rating of one star, classifying his return as low and his risk as above average. YTD, the S&P 500 has been doing great guns, up 13.4%, compared with Tilson Focus down 9.9%. I can only surmise that Tilson isn’t copying his pals Ackman and Einhorn enough.

His second biggest holding is IRDM (Iridium) was discussed recently by John Chew, a truly outstanding blog that is about investor education than share tips. Here’s a snippet from his post:

A hedge fund made a case for investing in IRDM’s growth, but we made the case that true capital expenditures were not being accounted for and thus true owner earnings were being overstated.  I repeat this case since the concept of true MCX is so important.  Look at the lost opportunity cost for this hedge fund.


Filed Under: Value Investing,

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As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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About Mark Carter

Mark Carter

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I am a private investor living in Scotland. I am a computer programmer by trade.


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