Arquitos Capital With 38.8% Annualized Returns Reveals Top Picks

Steven L. Kiel’s first letter to investors of Arquitos Capital Management included a reference to Warren Buffett’s early partnerships, which produced a return of around 25.3% per year for investors. At the time, Steven fully acknowledged that his firm would not be able to beat these returns, but he believed that by following Buffett’s advice, Arquitos would be able to produce attractive returns for investors. Five years on and Arquitos’ returns are not only attractive, but they make Buffett look like a rookie. Q1 2017 Letters According to the partnership’s first quarter letter to investors, Arquitos returned 17.6% net of…