On Concentration And Berkshire Hathaway

On Concentration And Trading Berkshire [munger] As ValueWalk reported earlier this month, Whitney Tilson’s hedge fund Kase Capital, lost 4% in the first quarter and dropped 7.3% in 2015 according to the fund’s full-year 2015 letter to investors. Whitney Tilson Down 4% In Q1, -7% In 2015; Lumber Liquidators Is Biggest Short In the letter, Tilson acknowledges that 2015 was a disappointing year for the fund. After two solid years of performance (+16.6% in 2013 and +13.7% in 2014) by the end of 2015 almost half of the gains booked in 2014 had been wiped out. And the biggest lesson…