Fannie Mae-No Politics (FNMA)

[capitalismforever]

Whitney Tilson's Kase Capital Fund has produced an averaged annual return of 5.64%. Not the kind of impressive investment returns that garners serious attention. Putting that into perspective, the average long term rate of 30 Year T-Bills is 7.01%. He barely beats the S&P 500. Yet, I've rarely heard him state that his investments weren't worth at least 4 - 10x his purchase price. His only problem: none of them ever are. If he's highly regarded, it's only in regards to his average return being sub-par. He certainly isn't looked upon with such adulation by his peers.




Source: http://www.valuewalk.com/wp-content/uploads/2017/02/Kase-Fund-annual-letter-2016.pdf