Whitney Tilson Annual Shareholder Letter

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Whitney Tilson is the founder and Managing Partner of T2 Partners LLC and the Tilson Mutual Funds. The former (http://www.T2PartnersLLC.com) manages three value-oriented private investment partnerships, T2 Accredited Fund, Tilson Offshore Fund and T2 Qualified Fund, while the latter is comprised of two value-based mutual funds, Tilson Focus Fund and Tilson Dividend Fund (www.tilsonmutualfunds.com).

He is the author of More Mortgage Meltdown: 6 Ways to Profit in These Bad Timeswhich we reviewed here., and co-author of the best book on Charlie MungerPoor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger.

To see my lengthy interview with Whitney Tilson from earlier this year  click here.

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Below is Whitney Tilson’s T2 hedge fund annual letter. It contains a detailed analysis of his stock picks, the most famous being BP (disclosure I am long BP) which he bought at the height of the oil spill crisis. I actually got in the stock a few days before Tilson announced he was long the stock and have definately not regretted my decision.

Whitney Tilson T2 Accredited Fund Annual Letter-2010