From Whitney Tilson:
I hosted a webinar yesterday in which I gave a brief overview of the economy and the housing market, what worries us, our view of the stock market, and the opportunity in large-cap blue-chip stocks today. I then disclosed our 12 largest long positions and discussed three of them: Berkshire Hathaway, J.C. Penney, and Netflix. During the Q&A, I answered questions on why we’re bullish on the U.S. financial sector and, in particular, Citigroup and Goldman Sachs; why we share Kyle Bass’s bearish view on Japan; and why we don’t own Apple.
Yarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund Read More