Vilas Capital 3Q18 Letter: Tesla’s Deep Troubles & Economic Outlook

Had a good quarter, rising 55.1% from 6/30/18 to 9/30/18 However, YTD return of 3.2% is below the index’s return of 10.6% Top 10 holdings, in order of size, are Walgreens, Citigroup, the Tesla short, NMI Holdings, Barclays, Viacom, Honda, State Street, CVS, and McKesson Tesla The drama with Tesla will hopefully be over in […]

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David Einhorn’s 2Q18 Letter: Brighthouse Financial, GM, and Short Tesla & Athenahealth

Another difficult quarter and lost an additional 5.4%, bringing year-to-date loss to 18.3% Environment for value investing has been tough. AllianceBernstein recently reported that value investing strategies are performing in the bottom one percentile since 1990 In the past 18 months, Russell 1000 Pure Growth index has outperformed the Russell 1000 Pure Value index by […]

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