Passport Capital Q3 Letter

[Swizzled]

 

Not sure if anyone here follows.  I find Burbank fascinating as he went from nothing to managing a very large fund in a pretty short amount of time.

 

Here is a recap of his thinking and positioning at the end of Q3

 

http://valueinvestorcanada.blogspot.com/2010/12/passport-capital-q3-investor-letter.html

[stahleyp]

I'm not familiar with the fund. I notice they have a good 10 year track record. How was their record before the mortagage mess?

 

Were they flat and had a 1000% return and that makes their whole track record or what?

 

 

Thanks for posting this though!