Klarman letters (1995-2001)

[Guest dempster]

 

http://www.noisefreeinvesting.com/blog/?p=884

 

Special thanks to Miguel Barbosa, Joe Koster, Max Olson, David, and distressed debt investing for finding and compiling these in an easy to read format.

[frog03]

Thanks, very interesting.  From 1990 to 2001 Klarman seriously underperformed the S&P 500.  There is no question he beat the indices from 2001 till now but would be interesting to know by how much on a year to year basis.  Anybody got this information?

 

[MartinWhitman]

Thanks a lot!

 

Would anyone have access to the letters from 2002-2008 ? All I can offer is the 2003 letter...

[vishmitt]

Pls. mail the 2003 letter to vishmitt@yahoo.co.in

 

I have part of 2005 letter...

[CruiseTown]

Would love to see his 2001+ letters.

 

Wondering if anyone else has some insight into his performance.  His 10 year track record from 1991-2001 was pretty good about ~12% p.a. but this is no where quite near the 20+% that he is said to have achieved. Any thoughts?

 

Also noticed that he underperformed the market 7 out of 10 years (I do realize 1998-2001 were anomalies).

[dcollon]

Dempster,

 

Thanks very much for posting.  I look forward to reading them.

 

David