Whitney Tilson - T2 Partners LLC
Whitney R. Tilson is the Founder and a Managing Partner of T2 Partners LLC, which manages three private investment partnerships and the Tilson Mutual Funds. He is Co-Editor-in-Chief of Value Investor Insight. Tilson has been a guest on Lou Dobbs Moneyline and Wall $treet Week, has been profiled by the Wall Street Journal and is a regular columnist for Kiplinger's. He is the Co-Founder and Chairman of the Value Investing Congress.
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Articles
Whitney Tilson's Lesson on 13Fs and Updated InterOil Position
Seeking Alpha - 8.23.10
Whitney Tilson, hedge fund manager of T2 Partners recently commented on the latest round of SEC 13F filings and how people tend to misread them. We thought this was an excellent time to continue our impromptu lessons on 13F filings that we started Tuesday. Today's topics? Discerning net exposures in positions and distinguishing when ownership of common stock is not necessarily a long position.
Why We Like BP's Stock and 2 Other Comeback Picks
Kiplinger's - 09.2010
Staying within your circle of competence is a central tenet of value investing. It's clear that you're more likely to succeed by investing in situations, companies and industries you know well rather than by dabbling in the unfamiliar. Over the years, however, we've seen many instances in which investors -- either because they're overconfident or because they're searching for "hot" new ideas -- swing at pitches outside of their investing strike zone. As in baseball, the results are often disappointing.
T2's Tilson Makes the Case For Blue Chips
StreetInsider - 07.21.10
In a recent presentation, Whitney Tilson of hedge fund T2 Partners made the case for three big-cap blue chip stocks: Anheuser-Busch InBev (NYSE: BUD), Microsoft (Nasdaq: MSFT) and BP (NYSE: BP).
Our Favorite Short Sales
Kiplinger - 08.2010
We focus on classic value investing on the long side, but we also remain committed short sellers for two primary reasons. The first is simple: We believe it's a moneymaking opportunity. The market often overvalues certain companies, and we can profit when their valuations return to earth. In addition, shorting remains an excellent tool for hedging against risk—particularly in a market trading at a 20% premium to historical valuation levels despite significant areas of concern, such as the housing market and sovereign debt risk.
Be Greedy When Others Are Fearful
Forbes - 04.22.10
Whitney Tilson, managing partner of T2 Partners spoke with Wallace Forbes about following in Warren Buffett's steps regarding being greedy when others are fearful and fearful when others are greedy.
T2 Partners: Long and Short Positions March 2010
Seeking Alpha - 04.06.10
Whitney Tilson and Glenn Tongue's hedge fund T2 Partners was up 4.6% for March and is up 10.1% year-to-date for 2010. In T2's brief March investor update letter posted below, we get a glimpse as to how some of its portfolio positions are faring.
Why Companies Stumble
Kiplinger - April, 2010
Whitney Tilson and John Heins write why failure is more likely to result from corporate overreaching than from complacency.
Whitney Tilson: Stock Market Valuation Level is Stretched, But Not a Good Time To Short Either
GuruFocus - 03.09.10
Today marks the anniversary of the 2009 March 9 market low and apparently people think that is significant. Whitney Tilson managing partner T2 Partners went to CNBC to discuss what is ahead for the stock market.
The Best Investor You've Never Heard Of
Motley Fool - 03.02.10
T2 Partners is a small fund run by Whitney Tilson, a guy I've had the great fortune of meeting a few times. Tilson and his team are hard-nosed value hunters with a proven knack for finding investment opportunities where very few are willing to tread. We're talking special situations, spinoffs, stock warrants, and even companies in bankruptcy.
Whitney Tilson's T2 Partners Letter: February 2010
Market Folly - 03.02.10
Whitney Tilson and Glenn Tongue are out with their latest investor letter from their hedge fund T2 Partners. In the February letter, we learn that T2 Partners' fund was up 7.0% for February and is up 5.3% year-to-date for 2010 compared to a -0.6% return for the S&P 500. Since inception, their T2 fund has returned 240.9% gross and 175.4% net. We've also recently posted up T2's annual letter which is full of details regarding their positions and their investment outlook. Additionally, we've posted T2's investment outlook and presentation of 3 stock ideas.
Buy and Hold Is Risky
Whitney Tilson and John Heins
Kiplinger's - March 2010
In its August 14, 2000, issue, Fortune went out on a limb with an article titled “10 Stocks to Last the Decade.” The story described a “buy and forget” portfolio meant to capitalize on overarching trends the magazine predicted would dominate the next ten years. It recommended two companies in each of four categories -- media (Viacom, Univision), finance (Charles Schwab, Morgan Stanley), technology (Broadcom, Oracle) and telecommunications (Nokia, Nortel) -- as well as Genentech and, ahem, Enron.
Jacob Wolinsky Interviews Famous Value Investor Whitney Tilson
ValueWalk - 03.01.10
Whitney Tilson was kind enough to devote several hours of his time to let me interview him. I asked him a variety of questions including value investment philosophy, specific stock holdings, and his opinion on the housing market and the economy.
Our conversation is below (note that this is not an exact transcript, but rather my notes from our conversation):
Jacob Wolinsky Interviews Famous Value Investor Whitney Tilson
ValueWalk - 03.01.10
Whitney Tilson was kind enough to devote several hours of his time to let me interview him. I asked him a variety of questions including value investment philosophy, specific stock holdings, and his opinion on the housing market and the economy.
Our conversation is below (note that this is not an exact transcript, but rather my notes from our conversation):
Whitney Tilson: Berkshire Hathaway is Bargain of 80 Cents on a Dollar
GuruFocus - 02.27.10
Whitney Tilson of T2 Partners was in an interview with CNBC's Melissa Lee and the Fast Money traders. In the interview, Whitney stated that Berkshire's quarterly earning may come in about $4 billion while the analysts were look for about $2 billion.
T2 Partners Presentation: General Growth Properties (GGWPQ), Iridium (IRDM) & Berkshire Hathaway (BRK.A)
Market Folly - 02.08.10
Recently, Whitney Tilson and Glenn Tongue's hedge fund T2 Partners gave a presentation at the Boys and Girls Harbor Investment Conference that took place on February 3rd, 2010. Their presentation included a look at the macro situation and three stock picks: Berkshire Hathaway (BRK.A), General Growth Properties (GGWPQ), and Iridium (IRDM).
Whitney Tilson Valuates Berkshire Hathaway at $142,500 Per Share
GuruFocus - 02.01.10
Whitney Tilson published a comprehensive valuation for Berkshire Hathaway in the Tilsonfunds website. In short, he demonstrated that Berkshire Hathaway has $92,500 of investments for each A share and $5,000 of pre-tax EPS excluding all income from investments.
Hedge Fund T2 Partners' Berkshire Hathaway Analysis
Market Folly - 02.01.10
Whitney Tilson and Glenn Tongue's hedge fund T2 Partners has put out their annual letter. In this latest letter to investors, they address the macro environment, talk about how their portfolio fared, and discuss their largest long and short positions.
Whitney Tilson's Hedge Fund T2 Partners: Annual Letter
Market Folly - 01.29.10
Whitney Tilson and Glenn Tongue's hedge fund T2 Partners has put out their annual letter. In this latest letter to investors, they address the macro environment, talk about how their portfolio fared, and discuss their largest long and short positions.
Whitney Tilson: I'm Shorting The Hell Out Of Homebuilders
Because America Won't Need Any Homes For Years
Business Insider - 01.22.10
Whitney Tilson makes a pretty simple, yet solid point against U.S. homebuilders. The U.S. has a massive oversupply of housing right now, as evidenced by the collapse of housing prices. Millions of additional foreclosures are on the way as well.
Cribbing From the Best
Whitney Tilson and John Heins
Kiplinger's - February 2010
Successful investors prospect for new ideas in a wide variety of ways. They scour databases for undervalued companies. They tap industry contacts for early signs that things are getting better for a company or a sector. They read voraciously and draw from deep experience to see patterns and opportunities that others are missing. For some savvy practitioners, a fertile source of investing ideas is to look at what other smart investors are doing.
Inflation may be coming. Time to look for a hedge.
Whitney Tilson and John Heins
Value Investing World - 01.04.10
Because inflation hasn't afflicted America in some 30 years, it's worth reviewing what rising prices might mean for stock investors. In a 1977 article on the subject in Fortune, Warren Buffett went to great lengths to disabuse shareholders of the notion that they could skate through inflationary times unscathed. He wrote that companies have little ability to improve returns on capital when inflation is high, so investors aren't willing to pay as much for each dollar of corporate earnings.
Long and Strong
Whitney Tilson and John Heins
Forbes - 12.31.09
Long-term value investing is going out of style. The average holding period for a stock on the New York Stock Exchange today is six months, down from 5 years 30 years ago. The chanting of "buy and hold is dead" has gone from a whisper to a scream among financial advisors and investors.
Go "All-In" On The Safest, Most Solid Plays You Can Find
The Business Insider - 11.10.09
Whitney Tilson appeared on Bloomberg earlier and talked about the investment strategy of T2 Partners. First, they go on the offensive when certain sectors are just hitting the bottom.
Videos
The Value of Value Investing
CNBC Squawk Box - 09.01.10
How to make money in a tough market, with Whitney Tilson, Tilson Mutual Funds.
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Jobs in America
CNBC Squawk Box - 09.01.10
Anticipating the results of the ADP report, with Whitney Tilson, T2 Partners; Andrew Ross Sorkin, New York Times; and Gary Kaminsky, CNBC contributing editor.
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BP Is Just Too Cheap, Says Widely Followed Hedgie
CNBC - 06.8.10
WShares of BP are simply "too cheap" for Whitney Tilson of T2 Partners, who on Tuesday's Fast Money revealed that the oil company is his latest long position.
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School Reform
WSJR - 05.20.10
Whitney Tilson on Wall Street Journal Report talking about
school reform
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The Next 12 Months: Hedge Funds
CNBC - 03.09.10
An outlook for the year ahead, with Whintney Tilson, T2 Partners managing partner.
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Now You Can Buy Buffett
CNBC Fast Money - 01.19.10
Is not the time to buy Buffett's B shares on a split? Insight with Whitney Tilson, T2 Partners managing partner.
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On Kraft's Battle for Cadbury
CNBC - 01.05.10
Whitney Tilson of T2 Partners weighs in on Kraft's potential acquisition of Cadbury.
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Analyze This: Buffett
CNBC - 11.03.09
Discussing Buffett's latest buy, with Whitney Tilson, T2 Partners.
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Bull Market or BS?
CNBC - 10.19.09
A check on where the markets are headed, with Whitney Tilson, T2 Partners managing partner.
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