I have shares in a Third Avenue Fund. A month ago (or so) I received the quarterly "Letters to Our Shareholders," a 20-page pamphlet that lays out the Fund's quarterly activity. This is the second I've received - and it is the only quarterly report I read. leisurely, over several days.
The second quarter letter was written by Martin J. Whitman and Curtis R. Jensen. Martin is Chairman of the Board, Co-Chief Investment Officer and a portfolio manager. Curtis is Co-Chief Investment Officer and a portfolio manager. The letter is incredibly shareholder friendly while not "dumbing down" the message they want to get across. I can't help but wonder if they write it themselves, or if they have a ghostwriter.
In any event it's a joy - yes, a joy I tell you - for me to read, and oh yeah: educational too.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment