The document is a performance summary letter from Clifford Sosin of CAS Investment Partners, LLC, detailing the performance of Sosin Partners, LP. The letter includes a performance table comparing Sosin Partners, LP to the SPY ETF from 2012 to 2018, showing significant gains for Sosin Partners. Clifford Sosin discusses the investment strategy of CAS Investment Partners, emphasizing value investing over low multiple investing. The letter also mentions the addition of a new position in the portfolio and provides administrative disclosures about Sosin's personal investment in the partnership.
documents/EFTA00295545.pdf
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