This document is a performance summary letter from Clifford Sosin of CAS Investment Partners, LLC, dated January 14, 2019. It provides a detailed performance analysis of Sosin Partners, LP compared to the SPY ETF from 2012 to 2018. The letter discusses investment strategies, the importance of long-term compounding, and the decision-making process regarding cash holdings and market timing. It includes a story about a businessman named Bill to illustrate investment principles. The letter concludes with administrative disclosures and a call for like-minded investors.
documents/EFTA00295562.pdf
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