GoodHaven Semi-Annual Report 2013

[Guest hellsten]

The latest GoodHaven semi-annual report is out…

GoodHaven_Fund_2013_Semi-Annual_Report.pdf

[nkp007]

I really like their style and the descriptive letter.

[jay21]

I really like their style and the descriptive letter.

 

Same with me.  And their 33% cash seems amazingly high for mutual fund to me.  I'll continue to watch these guys and maybe invest with them.

[fareastwarriors]

As of May 31, 2013, members, officers, and employees of GoodHaven Capital

Management, LLC, the investment advisor to the GoodHaven Fund, owned

approximately 175,189 shares of the Fund.

 

 

 

[Palantir]

Sigh, value investors sound so weak when talking about macro. These guys claimed to avoid paying attention to macro and yet couldn't help writing this.

 

 

Further, we are deeply skeptical that the world’s monetary authorities can

“quantitatively” ease their way to sound economic growth – not because we like

economic forecasting, but because history and mathematics – two powerful

bedfellows – appear to be on our side. If printing money were the answer to

economic ills, poverty would not exist, hyperinflation would never have happened

anywhere, and “garden variety” recessions and inflations would never be a future

concern.

 

::)

[Guest wellmont]

when writing a report there are worse ones to copy then LUK.

[texual]

I still prefer Fairholme, no matter how much these guys took a lot of Fairholme's style to their new fund, some of the investments just don't appeal to me like HPQ and the Gold miner... but hey they'll do just fine with their long term strategy. But they'll never be as cool as Fairholme!