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Shareholder Return Is Our “North Star”

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Rupert Hargreaves
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The idea of a real estate investment trust or REIT was first established in 1960 when Congress established the designation as an amendment to the Cigar Excise Tax Extension of 1960.

Q1 hedge fund letters, conference, scoops etc

Tom Gayner
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Since then, thousands of REITs have been created to meet investors for exposure to a diversified portfolio of property, although the track record of REITs is mixed, particularly for firms that specialize on one particular element of the real estate market.

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha