S&C Messina Capital 2016 Letter: Value In Insurance

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rhargreaves@valuewalk.com
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S&C Messina Capital 2016 Letter: Value In Insurance To My Partners, As of December 31, 2016, the partnership was up 23.16% YTD versus 11.96% YTD for the S&P 500. This represents an outperformance of +11.20% YTD. As we outperformed the S&P 500 by more than 11%, we had a good year in 2016. However, we put little weight into our performance over such short time periods. Our goal remains the same: we wish to outperform the S&P 500 by at least 2% each year on an annualized basis over many, many years. Our performance in 2016 was driven by the…


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