Cove Street Capital requires a modern browser to look and function properly. Internet Explorer stopped receiving updates in January 2020. Using it may cause display issues on our website, and put your own online security at risk. We highly recommend switching to a secure modern web browser such as Chrome, Edge, Firefox, or Safari.

If I look Hard Enough in This Field of Ponies, I am Bound to Find an Efficient Market

There is a relatively new top 5 Position. What is the value of the privately held portfolio? We paid for zero. The future remains uncertain – we don’t like paying a lot for it.

IAC Shareholder Letter

Read the full IAC Q1 2023 Shareholder Letter below.

 

Important Notice

You are now leaving Cove Street Capital’s website and entering Cove Street’s Mutual Fund website.