The Tilson Kids Are Going To Binghamton

Or Purchase or Oneonta, if that’s the way they roll.
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By Whhalbert (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

By Whhalbert (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

Since shuttering his hedge fund last year, Whitney Tilson has found himself with a great deal of free time on his hands. And he has put it to good use: For example, running a sleep deprivation experiment on himself. Where he’s been perhaps less-than-successful is finding remunerative ways to spend his time, which he needs, because he’s not exactly Ray Dalio or George Soros, having never managed more than $200 million at any time. Unfortunately for his children, the consequent combination of boredom and financial need has led him to a new experiment, involving their futures.

Former hedge fund manager Whitney Tilson is confident enough in his investing abilities that he’s included just five stocks in his children’s college-savings portfolios.

In an email last night, Tilson outlined his strategy for the accounts: 50 percent in Berkshire Hathaway Inc., 25 percent in real estate company Howard Hughes Corp., and 25 percent “evenly split” among Amazon.com Inc., Alphabet Inc. and Facebook Inc. (or three of the five members of FAANG).

Now, this could work out spectacularly, and Tilson’s three daughters could have the ability, should they so choose, to follow their father’s footsteps to Harvard and Harvard Business School, or some similarly bank-breaking path, with a tidy sum left over. Or it could work out like Kase Capital did at the end, only in a concentrated kind of way, and they’ll be choosing which scenic corner of New York State they’d like to spend four long, snowy years while Dad peddles real-estate to pay for used textbooks.

Former Hedge Fund Manager Whitney Tilson Puts His Kids’ College Savings Into Just Five Stocks [Bloomberg]

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Whitney Tilson Was As Surprised As You Are To Learn That He Was Long Netflix On The Way Up

NFLX is up 75% year to date so you probably assumed that Whitney Tilson had gotten rid of it sometime last year. You were not alone: We thought it was a little strange when Whitney Tilson and Glenn Tongue's hedge fund T2 Partners' latest 13F came out earlier this week and Netflix wasn't included. We sent the hedge fund manager an email to find out why and there's now a corrected version of the fund's regulatory filing out. It turned out, it was just an error. As of December 31, 2011, T2 Partners had combination of 89,771 shares and 81,000 call options in Netflix, according to the updated 13F. Here's Why Whitney Tilson's 13-F Didn't Have Netflix In It When It Came Out [BI]