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59-Page Presentation From Under-the-Radar Hedge Funder Kian Ghazi

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We met Kian Ghazi at the 2012 Value Investing Congress. Ghazi’s hedge fund returned 58% cumulatively between its inception and the end of 2010, vs. 30% return for the S&P 500 index during the same time period. However, he lost 12% in 2011. Below is a presentation of his current best investment idea:

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