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Whitney Tilson’s T2 Partners 2011 Investor Letter

T2 PARTNERSDear Partner,

We hope you had wonderful holidays and wish you a happy new year!In each of our annual letters we seek to frankly assess our performance, reiterate our core investmentphilosophy, and share our latest thinking about various matters. In addition, we discuss our 15 largestlong positions and so you can better understand how we invest, what we own and why, and why we haveso much confidence in our fund…

(Click here to see the full letter in Scribd)

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