Should You be Confident in the Growth Prospects of Credit Acceptance (CACC)?

Investment management company Curreen Capital released its fourth quarter 2024 Investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 5.71% compared to 2.41% for the S&P 500 Index and -0.09% return for the MSCI World (US Gross). In 2024, the fund returned 7.72% underperforming 25.05% and 19.02% returns for the indexes. The firm believes that the underperformance in 2024 was affected by the same problems that affected the fund’s performance...