The Vilas Fund’s Q1 2019 Investor Letter

Vilas Capital Management is a value manager launched in 2010 by Mr. John C. Thompson, a Chartered Financial Analyst. He has been its CEO since inception. Before launching his own fund, Mr. Thompson was President and CIO of Mortgage Assurance Corporation (now NMI Holdings, Inc.), which he also founded (in 2009). He also honed his investment acumen at Thompson Investment Management, Inc, as CIO and Vice President, and as a portfolio manager at Thompson Plumb Growth fund, among other...