Check Capital’s Private Program is a high-risk, high-return strategy that’s suitable for investors who can withstand extreme volatility and a possible permanent loss of capital. While the Private Program doesn’t require borrowed money, it does employ leverage through the use of stock options. Aggressive investors have found the Private Program advantageous for a percentage of their portfolio.
(Period Ending 12/31/18)
*Compound annual growth rates
For more information view the GIPS compliant presentation for the Private Program related to the graph above.
NOTES TO PERFORMANCE: Check Capital Management Inc. (“CCM”) is an SEC-registered investment adviser. The composite includes all fully discretionary separately managed accounts which follow the firm’s investment strategy, including those accounts no longer with the firm. Composite returns are presented net of a 10%-of-profits management fees. Private Program accounts generally don’t borrow money, but they do employ significant leverage through option positions. The accounts are usually very focused (concentrating on securities of three or less companies). The U.S. Dollar is the currency used to express performance. Past performance is not a guarantee of future results. The S&P 500 Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole.