Over the past 10 years, Third Avenue Management returned 143.4% compared to 259.4% for the S&P 500 — underperformed the S&P 500 by 115.9%.
25.7%
S&P 500: 13.0%
72.3%
S&P 500: 85.6%
18.8%
S&P 500: 67.8%
143.4%
S&P 500: 259.4%