Over the past 10 years, Third Avenue Management returned 133.1% compared to 259.4% for the S&P 500 — underperformed the S&P 500 by 126.3%.
18.3%
S&P 500: 15.8%
59.9%
S&P 500: 82.7%
21.0%
S&P 500: 79.0%
133.1%
S&P 500: 259.4%