Over the past 10 years, Third Avenue Management returned 166.1% compared to 253.5% for the S&P 500 — underperformed the S&P 500 by 87.4%.
31.2%
S&P 500: 22.6%
57.0%
S&P 500: 72.4%
42.7%
S&P 500: 74.2%
166.1%
S&P 500: 253.5%