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Longleaf Partners 2011 Letter to Shareholders

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Mason Hawkins comments on Chesapeake Energy (CHK), Loews (L), Dell (DELL), Aon (AON), DirecTV (DTV), TW Telecom (TWTC), Lamar Advertising (LAMR), Madison Square (MSG), ACS, Fairfax (FFH), Philips and Carrefour (CA).

Long Leaf Report to Shareholders

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