[Bloomberg]: A Fund That Invests Like Buffett

Kenster1_GlobalValue

“Put all of your eggs in one basket and then watch that basket,” Warren Buffett says. In other words, if you want to beat the market, focus your efforts on a concentrated portfolio of stocks whose businesses have been analyzed as thoroughly as possible to screen out any chance of a blowup.

Few follow this maxim as diligently as Scott Moore. The founder of Nuance Investments in Kansas City normally holds 15 to 35 stocks. Such concentration should make investing more volatile, as individual stock blowups have a greater impact on returns. Yet since he began running private accounts in this style in November of 2008, four months before the stock market hit bottom, he's delivered a cumulative 182.5 percent return to the S&P 500’s 114.9, with 10 percent less volatility.

In May of 2011 Moore launched a mutual fund -- Nuance Concentrated Value (NCVLX) -- with an identical strategy.

http://www.bloomberg.com/news/2013-12-27/a-fund-that-invests-like-buffett.html

STB65

Interestingly, M* has his fund exceeding the S&P by 1.48 over life of fund, which, coicidentally, is his expense ratio.

Ted

Reply to Kenster1: Nice find! I've always favored concentrated or sector funds for enhanced returns, although there is greater volatility not to be confused with risk . Can you say PRHSX
Regards,
Ted

M* Snapshot Of NCVLX: http://quotes.morningstar.com/fund/f?t=NCVLX