Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
A little humble pie,tax efficiency,and value perspective. "Although most fund managers, ourselves included, prefer to be evaluated using a time frame longer than one year, and ideally over a full market cycle, we know our ultimate goal is to both minimize capital loss as well as provide competitive returns, i.e. outperform peer funds and benchmarks, a goal we did not achieve in 2013" SEEDX annual shareholder letter. https://dl.dropboxusercontent.com/u/13183794/Shareholder Letters/Oakseed Opportunity Fund Shareholder Letter.pdf
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