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You Really Want To Pick Stocks ? Think About Following These Guys
FYI: There’s a market-stomping mutual fund you’ve probably never heard of. Between 1970 and March 31, 2014, it averaged a 14.67 percent annualized return. That will double your money about every five years. Those investing $10,000 at its inception would have nearly $4 million today. It’s called the Sequoia Fund. It walloped the S&P 500 by nearly 4 percent annually for 44 years. Regards, Ted http://assetbuilder.com/andrew_hallam/you_really_want_to_pick_stocks_think_about_following_these_guys
I dislike articles like this, when the current manager goes back only to 1998. It's a famously great fund, sure, but since summer '98 it has been significantly outperformed by FCNTX, GABEX, AMANX, PRBLX, and YACKX / YAFFX, although it's rated to have lower risk (and even that's not true if you compare across 07-11 for dip protection, except for outdoing Gabelli). Doubtless there are others. Feh and meh, I say.
Comments
It's a famously great fund, sure, but since summer '98 it has been significantly outperformed by FCNTX, GABEX, AMANX, PRBLX, and YACKX / YAFFX, although it's rated to have lower risk (and even that's not true if you compare across 07-11 for dip protection, except for outdoing Gabelli). Doubtless there are others. Feh and meh, I say.
Regards,
Ted
http://performance.morningstar.com/fund/performance-return.action?t=SEQUX®ion=usa&culture=en-US