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5 Stock Funds You’ll Want To Own In The Next Bear Market
FYI: The six year bull run in U.S. stocks has caused some value funds to stash some of their portfolios in cash. While this has crimped their short-term performance, the funds’ long-term results remain robust. Such good long-term performance should inspire confidence in the managers, given the current market conditions. Regards, Ted http://www.marketwatch.com/story/5-stock-funds-youll-want-to-own-in-the-next-bear-market-2015-04-27/print
Similarly, the Yacktman Fund’s board sued its manager, Don Yacktman, in the late 1990s. According to the board, Yacktman didn’t adhere to the fund’s charter. He, like manager Steve Romick at FPA Crescent, avoided technology stocks. Yacktman won the case, kept his fund together, and went on to be proven right about avoiding technology stocks. Yacktman Focused’s 15-year record is the best of the bunch, bumping up against 13% annualized.
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Similarly, the Yacktman Fund’s board sued its manager, Don Yacktman, in the late 1990s. According to the board, Yacktman didn’t adhere to the fund’s charter. He, like manager Steve Romick at FPA Crescent, avoided technology stocks. Yacktman won the case, kept his fund together, and went on to be proven right about avoiding technology stocks. Yacktman Focused’s 15-year record is the best of the bunch, bumping up against 13% annualized.