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Chuck Jaffe's Money Life Show: Guest: Stephen Yacktman, Co-Manager, Yacktman Funds
@Ted Thanks. That was interesting. Their process continues to make long term sense to me. I recall a similar interview with Don Yackman in 1997 about the time I first invested in YAFFX. YAFFX is up about 510% since inception in 1997 while the S&P 500 is up about 365%. I currently plan to stick with it to see what the next 10 years brings.
@davfor: Unfortunately, with many fund investors, its what have you done for me lately. As soon a a fund turns south over a couple of years they start looking for reasons to dump it Both of the Yacktman Funds are in the 1 & 2 percentile for ten and fifteen years. For what its worth I owned Fidelity Magellan from 1972-1996. Regards, Ted
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Regards,
Ted