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.
Support MFO
Donate through PayPal
M*: Sequoia Fund Symbolizes What Was, But No Longer Is
One might note that John's argument - "it's all management by committee these days" - describes the small subset of large funds that Morningstar notices rather more than it describes the entire universe of funds.
Comments
David