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FYI: (Click On Article Title At Top Of Google Search) Primecap fund managers consistently turn out terrific performance, yet are famously media-shy. Barron’s examines the firm’s success. Regards, Ted https://www.google.com/#q=Primecap+in+the+Spotlight+Barron's
It's revealing when the fund companies you truly admire can be counted on the fingers of one hand. VPMCX was the first fund I ever owned, when the first company I worked for, which was based in King of Prussia PA offered this Primecap fund to employees. I remember at the time it was considered very adventurous and certainly not a conservative choice. I also remember not having any clue as to what I was doing.
hi randynevin, it was actually prior to the company offering a 401K, but was a part of an employee profit sharing account if I remember correctly, which eventually rolled into a 401K. I don't have the original paperwork on this, but I believe it was 1986 or 87....seems like such a long time ago.
I wonder if they are for sale again - this article reads like a 'promo' for a company that doesn't like publicity ......... if they sell out, hope it is to a good company. I will hate to sell out of POAGX.
"THE VANGUARD RELATIONSHIP was critical, because it gave Primecap patient, sticky capital from the get-go. In 1998, when Schow was 70, Primecap briefly put itself up for sale. The bids reportedly came in too low, and there was concern that Vanguard might pull its assets if Primecap were sold to a rival."
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"THE VANGUARD RELATIONSHIP was critical, because it gave Primecap patient, sticky capital from the get-go. In 1998, when Schow was 70, Primecap briefly put itself up for sale. The bids reportedly came in too low, and there was concern that Vanguard might pull its assets if Primecap were sold to a rival."