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Josh Brown: Caesar’s Wife Must Be Above Suspicion: Sequoia Fund
FYI: Caesar divorced Pompeia at once, but when he was summoned to testify at the trial, he said he knew nothing about the matters with which Clodius was charged. His statement appeared strange, and the prosecutor therefore asked, “Why, then, didst thou divorce thy wife?”
“Because,” said Caesar, “I thought my wife ought not even to be under suspicion.”
I don't think new taxable investors should buy this year(The 17+$ distribution iin june could be followed up by large distribution in Dec (we just don't know) but starting next year a new investment could work out I do think a focused fund is the best chance to out perform in the large cap category.For those interested, this months Money has an aricle on Sequoia , Fairholme and FPA Crescent ;all funds with a great long term record and poor short term record.Like David they are most enthusiastic about FPA Crescent but I think unlike David least enthusiastic about Fairholme except for vey long term investors (20+ years) About Fairholme they noted that the fund invested in Sears in 2005 and has not sold its position.
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I do think a focused fund is the best chance to out perform in the large cap category.For those interested, this months Money has an aricle on Sequoia , Fairholme and FPA Crescent ;all funds with a great long term record and poor short term record.Like David they are most enthusiastic about FPA Crescent but I think unlike David least enthusiastic about Fairholme except for vey long term investors (20+ years) About Fairholme they noted that the fund invested in Sears in 2005 and has not sold its position.