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Has a high price, but......anyone jumped into Cook & Bynum (COBYX)
I can only think that with asset growth the expense ratio should dwindle down some.....I exchanged a few emails with them and was very impressed. Very informative website as well. If anyone has invested in this fund, your perspectives/reasons would be much appreciated.
I am not a huge fan of sprawling portfolios, although I do hold one Fidelity growth fund, mainly because of its cost and manager........True, the fund is very concentrated, but the small collection of stocks is interesting, and I like to think (and have recently seen) that stock picking is not a lost art when performed by the right people with the right intentions. Maybe I am crazy, but index and so called active funds that are really hidden index funds capturing portions of the market is like paying people to not really apply any mental agility to investing, and yes, I know, the costs are generally lower, but what are you really paying for? Transactions?
It's kind of interesting in terms of highly concentrated approach, but I'm not really seeing anything compelling in terms of stock selection/performance. Their large holding in Wal-Mart and Wal-Mart De Mexico (those two make up about 20% of the fund) did not fare well today. Not trying to be harsh or anything, I just am not getting the appeal.
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