FYI: By most measures, 50 years is a long-term investment horizon. The past 50 years have seen wars in Vietnam, Iraq and Afghanistan, the invention of the internet and the first man on the moon. They have also seen nine declines in the Dow Jones Industrial Average of 20% or more.
So which funds have done the best, and what do they have in common? Never underestimate the power of having a great manager or a great investment process for the long term. Here you’ll see eight long-term winners and two long-term losers in the past half-century.
Regards,
Ted
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