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How T. Rowe’s Larry Puglia Beat the S&P Over 28 Years
Very impressive results: “Through April 30, the $102 billion Blue Chip Growth had returned an annualized 12.2% during his tenure, versus the S&P 500’s 10.5%”
I wonder if you took ER/fees into account... how those net results would look vs the index.
In the story, he spoke highly of indexing. Interesting.
Easy David... I read the Barron’s story and didn’t just assume that it was net of expenses when most are. I’ve read many stories that ignore expenses even though reported return should always be net of expenses. . So yes it looks like it’s net of fees and backs up my first 3 words “Very impressive results”. Cheers to you.
Comments
I wonder if you took ER/fees into account... how those net results would look vs the index.
In the story, he spoke highly of indexing. Interesting.
Why on earth would you think the comparison did NOT take those into account? Seriously.
http://performance.morningstar.com/fund/performance-return.action?t=TRBCX®ion=usa&culture=en-US
For 15y it's 12.8% vs 10.3%
(LG is 11.2% fwiw)
Stuck with growth and avoided the worst of drops (sounds so easy)