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An Early Line On The M* Domestic Stock Fund Manager Of The Year
And most of those Vanguard funds are sub-advised by Primecap. I think Primecap has every fund, or possibly missing one, that they manage on this list. Its really amazing and I'm very happy that I invested in POAGX a few years ago. The performance has been outstanding and even though its more volatile than other funds it always ends up at the top of the list. I wish I had bought one or more of the Vanguard funds before they closed but those large cap funds just weren't on my radar back then and to some degree they still aren't. But I keep track of these funds because if and when they ever open again I'll be sure to stick my foot in the door.
In most cases, the only thing this does is provide positive publicity for the fund managers and marketing material for the companies. It is truly meaningless in the grand scheme of things, but it is one more way for M* to hoodwink people into believing it has all the answers.
@BobC, M* does have all the answers. Every single one of them. They argue every side of every question, they contradict each other, they have one rule for one situation and different rules for another situation. Amazingly, they're always right too!
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Regards,
Ted