(Disclaimer: I've been a shareholder in the flagship Longleaf Partners Fund since late 2008)
I'm not a big fan of the mutual fund industry which suffers from inferior talent, high expenses, closet indexing, and an obsession with relative returns. I've easily eliminated over 99% of the thousands of mutual funds out there from investment consideration, but funds such as Longleaf Partners (run by Southeastern Asset Management) have made it to my final list.
Longleaf's annual presentation is available at http://www.longleafpartners.com/news/annual_presentation_2011.cfm, and is well worth listening to.
I'm not a big fan of the mutual fund industry which suffers from inferior talent, high expenses, closet indexing, and an obsession with relative returns. I've easily eliminated over 99% of the thousands of mutual funds out there from investment consideration, but funds such as Longleaf Partners (run by Southeastern Asset Management) have made it to my final list.
Longleaf's annual presentation is available at http://www.longleafpartners.com/news/annual_presentation_2011.cfm, and is well worth listening to.
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