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Posted by team3m on January 10, 2007, 12:18 am
I guess you drive backwards staring at the rearview mirror? Lemme
guess, your spanish.
The spanish invented toilet seats. The english invented the hole.
Don Tiberone wrote:
> FAIRX
>
> Only had one down year in 2002. And even then, down only a couple percent.
> The fund is concentrated only in about 15 stocks or so. It might seem risky
> or volatile but looking at their quarter by quarter performance compared to
> other mutual funds, the fund seems much less volatile. The biggest down
> quarter they've had is only 6% compared to many funds that have multiple
> double digit declines in any given quarter. Part of the reason, they always
> have a huge cash position and they use it wisely. They also have about 14%
> in Berkshire Hathaway. Over the years, I believe they've had as much as 20%
> or so in Berkshire. So this is a good indirect way to get into Berkshire
> considering how much money you need just to buy one freakin share of
> Berkshire. Of course, the fund has easily outperformed Berkshire over the
> past 6 years, not to mention the rest of the markets and the majority of
> other funds.
>
> --
> "Know the enemy and know yourself; in a hundred battles you will never be in
> peril. When you are ignorant of the enemy, but know yourself, your chances
> of winning or losing are equal. If ignorant both of your enemy and yourself,
> you are certain in every battle to be in peril."
>
> -- Sun Tzu
>
> "For Faust, the lure of Mephistopheles' services is greatly enhanced by the
> fact that the price, albeit a terrible one, is to be paid later. For
> politicians, the lure of the support obtained through public expenditures is
> similarly enhanced by the fact that public debt will be paid -or reneged-by
> next generations; often well after the end for one's political career."
>
> -- Finance Minister of Italy Tommaso Padoa-Schioppa
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