Re: Evaluating Managed Funds
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Yes (though I think it was done verbally at an annual meeting or two), and he's absolutely right. I recommend most of my friends and family (that don't have enough assets to hire me) to just go with Vanguard stuff. For the enterprising ones who have a mild-but-not-rabid interest in investing, I suggest Fairholme as the best among many Superinvestor choices.
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What is so super about FAIRX? Run it against IJJ for any time period and tell me why I should be convinced.
I own this fund and wish I didn't but don't want to take cap gains hit by selling. Give me tax advantaged ETFs any day where I don't have to worry about the manager retiring or upping fees or dying.
Its not even close.
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