for over ten years. Great holds for Americans in your IRA, and a great hold for rubes and suckers in a taxable account, like me. I believe it would have been better for these CEFs to aggressively buyback their shares and pay a smaller dividend, but it worked out well.

" Summary
Adams Diversified Equity Fund, Central Securities Corporation, and General American Investors Co. Inc. are longstanding equity CEFs, each outperforming the S&P 500 over the past decade while trading at notable NAV discounts.
CET currently offers the widest discount at -17.5% and the highest 10-year total return, making it an attractive entry for growth-oriented investors.
ADX provides consistent quarterly income, a low 0.5% expense ratio, and a tech-heavy portfolio, with a 2024 distribution yield of 10.9%.
GAM is more diversified beyond tech, uses modest leverage, and actively repurchases shares, but its current discount is narrower than historical averages."

seekingalpha.com - Old school cefs that consistently beat the market