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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: AdrianC ⎊🐝  😊 😞
Number: of 15066 
Subject: Re: Beating the SPX
Date: 09/18/2023 9:48 AM
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No. of Recommendations: 2
I have had the same experience. They also want someone to blame.

Yes, good insight.

I had a lot in a "value" mutual fund in '08. They re-opened the fund to take advantage of unprecedented opportunities.

We were down 60% a year later.

I did blame the managers, but even more so blamed myself for thinking those managers knew what they were doing.
They ran a concentrated value fund and ate their own cooking. Sounded good...
They did know what they were doing - taking 1% fees from rubes like me.
Now lagging the S&P500 since inception 4/8/87.
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