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Cook & Bynum after ER reduction

Heathbob
edited January 2013 in Fund Discussions
Understand that it is still high.....but is anyone considering this mutual fund after the ER reduction....seems like they have alot of good attributes.....

Comments

  • TedTed
    Dear Heathbob: One would think that with such a concentrated portfolio the managers would be able to beat their benchmark. However, since inception (2009) this LCB has been unable to beat the S&P 500 in 2010, 2012 and YTD. The reduction of ER from 1.88% to 1.49% is still way to high. Unless these boys can step up their stock picking, I don't see this fund being around five year from now.
    Regards,
    Ted
  • varmint
    if you like cook and bynum then buy dodge and cox stock fund-same value tilt and er is only about .50
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