In my personal opinion based on my personal preference and style this fund is the perfect fund for me......BUT, they need to close the damn thing and i really believe that.
See this is what happens...I finally find something i am totally on board with and then something like greed (that can be avoided) ends up screwing up the whole thing. If I could find a very concentrated fund that invests like they do, invests their own money in the fund, holds lots of cash (for all the right reasons) then closes the door so they can be nimble and avoid massive redemtions during the bad times I'd put all my money into it. I'd even say Bill Nygren's fund would work if he held 10-15% cash and shut the doors. Make EVERYONE understand this is for at least 5 yrs or you will be penalized big time. I'm starting to think I need to really educate myself and start doing this on my own through sharebuilder.com Not because I think I know more then they do cause that's an absolute pipe dream. It's because funds never close and shareholders massive redemtions hurt MY returns. Clem