Long-term investors understand that how an investment
performs over short periods of time isn't very important,
especially in the context of an
investing strategydesigned to work over decades. But that
doesn't make it any easier to sit through the bad times when
they come.
Taking great funds to the woodshed
2008 crushed a lot of investors, and many top fund
managers suffered from the market's huge reversal of fortune.
Just take a look at how these top funds did:
Fund
2008 Return
10-Year Annualized Return
10-Year Rank Among Similar Funds
Oakmark I (OAKMX)
(32.6%)
3.2%
Top 9%
Yacktman (YACKX)
(26.1%)
9.6%
Top 1%
Wasatch Core Growth (WGROX)
(44.3%)
8.3%
Top 4% Continued... |