Tim McElvaine Annual Report

[phil_Buffett]

http://mcelvaine.com/wp-content/uploads/2010/03/2013-Annual-Report.pdf

 

 

 

 

cheers

[Zorrofan]

thanks for posting this!!

 

cheers

Zorro

[mhdousa]

A great example of how brutal a bad fee structure can be on an investor. On a gross basis, this fund did fine: 11.3% annualized over 17 years vs 7.4% for the index. 

 

Net, the return was 8.1% annualized.

[Guest longinvestor]

A great example of how brutal a bad fee structure can be on an investor. On a gross basis, this fund did fine: 11.3% annualized over 17 years vs 7.4% for the index. 

 

Net, the return was 8.1% annualized.

+1

WEB is pointing this out at every AGM with the ongoing hedge fof vs s&p index bet.

 

[randomep]

A great example of how brutal a bad fee structure can be on an investor. On a gross basis, this fund did fine: 11.3% annualized over 17 years vs 7.4% for the index. 

 

Net, the return was 8.1% annualized.

+1

WEB is pointing this out at every AGM with the ongoing hedge fof vs s&p index bet.

 

 

how is that going BTW?

[Guest longinvestor]

A great example of how brutal a bad fee structure can be on an investor. On a gross basis, this fund did fine: 11.3% annualized over 17 years vs 7.4% for the index. 

 

Net, the return was 8.1% annualized.

+1

WEB is pointing this out at every AGM with the ongoing hedge fof vs s&p index bet.

 

 

how is that going BTW?

Index+43%

Hedgies+11%

after 6 years. Cumulative

[Guest]

A great example of how brutal a bad fee structure can be on an investor. On a gross basis, this fund did fine: 11.3% annualized over 17 years vs 7.4% for the index. 

 

Net, the return was 8.1% annualized.

+1

WEB is pointing this out at every AGM with the ongoing hedge fof vs s&p index bet.

 

And that's before taxes, too.