Description:Â Many investors can only look on with envy when Warren Buffett says his shareholders have seen 20% annualized gains over the past 45 years — even the best mutual funds pale by comparison.
Questions for discussion:
- Summarize the reasons suggested for Buffettâ€™s success when compared to mutual fund managers.
- Do you agree with the criticism of stock turnovers as described by Timothy Vick, senior portfolio manager at Sanibel Captiva Trust?
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