Description: For more than four decades, the Sequoia Fund has been the envy of Wall Street, one of the rare funds to consistently beat the market. Known for its close ties to Warren E. Buffett, the fund at its peak managed more than $9 billion.

Source: NYTimes.com

Date: Nov 12, 2015

Link: http://www.nytimes.com/2015/11/13/business/huge-valeant-stake-exposes-rift-at-sequoia-fund.html?ref=business&_r=0

Questions for Discussions:

• Summarize the issues raised in this article.
• What are the lessons learned for managers and investors?