The Value Trap Gets Crowded: Michael P. Regan
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If your financial adviser put you in a mutual fund that had slumped 24 percent for the year, you’d probably have given him a call by now, right?
That seems to be the predicament that adviser David Mendels is in these days when it comes to Longleaf Partner’s Fund. As Charles Stein reported today, the Longleaf fund is going through a rough patch after beating the market for two decades.