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reddingrunner (95.29)

Better than CGMFX!

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April 28, 2008 – Comments (0) | RELATED TICKERS: LUK , BRK-A

After looking at the short version of my stock wish list (BUCY, SNHY, ABB, FCX, LAYN), I almost decided to buy CGMFX instead.  Heebner's a genius - I can't pick stocks as well as he can (neither can you!), well worth the 1.25% a year.

Instead I put it into LUK.  These guys are as smart as Heebner, have more latitude than any mutual fund, and, because it's a stock, there's no annual fee.  Yeah, it's the same argument people have been using to buy Berkshire-Hathaway, but B-H has gotten so big they can only buy giant companies, Leucadia can go after small caps, which may be why they've outperformed both BRK and LUK.

Check out the comparative chart for LUK vs CGMFX:

 http://finance.yahoo.com/q/bc?s=CGMFX&t=5y&l=on&z=m&q=l&c=luk 

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