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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Jurgis Bekepuris who wrote (16227)1/21/2003 11:49:05 AM
From: Dale Baker  Read Replies (1) | Respond to of 78711
 
My point is that a well thought out philosophy about stock investing should provide reliable results over time. I wish I had some 10-year or 20-year "best fund" lists to consider who really does it best.

Value investing has many appealing dimensions for most of us here. But I was just wondering if it is, indeed, the "best" way to pick stocks over long periods of time.

It appears that TAVFX and DODGX did beat the markets on a Yahoo chart dating back to the mid-1980's, especially if distributions aren't factored in. It would be interesting to know how many other funds did too, and how they played their portfolios.



To: Jurgis Bekepuris who wrote (16227)1/21/2003 12:44:20 PM
From: jeffbas  Read Replies (2) | Respond to of 78711
 
Jurgis, I have loved DODGX for at least 20 years, and routinely recommend it to the 95% of investors who won't beat its performance and should not be buying individual stocks. Some things I particularly like:

-Low turnover
-Low expense ratio
-Medium to larger size companies, value orientation
-Committee style of management, so you know you have continuity, very important for long term investment in a fund (especially by unsophisticated folks)
-Out of San Francisco, dating back to the early 1900's

I think this fund is straight out of Graham & Dodd and is an ideal choice for widows, orphans, and anyone else. They also have a good Balanced fund, half like DODGX and half income securities.