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

To: Paul Senior who wrote (37351)	4/12/2010 1:25:40 PM
From: E_K_S	Respond to of 78744

Hi Paul - Your memory on Graham's Geico investment is correct. Top Five All-Time Best Mutual Fund Managers investopedia.com From the article:"...Best Investment: GEICO (NYSE:BRK.A) - It spun-off to Graham-Newman shareholders at $27 per share and rose to the equivalent of $54,000 per share. Oddly, the GEICO purchase became his most successful investment, although it didn't fit into his deep discount strategy very well. Most of Graham's positions were sold in less than two years, but he held GEICO stock for decades. His main investments were numerous low-risk arbitrage situations...." Here are the Top Five All-Time Best Money Managers according to the article. Benjamin Graham Estimated Return: Reports vary due to the time period in question as well as the calculation methods used, but John Train reported in "The Money Masters" (2000) that Graham's fund, the Graham-Newman Corporation, earned 21% annually over 20 years. "If one invested $10,000 in 1936, one received an average of $2,100 a year for the next 20 years, and recovered one's original $10,000 at the end." Sir John Templeton Estimated Return: He managed the Templeton Growth Fund from 1954 to 1987. Each $10,000 invested in the Class A shares in 1954 would have grown to more than $2 million by 1992 (when he sold the company) with dividends reinvested, or an annualized return of about 14.5%. T. Rowe Price, Jr. His first fund was started in 1950 and had the best 10-year performance of the decade - approximately 500%. John Neff Results: John Neff ran the Windsor Fund for 31 years ending in 1995 and earned a return of 13.7%, versus 10.6% for the S&P 500 over that time span. This amounts to a gain of more than 55 times an initial investment made in in 1964. Peter Lynch Results: Lynch is widely quote as saying that a $1,000 in Magellan on May 31, 1977, it would have been worth $28,000 on by 1990.